govt
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‘Govt committed to enhancing cotton industry’ | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Industries, Production, and National Food Security, Rana Tanveer Hussain, on Thursday reiterated the government’s commitment to promoting the cotton industry. He made this statement while addressing the meeting of the Pakistan Central Cotton Committee (PCCC)’s governing body, according to a news release. The minister stressed that Pakistan’s economy heavily relies…
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Govt okays first phase of ML-I project | The Express Tribune
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[ad_1] ISLAMABAD: Just hours before dispatching special envoys to Beijing with the energy debt restructuring proposal, Pakistan on Tuesday approved the $3.3 billion worth of first phase of the Mainline-I (ML-I) project. With the green light to the first phase of the largest China-Pakistan Economic Corridor (CPEC) project costing a total of $6.7 billion, the…
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Petroleum dealers end strike as govt ‘accepts’ demands
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[ad_1] Motorcyclists waiting for their turn to fill fuel in their bikes at a petrol pump on May 16, 2024. —APP In a major development, Pakistan Petroleum Dealers Association (PPDA) late Friday night called off their strike after successful negotiation with the federal government. Petrol pumps across the country on Friday observed partial strike as…
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Govt debt soars to Rs67.8tr in May | The Express Tribune
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[ad_1] ISLAMABAD: Despite a stable rupee, the federal government’s debt rose sharply to Rs67.8 trillion in May, marking one of the most rapid increases in any month, with an average of Rs56 billion per day added to the debt pile. The State Bank of Pakistan (SBP) reported on Friday that the federal government’s total debt,…
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Govt holds telecom projects’ funds | The Express Tribune
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[ad_1] ISLAMABAD: As the federal government holds back around Rs60 billion collected from telecom operators for the Universal Service Fund (USF), the delay in release of funds has put at stake telecom development projects in unserved, underserved, rural and remote areas of the country. USF is meant to be utilised for providing access to telecommunication…
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CPI inflation picks up in June in line with govt, market consensus
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[ad_1] Women buy groceries at a wholesale market in Lahore’s Akbari Market. — Online/File In line with market and government expectations, the country’s headline inflation edged higher to 12.6% year-on-year (YoY) in June, compared to 11.8% in May, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. According to the PBS…
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Govt hikes petrol price by Rs7.45 per litre
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[ad_1] Employees at a fuel station wait for customers in Islamabad on February 16, 2022. — AFP The petrol price in Pakistan has been hiked by Rs7.45 per litre from Rs258.16 to Rs265.61 for the next fortnight in line with the fluctuation in the global oil rates, according to an official announcement on Sunday. The…
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Govt asked to swiftly develop digital infrastructure | The Express Tribune
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[ad_1] LAHORE: Pakistan should take solid steps to bolster reforms related to the market-oriented allocation of data elements and speed up the construction of digital infrastructure, including industrial internet and computing power networks, stated Moazzam Ghurki, President of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI). These steps should be part of the broader…
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Shehzad Roy expresses gratitude to govt for removal of taxes on books
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[ad_1] Pakistani singer, guitarist and social activist gestures for a photograph. — Facebook/Shehzad Roy/File Pakistani singer and social activist Shehzad Roy has expressed gratitude to the Finance Minister Muhammad Aurangzeb for removing sales taxes from books in the federal Budget 2024-25, Geo News reported on Tuesday. “Speaking up makes a difference. Earlier, it (speaking up) was feared, however,…
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Govt cuts proposed PSDP down to size | The Express Tribune
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[ad_1] ISLAMABAD: Hours before its approval by the National Assembly, the government has decided to cut the proposed Public Sector Development Programme (PSDP) of Rs1.4 trillion by Rs250 billion in a bid to create fiscal space for withdrawing some taxes without jeopardising the expected International Monetary Fund (IMF) deal. Government sources told The Express Tribune…
