govt
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Govt invites bids to outsource Islamabad airport
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[ad_1] Airport staff walk through security at the Islamabad International Airport. — AFP/File The Pakistan Civil Aviation Authority (PCAA) issued a tender on Tuesday inviting bids to outsource the Islamabad International Airport (IIA) reportedly for a period of 15 years. As part of its efforts to overcome the ongoing economic crisis and fulfil the harsh…
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Govt chalks out framework to revive debt-ridden PIA | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has prepared a major plan to run the Pakistan International Airlines (PIA), which was drowning in debt, under a public-private partnership with foreign capital and restructure the national carrier. Under the PIA revival plan, a new holding company will be registered with the Securities and Exchange Commission of Pakistan (SECP)…
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Govt jacks up petrol prices by whopping Rs19.95 | The Express Tribune
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[ad_1] Finance Minister Ishaq Dar on Tuesday said that petroleum prices were being jacked up by a staggering Rs19.95 per litre. The minister said that the decision was made “in the national interest” as he announced that the cost of High-Speed Diesel (HSD) was being increased by Rs19.90 to dial in at Rs273.40 per litre…
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Govt allows imports for EPZs | The Express Tribune
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[ad_1] ISLAMABAD: In a strategic move to expedite the development of Export Processing Zones (EPZs) and achieve ambitious export targets, the Pakistani government has taken a momentous step by allowing the import of construction material from tariff areas into EPZs in the northern region and all future EPZs. The new policy will enable transactions to…
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‘Had Imran-led govt continued, Pakistan’s economy would have collapsed’
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[ad_1] The country would have economically collapsed had the Pakistan Tehreek-e-Insaf (PTI) government completed its tenure, former Federal Bureau of Revenue (FBR) boss Shabbar Zaidi said. The PTI’s tenure was cut short in April 2022, when the government was ousted after Khan was removed as the prime minister through a no-confidence motion, paving the way…
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Govt raises withholding tax rate for non-filers
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[ad_1] A representational image of taxes. — AFP/File To encourage people to file taxes, the Federal Board of Revenue (FBR) has increased the withholding tax rate for non-activate tax filers or those not on the Active Taxpayers List (ATL). According to a Wednesday circular, non-ATL filers will be taxed Rs303 for a bank withdrawal of Rs50,500.…
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NEPRA okays govt request for power tariff hike | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday approved the government’s request for increasing the basic electricity tariff by up to Rs7.5 per unit. According to a Nepra spokesperson, the notification of the decision had been sent to the federal government. The price hike has already been approved by the federal cabinet…
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Petroleum dealers, govt agree on margins after marathon talks | The Express Tribune
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[ad_1] KARACHI: After an intensive 7-hour negotiation session at PSO House in Karachi on Monday evening, the second round of talks between the Pakistan Petroleum Dealers Association and the government regarding margins on petroleum products has reached a successful conclusion. Sources close to the matter revealed that following mutual consent, the agreement has been officially…
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Govt shocks nation with massive power tariff hike
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[ad_1] A technician fixes new electricity meters at a residential building in Karachi, Pakistan, in this undated photo. — AFP/File ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Saturday received the federal government’s nod for a massive hike of up to Rs7.50 per unit in the base tariff of electricity against the national average…
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Govt cuts petrol by Rs9 per litre for next fortnight
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[ad_1] Finance Minister Ishaq Dar is announcing the new fuel prices in this still taken from a video on Saturday, July 15. — YouTube/GeoNews The federal government on Saturday announced a reduction in the fuel prices for the next fortnight amid appreciation in the value of local currency against US dollar. Finance Minister Ishaq Dar…
