Express
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Oil industry warns of supply chain breakdown | The Express Tribune
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[ad_1] ISLAMABAD: A major oil industry lobby has warned of impending breakdown in the energy supply chain as companies are facing financial crisis following refusal of international banks to accept Letters of Credit (LCs) opened by Pakistani banks. In an…
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LPG price slashed by Rs13 per kg | The Express Tribune
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[ad_1] ISLAMABAD: The consumers of liquefied petroleum gas (LPG) have got good news following the massive increase in petroleum product prices. The Oil and Gas Regulatory Authority (Ogra) has slashed the price of LPG by Rs13 to Rs218.76 per kg….
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FBR collects Rs5.4tr in taxes | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs5.35 trillion in taxes in 11 months of the current fiscal year, leaving it with the task of collecting another Rs750 billion in June to achieve the revised target that had…
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‘EVs to adversely impact economy’ | The Express Tribune
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[ad_1] ISLAMABAD: The promotion of electric vehicles (EVs) will have a negative impact on the local auto industry and the national economy, remarked Indus Motor Company (IMC) Chief Executive Officer Ali Asghar Jamali. In a statement issued on Tuesday, the…
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Minister calls for granting rewards to IT firms | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for IT and Telecommunication Syed Aminul Haque has given directives for expediting the process of giving cash rewards to the information technology companies and setting a timeline in this regard. The minister gave the directives while…
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Traders demand cut in duty on polyester yarn | The Express Tribune
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[ad_1] KARACHI: Traders have urged the government to reduce customs duty on the import of polyester filament yarn to facilitate the use of synthetic fibre in textile manufacturing. Acting Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Suleman…
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ICAP for withdrawing tax breaks | The Express Tribune
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[ad_1] ISLAMABAD: The Institute of Chartered Accountants of Pakistan (ICAP) on Tuesday proposed to withdraw all income tax exemptions, including those meant for generals and judges, and also sought an end to the unchecked inefficiency-prone budget subsidies for the exporters….
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PM Shehbaz vows all-out cooperation to Turkish investors | The Express Tribune
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[ad_1] ANKARA: Prime Minister Shehbaz Sharif on Tuesday, while assuring his government’s all-out support, urged the business community of Pakistan and Turkey to take the bilateral trade to the $5 billion mark within the next three years. “The $1.1 billion…
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Oil climbs above $121 as China eases curbs | The Express Tribune
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[ad_1] LONDON: Oil prices climbed above $121 a barrel on Monday, hitting a two-month high as China eased Covid-19 restrictions and traders priced in expectations that the European Union will eventually reach an agreement to ban Russian oil imports. Trading…
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Legal rows delay cheaper gas supply | The Express Tribune
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[ad_1] ISLAMABAD: Several legal disputes in the exploration and production (E&P) sector of Pakistan have caused delay in injecting 250 million cubic feet per day (mmcfd) of cheaper gas into the national network, industry officials say. Currently, there are around…
