Business News
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Oil drops from 7-year high | The Express Tribune
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[ad_1] Oil dropped from a seven-year high to around $94 a barrel on Tuesday, pressured by a report that some troops in Russia’s military districts adjacent to Ukraine are returning to bases, a move that could de-escalate tension between Moscow and the West. Russia’s Interfax news agency cited the defence ministry as saying that while…
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Petrol prices likely to hit all-time high in Pakistan
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[ad_1] The well-placed sources said that petrol and diesel prices may go up by Rs13 and Rs18 per litre from February 16. -File photo ISLAMABAD: The prices of petroleum products are expected to hit an all-time high in Pakistan as the government is likely to increase the fuel prices by Rs18 per litre for the…
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Domestic fuel prices to rise amid Russia-Ukraine crisis | The Express Tribune
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[ad_1] ISLAMABAD: Pakistanis may see another surge in fuel prices following fluctuations in global crude oil prices over the Russia-Ukraine crisis. Amid international tensions, global oil prices jumped from $85 per barrel to $94 per barrel. Crude oil peaked at $96.16 per barrel, the highest since October 2014, before settling down at a slightly lower…
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Oil eases from seven-year highs | The Express Tribune
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[ad_1] LONDON: Oil eased on Monday from its highest in more than seven years as Ukraine hinted at possible concessions to Russia that could alleviate tensions between the two countries that Western governments say are on the brink of war. Brent crude was down $0.6, or 0.6%, at $93.84 a barrel by 1440 GMT after…
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Investment pouring into G-B due to CPEC | The Express Tribune
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[ad_1] ISLAMABAD: The economic benefits of China-Pakistan Economic Corridor (CPEC) are beginning to emerge in a big way as overseas Pakistanis are pouring investment into Gilgit-Baltistan (G-B) to cash in on the lucrative opportunities in the untapped sectors, speakers said at a webinar. The webinar entitled ‘Roadshow Webinar, USA, Canada and European Countries’ and organised…
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Germany to provide more assistance for social sector | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and Germany are longstanding development partners and since 1961 the European nation has provided €3.8 billion as technical and financial assistance for socio-economic development, said Minister for Economic Affairs Omar Ayub. In a meeting with German Ministry for Economic Cooperation and Development State Secretary Jochen Flasbarth on Monday, he said that German…
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Approval of SOE bill delayed | The Express Tribune
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[ad_1] ISLAMABAD: The National Assembly Standing Committee on Finance and Revenue has deferred the approval of State-Owned Enterprises (SOE) and Fiscal Responsibility and Debt Limitation (FRDL) bills 2021 till February 16 for accommodating Public Procurement Regulatory Authority (PPRA) rules. In a meeting on Monday, the committee, headed by member National Assembly (MNA) Faizullah, discussed various…
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KEPZ investors urge government to withdraw general sales tax | The Express Tribune
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[ad_1] KARACHI: Businessmen have urged the government to withdraw the general sales tax (GST) imposed on the industries in Karachi Export Processing Zone (KEPZ). Talking to The Express Tribune, businessman Ahsan Ali, operating in KEPZ, underlined that all export processing zones worldwide “are duty-free zones”. He mentioned that the government applied GST only in KEPZ,…
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FBR starts taxing offshore firms | The Express Tribune
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[ad_1] ISLAMABAD: For the first time, the government has started taxing the income of offshore companies owned by Pakistanis, beginning the journey towards collecting taxes from the wealthiest families that route their local income through foreign channels to avoid paying taxes. The step, taken last week by the Automatic Exchange of Information (AEOI) Zone of…
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Businessmen keen to hold meetings with Afghan delegation | The Express Tribune
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[ad_1] ISLAMABAD: The boom in regional trade is largely dependent on relaxation of trade relations with Afghanistan, said Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir. Speaking to the APP on Monday, he said that massive opportunities were available for Pakistan with regard to promotion of trade with Afghanistan and Central Asian…
