Tribune
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WHT agents to directly deposit tax in govt account | The Express Tribune
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[ad_1] ISLAMABAD: To prevent withholding tax (WHT) evasion and promote documentation, the federal government has decided to make it mandatory for withholding agents to immediately and directly deposit the tax collected from suppliers of goods and services in national coffers. The Federal Board of Revenue (FBR) has developed a swift payment receipt system for immediately…
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PTA alerts public on phishing scams | The Express Tribune
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[ad_1] ISLAMABAD: The Pakistan Telecommunication Authority (PTA) issued a warning on Friday about phishing and fraudulent links circulating on Whatsapp, social media, and through text messages. These deceptive messages falsely claim to be associated with PTA’s Device Identification Registration & Blocking System (DIRBS). The scam messages purport to convey official communication, alleging the user’s SIM…
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Azhakhel dry port still not properly running | The Express Tribune
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[ad_1] PESHAWAR: Traders have complained that goods exporters are compelled to send their consignments through private trucks by paying additional fares, which is inflicting a heavy financial burden on them. A delegation of businessmen from Khyber-Pakhtunkhwa called on the newly appointed Collector Customs Appraisement Amjadur Rehman for discussion over issues creating hurdles in the way…
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Shipping firms impose extra fees on trade | The Express Tribune
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[ad_1] OSLO/PARIS: Some of the world’s largest shipping firms, including Maersk and CMA CGM, will impose extra charges after they re-routed ships in response to attacks on vessels in the Red Sea, as worries about disruption to global trade grow. The surcharges, designed to cover longer voyages around Africa compared with routes via the Suez…
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RLNG prices hiked by 10% for Dec | The Express Tribune
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[ad_1] ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced a significant uptick in the prices of re-gasified liquefied natural gas (RLNG), registering an increase of up to 10.11% for the month of December 2023 compared to the preceding month. This adjustment, according to OGRA, is primarily linked to a notable surge in the…
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‘Turkey’s intl debt sales could hit record in 2024’ | The Express Tribune
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[ad_1] LONDON: Turkey’s pivot back to orthodox fiscal policies could pay off with record debt issuance and the continued return of foreign investors in 2024, JPMorgan Managing Director Stefan Weiler told Reuters. International investors had fled Turkey amid years of low interest rates, despite soaring inflation, as well as a complex web of financial regulations…
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China’s emissions to surpass 4 billion MT | The Express Tribune
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[ad_1] COLORADO: China’s power sector emissions of carbon dioxide (CO2) and equivalent gases will surpass 4 billion metric tonnes for the first time in a calendar year in 2023, as the country cranks up coal-fired electricity output to new highs. China’s total emissions from fossil fuel-powered electricity generation hit 3.99 billion tonnes through October, marking…
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Energy imports drop 13% to $1.42 billion in Nov | The Express Tribune
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[ad_1] KARACHI: Pakistan experienced a 13% decline in overall energy imports, reaching $1.42 billion in November 2023, shedding light on subdued demand for petroleum, oil, and gas products. Economic activities remained lacklustre due to sluggish growth, and the recent surge in product prices has hampered purchasing power across various sectors. The diminishing demand for products,…
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Govt to phase out export financing | The Express Tribune
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[ad_1] ISLAMABAD: After giving it for 50 years, the government on Wednesday pulled the plug on a hidden export subsidy scheme and approved its transfer to the federal budget but rejected a proposal to increase the wheat support price to Rs4,000 per 40 kg. The Economic Coordination Committee (ECC) of the cabinet, which made those…
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World Bank approves $350m package | The Express Tribune
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[ad_1] ISLAMABAD: The World Bank greenlit a $350 million package for Pakistan’s budget financing, highlighting the need for fiscal and structural reforms. This move comes amid concerns raised by the World Bank’s board members over Pakistan’s low tax collection relative to the size of its economy. The World Bank’s Board of Executive Directors unanimously approved…
