Business News
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Govt inks $197.5m debt suspension agreements | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Wednesday signed two debt service suspension agreements amounting to $197.49 million under the G-20 Debt Service Suspension Initiative (DSSI). The government of Pakistan has signed agreements with the Japan International Cooperation Agency (JICA) and the government…
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Power tariff increased by Rs0.42 | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday approved an increase of Rs0.42 per unit in power tariff on account of quarterly adjustment. The approval came at a public hearing held by the power sector regulator. In…
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Senate panel rejects levies | The Express Tribune
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[ad_1] ISLAMABAD: A Senate panel on Wednesday punctured the Rs183 billion revenue measures that the government proposed for the real estate sector while also disallowing companies to adjust future taxes against their previous year losses. The Senate Standing Committee on…
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US wants to expand partnership | The Express Tribune
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[ad_1] KARACHI: US Ambassador to Pakistan Donald Blome has said that there are endless possibilities to further strengthen the economic partnership as the two countries are celebrating 75 years of bilateral ties this year. “Some of the sectors where we…
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SBP urges banks to boost agri-financing | The Express Tribune
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[ad_1] KARACHI: State Bank of Pakistan (SBP) Deputy Governor Sima Kamil, while appreciating the efforts of all stakeholders, has urged banks to leverage the SBP’s recent initiatives and expedite efforts to boost agriculture financing and enhance outreach, especially in the…
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Payment restrictions hit auto sector’s production | The Express Tribune
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[ad_1] LAHORE: Auto parts makers and vendors have started facing production challenges due to the restrictions imposed by the State Bank of Pakistan (SBP). The industry says it has been encountering a production crisis following the curbs put in place…
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No new tax imposed | The Express Tribune
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[ad_1] The government of Punjab has announced that it is not imposing any new tax in the provincial budget for fiscal year 2022-23, presented before the house on Wednesday. However, the provincial government has changed some taxation ratios through the…
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Govt once again drops ‘petrol bomb’ | The Express Tribune
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[ad_1] The coalition government led by Pakistan Muslim League-Nawaz (PML-N) has once again increased the prices of petroleum products by up to Rs59 per litre. Price of diesel has been increased by Rs59, petrol by Rs24.03 per litre and kerosene…
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Punjab govt unveils ‘pro-poor and pro-development budget’
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[ad_1] Finance Minister Punjab Sardar Awais Laghari unveils the budget for the fiscal year 2022-23 at the Aiwan-e-Iqbal, on June 15, 2022. — Screengrab via YouTube/PTV LAHORE: The Hamza Shahbaz-led Punjab government unveiled a Rs3.226 trillion budget for the fiscal…
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‘EU plan to quit Russian fuel plunges Pakistan into darkness’ | The Express Tribune
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[ad_1] Pakistan’s power woes that are plunging the country into the darkness with planned load-shedding of more than 12 hours stem from Europe’s decision to quit buying Russian fuel. According to Bloomberg, the world’s fifth-most populous country invested in LNG…
