According to sources, Pakistan and the International Monetary Fund held virtual talks on the efforts made in the budget to meet the conditions. The IMF was briefed on Pakistan’s measures to increase gas prices and other economic decisions in the budget, sources added. Sources indicated that negotiations for a new loan program are underway, and […]
Consumer prices began slowing after reaching a peak of 75.45 percent in May. “The disinflation process has begun,” Finance Minister Mehmet Simsek wrote on X. Turkey has been battling a cost-of-living crisis that prompted President Recep Tayyip Erdogan to drop his opposition to interest-rate hikes to combat inflation. The central bank began to raise its […]
The notification stated that the gas price for captive power plants has been increased by Rs 250 per MMBtu, setting the new rate at Rs 3,000 per MMBtu with immediate effect. According to OGRA, gas prices for sectors such as fertilizer factories, ice factories, and the cement industry will remain stable. ECC approves hike in […]
Success has different means for everyone, it’s not such a straightforward concept to catch. For some, it may be a certain job, earning a good salary. For others, it may be about starting a family someday, for someone it may playing an instrument very well one day, Whatever success is meant to you, certain traits […]
The funds from the U.S. Biomedical Advanced Research and Development Authority will be used to complete late-stage development and testing of a pre-pandemic mRNA-based vaccine against H5N1 avian influenza, the company said in a statement. The agreement also includes additional options to prepare and accelerate a response to future public health threats, the company said. […]
The 3pc increase in the freight charges has been announced in the wake of an increase in diesel prices, according to PR notification. However, the 3% hike in freight rates would not apply to steel coils, petroleum products, line haul cost, line management cost, shunting charges, demurrage, and destination charges. Meanwhile, Pakistan Railways has reached […]
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. The passengers who were previously paying Rs5,000 in FED on economy tickets will now pay Rs12,500. Similarly, the amount of duty, which was […]
The Utility Stores Corporation spokesperson in his statement said a summary has been forwarded to the government for the PM relief package. The spokesperson also rejected the rumors of price hikes at the Utility Stores and added that the package is continuing as routine for the public and the beneficiaries of the Benazir Income Support […]
According to the notification, the Federal Board of Revenue slapped 2% ADC on items subject to 0% duty. The ACD would be applicable at the rates of 2 percent; 4 percent; 6 percent and 7 percent on the import of goods as specified in the SRO 929(I)/2024. From July 1, 2024, the FBR has imposed […]
According to the Statutory Regulatory Order (SRO), the regulatory duty has been increased on various items ranging from 5% to 55% under Finance Bill 2024, including Milk and cream (25%), Yogurt, butter, and nuts (20%), Natural honey (30%), Dates, figs, pineapples, and oranges (25%), Cherries (35%), Apples and lemons (45%), Corn (30%), Perfume and makeup […]
