Business News
-
Structural issues in way of LNG liberalisation | The Express Tribune
.
[ad_1] KARACHI: Pakistan currently imports liquefied natural gas (LNG) through a government-to-government agreement (15-year contract with Qatar on a take-or-pay basis) and four arrangements with private vendors in Italy and Qatar (also term contracts on take-or-pay basis). Over the last three years, these term agreements have accounted for more than 87% of all LNG shipped…
-
Transparency in oil and gas sector | The Express Tribune
.
[ad_1] ISLAMABAD: Transparency may have many definitions. Its basic meaning is visibility. In applied sense related to governance, it means visibility of operations and decision-making in qualitative and quantitative terms. Transparency means availability of data and information to all stakeholders. Transparency requirements of the government, public sector and regulators are usually much more and stringent…
-
Imports are good for economy! | The Express Tribune
.
[ad_1] ISLAMABAD: In the last government of Pakistan Tehreek-e-Insaf (PTI), we heard that importing cheese and chocolate is bad for the economy as it eats away precious foreign currency reserves. We were told that “luxury” imports like cheese, chocolate and pet food deteriorates the trade and current accounts as well. The previous government resorted to…
-
And then what after all good news? | The Express Tribune
.
[ad_1] ISLAMABAD: In an ideal scenario, we got the outstanding tranche from the IMF, we got the bilateral loans rolled over, we got extension for the deposits by friendly countries for the balance of payments support; all are good news, but then what? What would happen in the next years when these rolled-over loans are…
-
Malaysia plans record $18b subsidy | The Express Tribune
.
[ad_1] KUALA LUMPUR: Malaysia is expected to spend 77.3 billion ringgit ($17.6 billion) in subsidies and cash aid this year, the largest amount in history, to help temper the effects of rising prices, its finance minister said on Saturday. Prices of goods have jumped in Malaysia in recent months due to supply chain disruptions, labour…
-
Businessmen oppose real estate tax hike | The Express Tribune
.
[ad_1] ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir has said that the construction industry plays a key role in the country’s economic development, but high taxes imposed on the real estate and construction sector will badly affect business activities and cause harm to the economy. Speaking at a meeting of…
-
PM rejects tax relief for jewellers | The Express Tribune
.
[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif has expressed his annoyance at being bypassed by the Federal Board of Revenue (FBR), which proposed the grant of tax concessions on gold, silver and jewellery, and has turned down the planned reduction in taxes. The premier decided to put all jewellers under the tier-1 retailer category and connect…
-
Hotel chain to sell Peshawar business | The Express Tribune
.
[ad_1] KARACHI: The management of a five-star hotel chain in Pakistan has announced the sale of one of its well running establishments in Peshawar to a local buyer apparently to cut its liabilities, which have grown more than the assets, and at a time when another similar project is near completion in the same city.…
-
Over 450 imported timber containers stuck | The Express Tribune
.
[ad_1] KARACHI: The clearance of nearly 450 containers carrying timber, which was imported from the United States and European countries, has been stopped as the government has made it mandatory for the timber importers to get phytosanitary certificate from the exporting country. Owing to the suspension, the timber companies in Pakistan are incurring an additional…
-
Asset disclosure condition to be eased | The Express Tribune
.
[ad_1] ISLAMABAD: The government may relax the disclosure condition about the ultimate owners of Pakistani companies to ward off pressure from the wealthiest people, who are reluctant to fully reveal their assets and want the continuation of secrecy. The coalition government also appears reluctant to withdraw the Rs8 billion tax relief proposed for the stock…
