govt
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Govt mulls royalty holiday for E&P firms | The Express Tribune
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[ad_1] ISLAMABAD: As Pakistan finds it hard to make pricey liquefied natural gas (LNG) imports, the government is mulling over offering a four-year royalty holiday on offshore drilling to exploration and production (E&P) companies, with high hopes that the incentive will give a significant push to gas production. At present, oil and gas exploration companies…
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Govt eyes $13b package after PM’s China visit | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has got assurances of a $13 billion financial package from China and Saudi Arabia, including $5.7 billion in fresh loans, Finance Minister Ishaq Dar said on Friday in a statement that would help stabilise the reserves and the rupee. The $13 billion package is equal to 38% of the estimated gross external…
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Govt extends income tax returns filing date till Nov 30
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[ad_1] A representational image of the Federal Board of Revenue house in Islamabad.— APP ISLAMABAD: Federal Minister for Finance and Revenue Ishaq Dar Monday announced the government’s decision to extend the income tax returns filing date till November 30. Addressing a press conference, Dar revealed that the decision has been taken keeping in view the…
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Govt keeps petrol price unchanged at Rs224.80 per litre
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[ad_1] Federal Minister for Finance and Revenue Ishaq Dar speaking during a televised address on October 31, 2022. — YouTube Screengrab via PTV News ISLAMABAD: The Government of Pakistan Monday kept the price of petrol unchanged at Rs224.80 per litre ahead of the International Monetary Fund (IMF) review scheduled in November. Federal Minister for Finance…
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Protectionism: Govt slaps up to 500% taxes on imported cars
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[ad_1] Chairman Public Accounts Committee (PAC) Noor Alam Khan chairing a session in this undated photo. — Twitter/NAofPakistan/File ISLAMABAD: The government, pursuing an extreme protectionist approach, has slapped up to 500% more taxes on imported cars to cushion the local car industry from overseas competition. The plan was revealed by Commerce Additional Secretary during a meeting…
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Govt keeps fuel prices unchanged for next 15 days | The Express Tribune
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[ad_1] The federal government on Saturday decided to keep the prices of petroleum products unchanged for the next 15 days. In a statement issued from Washington, Finance Minister Ishaq Dar said he had received a summary from Oil and Gad Regulatory Authority (Ogra) in which a slight reduction in the petrol price was recommended. However,…
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Govt to raise Rs7 trillion through bonds | The Express Tribune
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[ad_1] KARACHI: The government has targeted raising over Rs7 trillion by selling various short and long-tenure sovereign bonds to financial institutions over the next three-month period (October-December). This is in response to the devastation caused by the floods and the need to generate more financing to address its aftershocks. On Wednesday, the government borrowed Rs218.3…
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Govt unveils power subsidy package for export industry | The Express Tribune
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[ad_1] The federal government has unveiled a relief package for the country’s export industry under which subsidised electricity is to be provided at Rs19.89 per unit. Addressing the media in Islamabad after holding talks with Pakistan Textile Exporters Association (PTEA) on Thursday, Finance Minister Ishaq Dar said all power distribution companies will provide electricity to…
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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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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)…
