govt
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Govt urged to curb dollar outflow | The Express Tribune
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[ad_1] LAHORE: Businessmen have urged the government to control dollar flight besides bridging the gap between inter-bank and open market exchange rates. “A widening divide between inter-bank and open market dollar rates and an uncontrolled dollar flight are posing a new challenge to the trade, industry and economy,” said Lahore Chamber of Commerce and Industry…
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Govt in search of new FBR chief to shore up tax receipts | The Express Tribune
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[ad_1] ISLAMABAD: Interim Prime Minister Anwaarul Haq Kakar said on Thursday that the government was looking for a new chairman of the Federal Board of Revenue (FBR) to improve tax collection through documentation of the economy. The premier made the statement during his maiden interaction with media persons. On the same day, the FBR reported…
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Govt faces IMF delay over bill crisis | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Tuesday did not immediately approve Pakistan’s request for recovering August’s electricity bills over a period of six months amid raging protests in many parts of the country that continued for the fifth day running against back-breaking bills. Adding more vigour to the protests, the traders’ community also…
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Govt can reduce tax burden on people consuming up to 300 units: Miftah
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[ad_1] Former finance minister Miftah Ismail. — Radio Pakistan/File Former finance minister Miftah Ismail on Saturday claimed that the caretaker government could reduce the tax burden on domestic consumers using up to 300 units of electricity. Reacting to the countrywide protests against the inflated electricity bills, the former finance minister revealed that the incumbent government…
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Govt to focus more on HR | The Express Tribune
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[ad_1] ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar has expressed the interim government’s resolve to focus more on rationalising expenditures, generating revenue and developing human resources during its short constitutional tenure. Talking to a delegation of students from Harvard University, the US, the PM said that only about 9% of the population in Pakistan was…
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PDM govt installed SNGPL board in violation of law | The Express Tribune
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[ad_1] ISLAMABAD: The last Pakistan Democratic Movement (PDM) government illegally replaced five independent directors of Sui Northern Gas Pipelines Limited (SNGPL) towards its fag end without holding their elections, creating a legal challenge for the firm. The matter suddenly got attention this week after the Lahore High Court (LHC) granted an interim injunction a day…
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Debt soars Rs18.5tr during PDM govt | The Express Tribune
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[ad_1] ISLAMABAD: In an alarming development, the Pakistan Democratic Movement (PDM) government added Rs18.5 trillion to the public debt in just 15 months, which was more than the debt accumulated by its arch-rival Pakistan Tehreek-e-Insaf in its three-and-a-half-year tenure, reveals a central bank statement. Gross public debt jumped from Rs44.4 trillion in March 2022 to…
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Interim govt increases petrol price by over Rs17 per litre
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[ad_1] A car being refuelled in this undated picture. — AFP/File In its first major decision, Caretaker Prime Minister Anwaar-ul-Haq Kakar’s government on Tuesday night jacked up the petrol price by more than Rs17 per litre. “Petroleum prices in the international market have increased during the last fortnight. As a result the consumer prices in…
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Govt doles out billions to MPs at its fag end | The Express Tribune
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[ad_1] The outgoing government of Prime Minister Shehbaz Sharif has spent 99% of the total public sector development spending during his last six weeks in power on the parliamentarians’ schemes by blocking expenditures on other critical projects. The details showed that since the start of the current fiscal year on July 1, the federal government…
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Govt to generate Rs721b by raising power tariff | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has formulated a strategy to collect an additional Rs721 billion from electricity consumers during the current financial year as per the conditions agreed with the International Monetary Fund (IMF). According to the finance ministry sources, the government has shared its plan with the IMF, aimed at increasing the electricity tariff…
