International Monetary Fund (IMF) officials held virtual negotiations with the provincial officials of Pakistan for the new loan program. Sources said the IMF officials urged the provincial authorities to slap a tax on agricultural income, which the provinces of Pakistan reportedly agreed upon. The provincial governments of all four provinces of Pakistan sought time to […]
the minister said that Azerbaijan was particularly interested in the mineral sector, including oil and gas. The minister said that the Central Asian country was focusing on the oil and gas exploration sector, noting their keen interest in expanding investments in the LNG sector as well. The prime minister is eager to increase economic cooperation […]
the federal cabinet approved the increase in electricity prices for commercial, agricultural, and large consumers while retaining the basic tariff for industrial consumers. The cabinet has approved an increase of Rs8.04 in the basic price of electricity for commercial consumers. From July, the per-unit rate for commercial consumers would reach Rs77.15, the sources said. For […]
“No decision has been made for the export of wheat. I want to bring it on record before the House that there is no such decision for the wheat export,” he told the National Assembly responding to a point of order raised by a parliamentarian. However, referring to the PTI government’s sugar and wheat scams, […]
Check out these things that are banned by the US government and are illegal in the USA. Cuban cigars Cuban cigars were banned in the USA during the Cold War in 1962 as part of JFK’s embargo of Cuba. From the Cold War to this day, it’s still illegal to buy and sell cuban cigars […]
The federal government jacked up the FED on the international flights in the budget 2024-25. According to the notification, the FED on economy and economy plus tickets has risen by 150 percent. In a letter to Pakistan’s finance ministry, the IATA has demanded to immediately roll back the imposition of 150pc tax on international air […]
“The Ministry of Commerce will conduct a trade and investment barrier investigation into the relevant practices adopted by the EU in its investigation of Chinese enterprises,” the ministry said in a note on its website. It said it had decided to launch the probe following a complaint made by the National Chamber of Commerce for […]
Headed by Deputy Prime Minister and Foreign Minister Ishaq Dar, the Executive Committee of the National Economic Council (Ecnec) approved the completion of the $6.7 billion project in two phases. The committee sanctioned the first phase from Karachi to Multan for $3.32 billion, although the Chinese have so far agreed to fund $1.1 billion worth […]
FBR spox said the telecom companies had blocked 230,000 Subscriber Identity Modules (SIMs) of non-filers on the body’s recommendation. He said 76,636 SIMs out of 230,000 were unblocked after submission of tax returns. He said the FBR provides data of 5,000 individuals daily to the Pakistan Telecommunication Authority (PTA) for SIM blockage. Replying to a […]
The scheme will provide solar panels to households consuming between 50 to 500 units of electricity, with the government bearing 90 percent of the cost and the consumer paying the remaining 10. In a statement, CM Punjab Maryam Nawaz said that the government will not leave the public alone in difficult times. “The government aims […]
