Category: Business

ISLAMABAD: The government on Monday defended its recent decision to increase petroleum prices by up to 6.45 per cent, saying the Oil and Gas Regulatory Authority (Ogra) had proposed double the price increase, but that was not fully passed on to consumers. Finance Minister Asad Umar spoke to journalists at a function organised by the State Bank […]

KARACHI: The sales tax collection by the Sindh Revenue Board (SRB) recorded a growth of around 9 per cent to Rs70 billion during first three quarters of 2018-19 from Rs64bn in the corresponding period last year. This increase was despite the suspension of sales tax collection on pre-paid and post-paid cellular phone services by the […]

ISLAMABAD: The government on Sunday increased prices of all petroleum products by up to 6.45 per cent for the month of April as the international crude price inched up by less than 2pc over the last month. Petrol and diesel prices were increased by Rs6 per litre while kerosene and light diesel oil (LDO) were […]

The Federal Board of Revenue (FBR) has extended the date of filing of income tax statements for the tax year 2018 till April 30, a press release announced on Monday. The date of filing of returns for companies, individuals and association of persons is also extended to April 30. According to the FBR, the decision has been […]

For the third year in a row, equity investors have been left to fend for themselves. There is despondency in the air. One finds sullen faces in the trading hall, narrating tales of their never-ending losses. Mukhtar Ali, a man in his late 50s, has been living off capital gains and dividends for years. He […]

IT will take at least a year to implement the new National Aviation Policy 2019. The policy is projected to help spur growth of the domestic aviation industry, attract private investment for the management and development of new airports, and help revive the struggling national carrier. It hopes to accomplish its aim through a reversal […]

ISLAMABAD: The National Database and Registration Authority (Nadra) has processed digitisation of 499,040 applications for the Naya Pakistan Housing Scheme. There is a shortfall of over 10 million houses in the country and every year the backlog is increasing. The present government intends to promote access to housing to people of Pakistan and has launched the scheme […]

The agriculture sector is in trouble. The government admits that the sector cannot grow more than 1.9 per cent in the current fiscal year. We know that because the government shared this number with the media after the recent approval of the 12th five-year plan. It also envisages 4pc economic growth for this year. Towards […]

LAHORE: Development schemes worth billions of rupees are being approved for South Punjab reportedly on the recommendation of Chief Minister Usman Buzdar, or simply because of the realisation that this is the priority area for the PTI provincial set-up. The schemes are being approved in the meetings of the standing committee of the cabinet on […]

LAHORE: As water flows increase with the onset of summer, the Neelum Jhelum hydropower project (NJHP) touched its maximum generation capacity of 969 megawatt once again on Friday. All four units have started running on full load (installed capacity) of 242.25 megawatt each. The project had started operation with the commissioning of its first unit […]