PM Khan applauds FBR’s effort as tax collection exceeds targets

The increasing collection at the import stage(custom duty) and growing reliance on indirect taxes remained the two distinctive features of the FBR’s revenue performance in the first 10 months of the current fiscal year. It has led to higher prices for the poor people of the economy.

Pakistan getting a car from Huawei very soon!!

Huawei has unveiled its new hybrid SUV that has been developed by the smartphone company in collaboration with the electric car and equipment producer SERES. The two businesses declared their partnership at the ongoing Shanghai Auto show.

Gov.t again postpones decision on payments to IPP, LNG subsidy

Finance Minister Shaukat Tareen agreed to have separate discussions with relevant members and constituted sub-committees on both issues to discuss them further before reaching a decision.

Prime Minister worried about high rates of electricity

In 2023, which would be an election year, the capacity charges would reach Rs1,500bn, causing an increase in the electricity rate from Rs11.75 to Rs16.44 per unit. The cost of per unit electricity production is Rs22-23, Fawad Chaudhry said.

Wheat stocks to finish in 3 weeks, Tarin

Federal Finance Minister Shaukat Tarin on Monday stated that there is a need to build six million metric tons of strategic wheat reserves, as the total public sector stocks...

Sindh to grow cotton over an area of 600,000 hectares

Sindh Agriculture Minister Ismail Rahoo on Monday said that Sindh will grow cotton over an area of 600,000 hectares and till now sowing on 50% of the area has been carried out in lower parts of the province

Government directs SSGCL and SNGPL to work on LNG terminals

The Ministry of Maritime Affairs is collaborating with the Petroleum Division to facilitate the new LNG terminal developers in streamlining the process and working the bureaucracy to obtain various NOCs and handover of the possession of land for tie-in facilities near Pakistan Steel Mills.

Pakistan’s trade deficit rises to $20.83 billion for current year

Pakistan’s exports of textile and clothing rebounded in March mainly due to value-added sectors and posted a growth of 30.4 per cent from a year ago, showed data released by the Pakistan Bureau of Statistics (PBS) on Friday.

Pakistan’s economic turnaround attributed to improved business confidence: Report

According to the Policy Think Tank's 12-Month analysis till January 2021, the economy is going in a positive direction on the back of the Large Scale Manufacturing sector and Increased business confidence.

CCoE extends flat tariff for industries till 30th June 2020

The policy was extended despite concern from the Power Division that this might lead to increase in the loadshedding and power stations tripping during core months ranging from May to September.

ECC approves withdraws cotton yarn import duty

The customs duty will remain zero until June 2021 but is subject to the approval of the Cabinet. It is done to facilitate the value-added exporters in the textile industry of the country.

Hammad reaffirms commitment to boost construction industry

Federal Minister for Finance, Revenue, Industries and Production Muhammad Hammad Azhar Friday reiterated the government’s firm commitment to further promoting the construction industry as it had triggered an impressive...