Express
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SPI increases 3.63% | The Express Tribune
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[ad_1] The Sensitive Price Indicator (SPI) for the week ended June 30, 2022 registered an increase of 3.63% for the combined income group, going up from 190.98 points during the week ended June 23, 2022 to 197.92 points in the week under review. The SPI for the combined income group rose 32.01% compared to the…
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FBR collects record Rs763b in June | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail on Friday said the Federal Board of Revenue (FBR) had created history by collecting revenue of Rs763 billion in June. Speaking at a press conference along with FBR Chairman Asim Ahmad, the minister said the board had never crossed Rs600 billion mark in the past…
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Petrol, diesel sales fall after end of subsidy | The Express Tribune
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[ad_1] KARACHI: The demand for petrol and diesel dropped 12% and 16% respectively in June 2022 compared to the previous month, snapping a long uptrend in sales of petroleum products in the wake of withdrawal of subsidies and imposition of taxes. Petrol is mostly used by two, three and four-wheeler vehicles, while diesel is mostly…
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Startups attract $280m investment | The Express Tribune
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[ad_1] KARACHI: Confronting the national and international economic crises, Pakistan’s booming startups have secured investments in first half of 2022 better than the previous year. Investments in second quarter of 2022 has been recorded at over $103 million, taking first half of 2022 funding to around $280 million, 75% of approximately $375 million recorded in…
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Govt plans to raise edible oil production to 4.8m tons | The Express Tribune
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[ad_1] ISLAMABAD: The government has planned to increase the annual edible oil production up to 4.79 million tons over the next 10 years in an effort to take the country towards self-sufficiency in food commodities, especially in edible oil. Minister for Planning and Development Ahsan Iqbal presided over a meeting on Friday to review the…
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Ministry withholds 150% allowance | The Express Tribune
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[ad_1] ISLAMABAD: The Ministry of Finance on Friday withheld a notification for 150% executive allowance for the bureaucrats as it planned to give a need-based allowance instead of making it part of the salary of every officer serving in the federal government. However, the Ministry of Finance did notify the merger of five ad hoc…
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Govt to exploit hydrocarbon resources | The Express Tribune
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[ad_1] ISLAMABAD: Minister of State for Petroleum Dr Musadik Malik on Friday said the government was committed to exploiting indigenous hydrocarbon resources for achieving self-sustenance in the energy sector. Addressing a news conference, he said a plan was being devised to provide effective package of incentives to both local and foreign exploration and production (E&P)…
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5 more palm oil carrying ships to arrive by July 10 | The Express Tribune
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[ad_1] ISLAMABAD: Indonesian Ambassador Adam Mulawarman Tugio has said that palm oil supply from Indonesia to Pakistan will be completed by July 10 under the current phase. “So far five ships have arrived in the port city of Karachi and another five will arrive by July 10,” Tugio said while talking to APP on Friday.…
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Solar energy package on the cards | The Express Tribune
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[ad_1] ISLAMABAD: The government is working on a comprehensive solar energy package comprising tax waivers and concessionary loans for consumers in a bid to overcome the prolonged power outages that have stalled life in the country. The solar package will also include a short-term plan for shifting government offices on to solar energy. It involves…
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Two subsidised loan schemes put on hold | The Express Tribune
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[ad_1] KARACHI: The PML-N led coalition government has temporarily suspended two major subsidised loan schemes introduced by the previous PTI administration for lowcost houses and youth entrepreneurship. “It is advised that government of Pakistan is considering reviewing/ revising features of ‘Government Markup Subsidy (G-MSS) for Housing Finance’ commonly known as Mera Pakistan Mera Ghar (MPMG)…
