govt
-
Govt slashes petrol price by Rs8 per litre
.
[ad_1] Motorcyclists can be seen at a petrol pump in Multan, on July 19, 2023. — APP ISLAMABAD: The caretaker government slashed the price of petrol by Rs8 per litre for the next 15 days, providing some relief to the inflation-burdened masses. Meanwhile, a cut of Rs11 has been announced in the diesel price, after…
-
Govt likely to reduce petrol price from October 1: sources
.
[ad_1] photograph of a car being filled with petrol at a petrol station. — AFP/File ISLAMABAD: In a bid to transfer the benefit of recent stability witnessed by the rupee against the US dollar, the caretaker government is likely to reduce fuel prices from October 1 (tomorrow). The Ministry of Finance will decide upon any…
-
Govt urged to renegotiate capacity charges | The Express Tribune
.
[ad_1] LAHORE: As Pakistani households and businesses are facing mounting power tariffs, the government should renegotiate capacity charges, put a halt to sales tax collection and reduce the ratio of taxes in electricity bills, a businessmen group demanded. Speaking at a press conference, Pakistan Business Forum (PBF)’s Punjab Chairman Muhammad Naseer Malik said that the…
-
Carateker govt sees dollar at Rs260 soon | The Express Tribune
.
[ad_1] LAHORE: Amid the rising value of the local currency, Caretaker Minister for Commerce Industries and Production, Gohar Ejaz, anticipated a decline in the value of the US dollar against the Pakistani rupee. He made the prediction during a joint press conference held in Lahore, accompanied by Energy Minister Muhammad Ali. Ejaz underscored the interim…
-
Interim govt increases petrol, diesel prices to record high
.
[ad_1] Petrol prices surged to Rs331.38 per litre. — AFP/File In view of the increasing trend of petroleum prices in the international market, the caretaker government on Friday hiked the petrol prices by more than Rs26 and diesel by over Rs17 per litre for the next fortnight. The Finance Division said that the price of…
-
Govt mulls ordinance to digitise economy | The Express Tribune
.
[ad_1] ISLAMABAD: In an effort to digitise the economy, the interim government is planning to bring legislative and administrative changes, besides empowering the Ministry of Information Technology to play the role of a data-gathering agency to broaden a narrow tax base of 4.2 million filers. Sources told The Express Tribune that various proposals to increase…
-
July interest payments surpass govt income | The Express Tribune
.
[ad_1] ISLAMABAD: Interest payments in July increased alarmingly to Rs537 billion, surpassing the federal government’s net income for the month by Rs156 billion. This has raised concerns that the annual debt servicing cost may exceed budget allocations due to rising interest rates. Provisional federal fiscal operations for July, marking the beginning of fiscal year 2023-24,…
-
Govt rejects reports of ban on Rs5000 banknote
.
[ad_1] A dealer counts banknotes of Rs5000 at a currency market in Pakistan. — AFP/File The Ministry of Information and Broadcasting (MoIB) on Thursday said that there was no ban on the use, possession, and circulation of the banknotes of Rs5000, as being falsely reported on social media. The ministry’s rebuttal of the reports of…
-
Govt mulls selling stakes in three power distribution companies | The Express Tribune
.
[ad_1] KARACHI: The federal government is considering selling stakes in three high performing state-owned power distribution companies through an initial public offering, officials said on Wednesday, as the country looks to resolve financial issues facing the debt-ridden sector. The country’s power sector has been plagued by high rates of power theft and distribution losses, resulting…
-
Govt mulls increasing import taxes | The Express Tribune
.
[ad_1] ISLAMABAD: The government is considering options to once again increase import taxes on ‘luxury goods’ or make it more difficult to import cars under baggage or gift schemes in an effort to curb imports, which have started to rise since last month. Sources have informed The Express Tribune that proposals to disrupt the flow…
