Business News
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Saudi crown prince gives nod to accord with Pakistan’s spy agencies against terrorism
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[ad_1] Saudi Crown Prince and Prime Minister Mohammed bin Salman (centre) chairs a cabinet meeting on May 21, 2024. — Saudi Press Agency Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS) on Tuesday approved a cooperation agreement between the Presidency…
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Excise duty structure fuels counterfeit cigarette use: report | The Express Tribune
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[ad_1] ISLAMABAD: The current excise duty structure on tobacco products has led consumers to shift from legally compliant cigarette brands to illegal, tax-evaded ones, causing an estimated annual revenue loss of Rs310 billion for the national exchequer. Illicit cigarette brands…
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Power production drops by 14% | The Express Tribune
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[ad_1] KARACHI: Power production, in April, witnessed a staggering 14% decline, plummeting to 8,640 gigawatt-hours (GWh), attributed to a significant surge in electricity prices, a slowdown in industrial activities, and a notable migration of businesses and households towards solar power…
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Tax sectors with higher GDP share: OICCI | The Express Tribune
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[ad_1] LAHORE: Major overseas investors, in their taxation proposals for the upcoming budget for fiscal year 2024-25, have asked the federal government to consider taxing the untapped sectors which have a high potential and a huge share in the country’s…
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Is govt mulling to review solar net metering policy?
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[ad_1] Several solar panels can be seen in this picture. — AFP/File ISLAMABAD: Federal Minister for Energy Awais Ahmad Khan Leghari on Tuesday categorically rejected media reports and said that the government would not make any change in solar net…
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Solar power tariff: Minister says IMF didn’t set condition for gross metering
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[ad_1] A man wipes the dust off solar panels he recently installed on the roof of his home in Larkana, in Pakistan’s Sindh province, June 28, 2017. — Reuters Amid panic in solar panels market, Federal Minister Awais Khan Leghari…
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Another power tariff hike in offing | The Express Tribune
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[ad_1] ISLAMABAD: Electricity consumers may need to brace for another jolt as power distribution companies have proposed a tariff increase of up to Rs3.48 per unit. The companies have requested permission from the National Electric Power Regulatory Authority (NEPRA) to…
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FIA, intelligence officers to be inducted into DISCOs to eliminate corruption
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[ad_1] An employee of the Islamabad Electric Supply Company (IESCO) takes a meter reading with his smartphone at a commercial building in Islamabad. — AFP/File The federal government has decided to appoint officers from the Federal Investigation Agency (FIA) and…
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PM forms new committee to end inter-ministerial dispute | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif has constituted yet another committee, this time to end an inter-ministerial dispute, as neither the planning ministry nor the finance ministry are willing to take ownership of 100 provincial nature schemes with a cumulative…
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Pakistan’s IT exports jump 62% to $310 million in April
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[ad_1] A representational image of a man using a mobile phone. —Pixabay/File Pakistan’s IT export remittances jumped to a record $310 million in April 2024 from $191 million in the same month last year, sercuring a 62.3% year-on-year (YoY) surge,…
