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Businessmen oppose real estate tax hike | The Express Tribune
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[ad_1] ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir has said that the construction industry plays a key role in the country’s economic development, but high taxes imposed on the real estate and construction sector will badly affect business activities and cause harm to the economy. Speaking at a meeting of…
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K-Electric seeks Rs11.3 per unit tariff hike | The Express Tribune
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[ad_1] ISLAMABAD: K-Electric has requested the National Electric Power Regulatory Authority (Nepra) to increase its power tariff by Rs11.33 per unit on account of fuel cost adjustment forMay 2022. The major impact on the fuel cost adjustment for May came from the increase in the price of furnace oil and electricity purchased from the Central…
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NEPRA approves tariff hike of Rs1.55 | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved an increase of Rs1.55 per unit in power tariff on account of quarterly adjustment. Power distribution companies (DISCOs) will recover Rs39 billion from the consumers following the tariff revision. The regulatory authority, in a decision on Thursday, allowed an increase in power tariff on…
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Indian rupee hits record low on rate hike worries | The Express Tribune
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[ad_1] MUMBAI: The Indian rupee plunged to a record low against the dollar on Monday, ahead of an expected US interest rate hike this week, aimed at fighting surging inflation. The rupee hit 78.2825 per dollar for the first time as a forecast-beating US inflation report on Friday heightened prospects for a further tightening of…
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Business leaders slam petroleum price hike | The Express Tribune
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[ad_1] ISLAMABAD: Businessmen have denounced the government for making a massive hike of Rs60 per litre in prices of petroleum products within a week, calling it unprecedented and a very harsh decision that will unleash a new wave of inflation and cause a big increase in the cost of doing business. Islamabad Chamber of Commerce…
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Oil rises despite OPEC+ output hike plan | The Express Tribune
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[ad_1] NEW YORK: Oil rose on Friday, supported by expectations that OPEC’s decision to increase production targets by slightly more than planned won’t much affect tight global supply and by rising demand as China eases Covid restrictions. The Organisation of the Petroleum Exporting Countries and allies, known as OPEC+, on Thursday agreed to boost output…
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Power tariff hike jolts business circles | The Express Tribune
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[ad_1] KARACHI: The business community in Karachi has expressed concern over the hike in electricity base tariff at the behest of the International Monetary Fund (IMF). “We totally reject the unlawful increase in electricity base tariff by Rs7.90 per unit announced by the National Electric Power Regulatory Authority (Nepra),” said Karachi Chamber of Commerce and…
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Stocks dive over hike in T-bills yield | The Express Tribune
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[ad_1] Market watchStocks dive over hike in T-bills yieldBenchmark KSE-100 index sheds 518.13 points to settle at 42,237.91OUR CORRESPONDENTKARACHISelling pressure gripped the Pakistan Stock Exchange on Thursday, following an increase in treasury bill yields by 75 basis points to 15.25% and predictions of a further hike in the policy rate.Pushed by these developments, the bourse…
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NEPRA approves tariff Rs3.99 hike | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) indicated on Tuesday an increase of Rs3.99 per unit in power tariff on account of fuel cost adjustment (FCA) for April 2022. The decision would place an additional burden of Rs51 billion on the power consumers. The decision would not apply to the K-Electric consumers and…
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Businessmen denounce fuel price hike | The Express Tribune
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[ad_1] ISLAMABAD: Businessmen have slammed the government’s decision to make a massive hike of Rs30 per litre in prices of petroleum products, which is the highest-ever increase in one go. They termed it a very harsh decision that would unleash a new wave of inflation in the country and cause a hefty increase in the…
