govt
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Govt may raise tax on banks | The Express Tribune
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[ad_1] ISLAMABAD: The government may increase the super tax on commercial banks to 7% and also further enhance the additional tax on profits that banks make by extending loans to the cash-starved central government. If both proposals pass the scrutiny and are subsequently approved by the National Assembly, the effective increase in the additional tax…
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Govt increases prices of petrol, diesel by Rs30 per litre again | The Express Tribune
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[ad_1] The prices of petrol and diesel have once again been increased by Rs30 per litre each, with the change set to take effect from 12 midnight. The increase in the prices of the utility was announced by Federal Finance Minister Miftah Ismail while addressing a presser in Islamabad Thursday evening. The price of petrol,…
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Govt asked to set performance indicators for envoys | The Express Tribune
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[ad_1] KARACHI: The business community has urged the government to define key performance indicators (KPIs) for the trade officers deployed in foreign countries. Acting Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Suleman Chawla emphasised that economic diplomacy and efficiency was important in getting the desired results, adding that some peculiar situations must…
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Govt relaxes deadline for PSDP | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif has relaxed the deadline for submission of new projects to accommodate schemes of the coalition government in the new budget – a move that will further thin out fiscal resources and put pressure on the public purse amid looming default. The National Economic Council (NEC) – the constitutional body…
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Govt pitches Rs3.77tr deficit target | The Express Tribune
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[ad_1] ISLAMABAD: The government has pitched the budget deficit target of 4.8% of the total size of economy, or Rs3.77 trillion, to the International Monetary Fund (IMF) for the next fiscal year, which the global lender wants to be adjusted further through a combination of expenditure cuts and additional revenue mobilisation. Further discussions with the…
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Cigarette industry asks govt to curtail illicit brands | The Express Tribune
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[ad_1] ISLAMABAD: Cigarette makers have urged the government to increase the advance tax in the upcoming budget on tobacco processing to discourage sales by the unregistered cigarette brands. In their budget proposals to the Federal Board of Revenue (FBR), the three main tobacco companies have asked it to increase the advance tax from Rs10 to…
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Govt urged to curb food imports | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Businesses Forum (PBF), while terming the ban on imports of luxury items necessary, has stressed the need for taking additional measures to regulate the burgeoning food import bill to support the country’s faltering economy. In a statement, PBF Vice President Ahmad Jawad called on the authorities to control the rising food imports…
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Govt revokes import ban on pet food, energy savers
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[ad_1] Photo: File ISLAMABAD: The federal government Saturday revoked the ban on the import of certain items including pet food and energy savers, according to a notification from the Ministry of Commerce days. The government had on May 19 imposed a ban on the import of non-essential luxury items under an “emergency economic plan” to…
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‘Govt doesn’t rule out oil, wheat import from Russia’ | The Express Tribune
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[ad_1] ISLAMABAD: The Foreign Office on Friday did not rule out the possibility of Pakistan importing oil and food products from Russia, saying the country has an “open policy” driven by the national interest to expand economic and trade relations. “Our policy is clear, you know in terms of expanding economic and trade relations, we…
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Govt jacks up petrol, diesel by Rs30 per litre | The Express Tribune
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[ad_1] The federal government has finally taken a tough decision to increase the petroleum prices by Rs30 per litre, Finance Minister Miftah Ismail announced. New prices will be effective from midnight (today), he added The development came a day after Pakistan and the International Monetary Fund (IMF) failed to reach a staff-level agreement for the…
