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Nepra notifies Rs1.90 per unit increase in power tariff for May
ISLAMABAD: National Electric Power Regulatory Authority (Nepra) notified an increase of Rs 1.90 per unit in electricity prices on account of fuel charges adjustment (FCA) for month of May 2023. Central Power Purchasing Authority (CPPA) had soug...
Assessing options amid end of concession agreement with KPT: PICT
Karachi: Pakistan International Container Terminal (PICT) engaged in providing container terminal management services said it is carefully assessing options amid expiry of concession agreement with Karachi Port Trust (KPT). Agreement ended on June 17...
Dealers threaten countrywide closure of petrol pumps from July 22
KARACHI: Petroleum Dealers Association (PDA) announced shutting down of petrol pumps across country from coming July 22. PDA Chairman Abdul Sami Khan said that Iranian petrol was being smuggled into country due to which profit rate of dealers had dec...
Super Tax: IHC says Section 4C 'as it stands now' ultra-vires Constitution
Islamabad: Islamabad High Court (IHC) approved petitions filed by various companies and organisations and declared section 4C (Super Tax on High Earning Persons) of Income Tax Ordinance 2001, "As it stands now", ultra-vires Constitution. Verdict whic...
Pakistan, Azerbaijan to boost cooperation in IT, telecom sector
ISLAMABAD: Delegation of Azerbaijan led by Minister of Digital Development and Transport Rashad Nabiyev called on Minister for IT and Telecommunication Syed Amin Ul Haque here. Federal Minister for IT welcomed delegation on arrival in Ministry...
China rolls over another $600mn loan to Pakistan: PM
ISLAMABAD: Prime Minister Shehbaz Sharif informed that Exim (Export-Import) Bank China had rolled over another $ 600 million loan to Pakistan helping further increase country's foreign exchange reserves. "Our forex reserves are going up but I wish th...
Pakistan's economy in safe zone: Finance Minister
ISLAMABAD: Finance Minister Ishaq Dar said Pakistan's economy is in safe zone as annual current account deficit decreased to 2.56 billion dollars in last fiscal year. In video message, he pointed out that current account deficit was 17.4 billion doll...
CPEC gives economic dimension to China-Pakistan relationship: Ahsan
ISLAMABAD: Minister for Planning and Development Ahsan Iqbal said China Pakistan Economic Corridor has given economic dimension to China-Pakistan relationship. Addressing seminar here, he said that corridor project shifted Pakistan's focus from geo p...
PM Shehbaz telephones Sri Lanka President, discuss current economic situation
ISLAMABAD: Prime Minister Shehbaz Sharif telephoned Sri Lankan President Ranil Wickremesinghe and discussed with him matters relating to current economic situation of both countries. He thanked Sri Lankan President for supporting Pakistan with regard...
Banking Mohtasib provides Rs 3bn relief to customers during 4 years
ISLAMABAD: Banking Mohtasib has provided monitoring relief worth over Rs 3 billion during April 2019 to July 2023 to banking customers by disposing of total of 106,486 cases. Performance of institution was discussed as Banking Mohtasib Muhammad Kamra...
