sector
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Retail sector to set up outlets abroad | The Express Tribune
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[ad_1] LAHORE: Welcoming the organised retail sector’s endeavours to expand in the international arena, caretaker Federal Minister of Industries and Production Gohar Ejaz has assured them of maximum policy support as the sector plans to boost exports through e-commerce and setting up outlets abroad. In a meeting with a high-level delegation of the Chainstore Association…
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How to reduce people’s misery in energy sector | The Express Tribune
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[ad_1] ISLAMABAD: It does not require any elaboration that people are suffering from high inflation, especially in the energy sector. There are both supply and pricing issues. It is also known that heavy currency devaluation and international commodity crisis in the context of Ukraine conflict have, in large part, contributed to these problems. The problems…
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Power sector faces Rs470b loss | The Express Tribune
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[ad_1] ISLAMABAD: During a parliamentary committee meeting on Tuesday, it was revealed that the power sector in Pakistan has incurred a staggering loss of Rs470 billion due to a lack of cooperation from the provinces. The meeting, presided over by Senator Saifullah Abro at the Parliament House, focused on discussing the generation and distribution of…
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Telecom sector for tackling ‘digital emergency’ | The Express Tribune
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[ad_1] ISLAMABAD: The telecom industry has urged the new caretaker government to address the prevailing “digital emergency” and stop the country’s advance towards a “digital catastrophe”. The industry is looking at caretaker IT and Telecom Minister Dr Umar Saif with hope that he will be able to tackle the digital emergency and avert the threat…
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Near-term external sector issues resolved | The Express Tribune
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[ad_1] KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad has said that the nine-month, standby arrangement agreed with the International Monetary Fund (IMF) has improved foreign currency reserves of the country and largely resolved near-term issues pertaining to external sector of the economy. Addressing a flag-hoisting ceremony to mark the 76th Independence Day at…
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Miftah Ismail stresses need to tax real estate sector
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[ad_1] Former finance minister Miftah Ismail addressing a press conference. — APP/File Former finance minister Miftah Ismail said Saturday that there was a need to impose taxes on the real estate sector to generate more revenue for the country and ensure that prices of properties do not inflate. “Real estate is a big sector for…
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Fertiliser sector shifts impact of duties, taxes | The Express Tribune
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[ad_1] KARACHI: The fertiliser sector has shifted the weight of duties and taxes onto consumers by raising prices of urea and di-ammonium phosphate (DAP). In the Finance Bill 2023, the fertiliser sector has faced the imposition of taxes and duties, which have now been passed on to consumers. Federal excise duty (FED) was set at…
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Auto sector shows signs of recovery amidst YoY decline | The Express Tribune
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[ad_1] KARACHI: Pakistan witnessed a glimmer of hope in the auto sector as automobile sales in May 2023 recorded a month-on-month recovery of 19%. However, it is crucial to note that this improvement comes with a staggering year-on-year decline of 77%. The Pakistan Automotive Manufacturers Association (PAMA) report revealed that approximately 5.3 thousand units were…
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Juice sector demands withdrawal of 10% FED | The Express Tribune
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[ad_1] KARACHI: The juice industry is in dire straits as packaged juice volumes have plummeted by 45% following the government’s implementation of a 10% Federal Excise Duty (FED). Industry stakeholders are now calling for the withdrawal of this tax, expressing concerns about its detrimental impact on the sector and the rural economy. The government introduced…
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Power sector a mess that requires reforms | The Express Tribune
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[ad_1] ISLAMABAD: A research study has pointed out several flaws in the power sector of Pakistan and urged the government to adopt swift governance and policy reforms as well as develop business models to boost renewable energy and liberalise energy market through deregulation and privatisation. In a report published recently, the Institute of Policy Studies…
