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Khaleeq KianiDawn Business |
• Lender sanctions mere Re1 reduction in power rates, much lower than govt claim of Rs8 per unit relief • Proposed easing of electricity costs may...
ISLAMABAD: The government informed a parliamentary panel on Wednesday that about Rs3.5 trillion in savings had been secured through revisions to power...
ISLAMABAD: The government informed a parliamentary panel on Wednesday that about Rs3.5 trillion in savings had been secured through revisions to power...
• Pakistan, lender reach staff-level agreement on Extended Fund Facility review, another $1.3bn secured for climate resilience • About Rs7 cut in...
ISLAMABAD: As a formal feasibility study confirmed more than $60 billion worth of copper and gold reserves at the Reko Diq project in Balochistan at...
• March outlook says economy demonstrating stability on fiscal and external fronts • Sugar exports witness over 1,800pc increase in July-Feb,...
ISLAMABAD: The Ministry of Finance is inducting six professionals from the market to operationalise the Tax Policy Office (TPO), which will directly...
ISLAMABAD: The National Highway Authority (NHA) on Sunday said its gross profit was declining continuously over the past three years as the pace of...
• PM reiterates package to reduce electricity tariffs ‘set to be announced soon’ • Official says govt needs to do a lot on ‘legal,...
ISLAMABAD: The country’s two major petroleum stakeholders — the Oil and Gas Regulatory Authority (Ogra) and all five oil refineries — are at...
ISLAMABAD: Pakistan is working on special electricity tariffs to attract crypto mining and blockchain-based data centres, aiming to utilise surplus...
ISLAMABAD: Taking about Rs92 billion liability on the public purse, Pakistan on Friday approved phasing out of the Rs330bn subsidised export financing...
• Senate panel questions delay in submitting list of beneficiaries, seeks report • Calls for transparency in flood rehabilitation projects in...
ISLAMABAD: The Indus River System Authority (Irsa) has called back-to-back meetings of its technical and advisory committee on March 25 and 26 for...
ISLAMABAD: The Pakistan Business Forum (PBF) has called for reduction in general sales tax (GST), elimination of super tax and fixed tax for traders...
ISLAMABAD: The Central Development Working Party (CDWP) on Tuesday cleared six projects with an estimated cost of Rs151.32 billion. A meeting of...
ISLAMABAD: The two state-owned entities — Oil and Gas Development Company Ltd (OGDCL) and Mari Energies Ltd (MEL) — on Monday announced separate...
ISLAMABAD: With its net deficit for the fiscal year 2024-25 going beyond Rs318 billion, the aggregate losses and loans of the National Highway...
ISLAMABAD: Amid a 3.3 per cent decline in electricity consumption in February over the last year, the public sector power distribution companies...
• No additional revenue measures imposed; fiscal targets to be maintained through expenditure control • MEFP still being finalised ahead of...
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has ordered K-Electric to refrain from penalising paying customers by interrupting...
• ECC slashes solar net-metering buyback rate by almost two-thirds, ends net billing • Under new framework, consumers to sell at Rs10, buy at...
ISLAMABAD: The prices of all petroleum products are estimated to fall by up to Rs14 per litre for the next fortnight, ending March 31, owing to...
ISLAMABAD: Despite enabling legislation passed by all the four provincial assemblies on agriculture income tax (AIT), ongoing review talks with the...
• Ahsan asks diplomats, EAD to liaise with Chinese for technical, financial assessment of Main Line-1 rail link ISLAMABAD: Planning Minister...
• ‘Grid levy’ to witness multiple hikes till Aug 2026 amid bid to discourage use of natural gas • Insiders say Fund unhappy with Discos’...
• Reject ‘Take or Pay’ clause, say it benefits refineries at their expense • Move comes as fuel prices expected to see major cut this weekend...
• Reject ‘Take or Pay’ clause, say it benefits refineries at their expense • Move comes as fuel prices expected to see major cut this weekend...
ISLAMABAD: At the conclusion of technical talks with the International Monetary Fund (IMF), Pakistan has proposed no additional taxation measures,...
ISLAMABAD: Following the recent visits of ‘President Trump’s advisers for digital assets’, the Ministry of Finance appears to have left the...
ISLAMABAD: Pakistan’s industrial sector is paying almost double the electricity prices compared to China, India and the United States, and even...
ISLAMABAD: Pakistan on Monday assured major international lenders, including the International Monetary Fund, World Bank, and Asian Development Bank,...
• Nine-member Fund mission begins first biannual review of $7bn Extended Fund Facility • Govt hopes for successful completion of talks, release of...
ISLAMABAD: The profitability of Oil and Gas Development Company Limited (OGDCL) — the country’s largest producer — plunged 33pc in the first...
ISLAMABAD: The government on Friday reduced the prices of all petroleum products by up to Rs5.31 per litre with immediate effect for the next...
ISLAMABAD: While playing down falling industrial production and revenue shortfalls in the first seven months (July-January) of 2024-25, the government...
• Recommends measures to prevent construction near waterways, forests • Seeks plans for energy-efficient buildings in urban, rural areas •...
ISLAMABAD: To meet a structural benchmark set by the International Monetary Fund (IMF), the Ministry of Planning and Development has released policy...
• Costs reduced through termination of contracts; tariff revision of bagasse and thermal plants • Talks in progress with 45 public sector power...
ISLAMABAD: The All Pakistan Petroleum Dealers Association (APPDA) on Sunday threatened a nationwide strike in protest against the government’s...
• Fund’s team to engage with key ministries, FBR, disaster agencies, provincial govts • Policy review to follow next week to assess govt’s...
ISLAMABAD: The government has extended the contract of Oil and Gas Regulatory Authority (Ogra) chairman Masroor Khan for a year, effective Feb 23,...
ISLAMABAD: The Central Development Working Party (CDWP) cleared 15 development projects on Friday, with an estimated cost of Rs69.275bn. While...
ISLAMABAD: The Central Monitoring Unit (CMU) of the federal government has deplored disproportionate presence of non-professional and non-independent...
ISLAMABAD: The Ministry of Finance (MoF) on Wednesday reported the aggregate losses of the state-owned enterprises (SOEs) at Rs851 billion during...
ISLAMABAD: Amid a 66 per cent plunge in foreign inflows in the first half of FY25, the Economic Affairs Division (EAD) blocked the release of monthly...
ISLAMABAD: Following a botched attempt, the government has moved the privatisation of Pakistan International Airlines (PIA) to the second phase and...
ISLAMABAD: Top officials of the National Electric and Power Regulatory Authority (Nepra) have significantly increased their remunerations, without...
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday approved Pakistan’s membership to the New Development Bank (NDB) set...
ISLAMABAD: After decades of lapses, the government on Friday took the first step to separate tax policy from revenue administration and notified the...
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