Business News
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New policy to encourage solar net-metering, claims minister
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[ad_1] Federal Minister for Energy (Power Division) Awais Leghari gestures during an interview in this undated photo. — AFP Dismissing speculations, Federal Minister for Energy Sardar Awais Ahmad Leghari on Sunday claimed that under the new policy the number of solar net-metering consumers would increase. Earlier this week, the cabinet’s Economic Coordination Committee (ECC) revised…
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PM hopes for resolution of Rs400b tax cases | The Express Tribune
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[ad_1] Listen to article ISLAMABAD: Prime Minister Shehbaz Sharif has expressed confidence that the pending tax cases of Rs400 billion will be resolved, as reflected in a recent Sindh High Court ruling, which has resulted in a relief of Rs23 billion for the government. While discussing the government’s achievements in a recent cabinet meeting, the PM highlighted…
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Petrol price may see major cut for next fortnight on March 16
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[ad_1] A fuel station worker refills a car’s petrol tank. — AFP/File Amid the recent decline in global oil rates, the petroleum products prices are likely to go down in Pakistan by up to Rs14 on March 16, Geo News learnt on Wednesday. Sources in oil companies said the price of petrol was likely to…
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Govt seeks to diversify lending beyond banks | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb on Monday reaffirmed the government’s commitment to supporting the insurance sector as he recognised its potential for stimulating significant private sector investment. During a meeting with a delegation of chief executive officers of Pakistan’s leading insurance companies, the minister said that the government wanted to diversify lending…
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China gives Pakistan one-year extension on $2bn loan repayment
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[ad_1] US One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. — Reuters ISLAMABAD: In a major development, China rolled over $2 billion loan to Pakistan for one year, confirmed the Ministry of Finance on Saturday. According to the ministry, the loan was originally due for…
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Price hike not caused by exports: PSMA | The Express Tribune
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[ad_1] Listen to article LAHORE: Pakistan Sugar Mills Association (PSMA) – Punjab Zone has denied that sugar prices have increased due to exports of the sweetener. In a statement, a spokesman for the association said that some misconceptions had been raised in media by linking the sugar price hike with exports without establishing facts. Owing to a…
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Gold rates climb in Pakistan as global investors flock to safe-haven asset
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[ad_1] A saleswoman shows gold bangles to a customer at a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Kolkata, India, May 3, 2022. — Reuters Gold prices in Pakistan rose for the second consecutive day on Tuesday, in line with investors rush to safe-haven assets in international markets,…
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Significance of consultancy sector for economy | The Express Tribune
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[ad_1] Listen to article ISLAMABAD: This article is an attempt to share the observations made so far during my new career of business consultancy adopted a few years ago. Right from the start what perturbs me the most is a preponderant tendency of many in the market to try to utilise the services of a consultant free…
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Petrol price goes down by Re0.50 per litre
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[ad_1] A petrol pump in Islamabad is seen in this undated image. — Online/File The per litre price of petrol has been decreased by Re0.50 per lite, according to an official notification issued on Friday. According to a notification issued by the Finance Division, petrol will now be available for Rs255.63 per litre, down from…
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Tax revenue from cigarettes to decrease Rs34b | The Express Tribune
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[ad_1] Listen to article ISLAMABAD: British American Tobacco (BAT) has urged the government to review its heavy taxes on smokeless products, including vapours, and to clamp down on the illicit trade of cigarettes that is expected to dent state revenue by Rs34 billion in this fiscal year. A delegation of BAT and its affiliate Pakistan Tobacco Company…
