sector
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Every sector bound to contribute to boost revenue, says FinMin in post-IMF visit presser
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Finance Minister Muhammad Aurangzeb addresses the press conference in Islamabad, Novemeber 17, 2024. — Screengrab via YouTube/Geo News ISLAMABAD: After the International Monetary Fund (IMF) mission — led by Nathan Porter — concluded its visit to Pakistan, Finance Minister Muhammad…
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Independent multiplayer market for power sector gets CCoE go-ahead
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Prime Minister Shehbaz Sharif chairs a meeting of Cabinet Committee on Energy in Islamabad on October 9, 2024. — PID ISLAMABAD: As the ruling coalition doubles down on its efforts to reduce all-time high tariffs, the Cabinet Committee on Energy…
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Sindh governor backs manufacturing sector | The Express Tribune
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KARACHI: Sindh Governor Kamran Tessori has reaffirmed his commitment to supporting initiatives that promote the growth of the manufacturing sector and contribute to the country’s economic development. During a visit to the Indus Motor Company (IMC) plant, Tessori praised the…
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Govt forms task force for urgent power sector overhaul | The Express Tribune
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Following widespread protests over skyrocketing electricity bills, Prime Minister Shehbaz Sharif has announced the formation of a task force to implement structural reforms in Pakistan’s power sector, according to media reports. The task force aims to alleviate the financial burden…
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Capacity charges are just the tip of Pakistan’s power sector iceberg | The Express Tribune
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Pakistan’s power sector woes are a hot topic, often attributed to capacity charges as the primary cause of circular debt and high electricity costs. However, the reality is far more complex. The public’s lack of exposure to the true causes…
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Govt mulls ending free electricity for public sector, officials | The Express Tribune
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ISLAMABAD: The government is considering ending the provision of free electricity to government officials and agencies, according to sources from the power division. The federal government, under severe public and political pressure, has decided in principle to work on an…
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Oil, gas exploration sector announces $5 billion investment in Pakistan
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A general view of oil drilling equipment on federal land near Fellows, California, U.S., April 15, 2023. — Reuters ISLAMABAD: Reposing full trust in Prime Minister Shehbaz Sharif-led government’s pro-investor policies, a group of Oil and gas exploration and production…
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Retail sector advocates sustainable tax policies | The Express Tribune
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ISLAMABAD: In a crucial meeting with the Senate finance committee, representatives of the Pakistan Retail Business Council (PRBC) presented their point of view against the proposed increase in sales tax from 15% to 18% on Point of Sales (POS)-connected retailers….
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‘New taxes will cripple IT sector’ | The Express Tribune
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KARACHI: The budget for fiscal year 2024-2025 burdens the skilled salaried class with higher income taxes, which can lead to a massive brain drain, exacerbating the current situation, hindering the growth of the Information Technology (IT) sector, and potentially destroying…
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Govt proposes Rs267 billion for various ongoing, new power sector schemes
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A lower view of a transmission tower in Pakistan. — AFP/File The government has allocated an amount of Rs267,952.773 million for various ongoing and new schemes of power sector in annual public sector development programme (PSDP) for year 2024-25. According…
