govt
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Govt imposes 10% regulatory duty on import of motor spirit
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[ad_1] The Federal Board of Revenue imposes 10% regulatory duty on import of motor spirit. — AFP/file ISLAMABAD: The federal government on Thursday imposed a 10% regulatory duty on the import of motor spirit — a transparent, petroleum-derived liquid that is used primarily as a fuel in internal combustion engines. The regulatory duty on the motor…
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Balochistan govt unveils budget with total outlay of over Rs612 billion
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[ad_1] Balochistan Finance Minister Sardar Abdul Rehman Khetran address the provincial budget session at the Balochistan Assembly in Quetta, on June 21, 2022. — YouTube/PTV QUETTA: The Balochistan government Tuesday unveiled the budget with a total outlay of over Rs612 billion for the fiscal year 2022-23. In his speech at the provincial assembly, Balochistan Finance…
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Dollar crosses 210-mark in interbank as govt struggles to reach IMF deal
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[ad_1] A forex dealer cunting currency notes in this file photo. KARACHI: The rupee declined further in the interbank market amid a delay in the signing of the deal with the International Monetary Fund (IMF) and was traded at 210.19 on Monday during the intraday trade, according to the Tresmark. It ended at 208.75 on…
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Govt urged to control ‘dollarisation’ | The Express Tribune
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[ad_1] LAHORE: Pakistan cannot afford a “dollarised” economy, therefore, the government should control dollar flight without any further delay, said Lahore Chamber of Commerce and Industry (LCCI) President Mian Nauman Kabir. “Dollarisation is a situation when the local currency loses its stability as a medium of exchange due to hyperinflation or instability and the same…
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‘No more loss’: Govt hikes petrol price to Rs233.89
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[ad_1] ISLAMABAD: Finance Minister Miftah Ismail announced Wednesday that the government has decided to jack up the price of petrol from Rs24.03 to Rs233.89 per litre. “The [government] will now bear no more losses on petroleum products,” the finance minister said during a press conference, asking the masses to bear the burden for a few…
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Govt inks $197.5m debt suspension agreements | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Wednesday signed two debt service suspension agreements amounting to $197.49 million under the G-20 Debt Service Suspension Initiative (DSSI). The government of Pakistan has signed agreements with the Japan International Cooperation Agency (JICA) and the government of Swiss Confederation, said a press release. Around $91.60 million was owed to JICA during…
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Govt once again drops ‘petrol bomb’ | The Express Tribune
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[ad_1] The coalition government led by Pakistan Muslim League-Nawaz (PML-N) has once again increased the prices of petroleum products by up to Rs59 per litre. Price of diesel has been increased by Rs59, petrol by Rs24.03 per litre and kerosene oil by Rs29.50 per litre, Finance Minister Miftah Ismail said while addressing a news conference…
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Punjab govt unveils ‘pro-poor and pro-development budget’
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[ad_1] Finance Minister Punjab Sardar Awais Laghari unveils the budget for the fiscal year 2022-23 at the Aiwan-e-Iqbal, on June 15, 2022. — Screengrab via YouTube/PTV LAHORE: The Hamza Shahbaz-led Punjab government unveiled a Rs3.226 trillion budget for the fiscal year 2022-23 after a delay of two days as the initial sessions could not take…
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Govt mulls doubling toll tax on motorways | The Express Tribune
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[ad_1] ISLAMABAD: The federal government is considering collecting double toll tax on motorways used by single-driver cars to mitigate the energy crisis and the impact of higher fuel prices. It is also mulling over a plan under which vehicles may ply roads on alternative days based on odd and even number plates. The cabinet, in…
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Govt to spend Rs118 billion on connectivity projects | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan government on Friday unveiled a Rs727 billion development programme, with Rs118 billion set aside for new and ongoing connectivity projects under the China-Pakistan Economic Corridor (CPEC), Central Asia Regional Economic Cooperation (Carec) programme and Khyber Pass Economic Corridor (KPEC). Bulk of the funds has been earmarked for road projects along the western…
