KARACHI: The K-Electric Limited will charge 7.5 per cent advance income tax on monthly electricity bills of over Rs25,000 from July 1 from the customers who are not on the active taxpayers list, the power utility tweeted. The K-Electric has asked the consumers to update their computerized national identity cards (CNICs) against their current account … Read more
ISLAMABAD: Ambassador of Pakistan to Italy Jauhar Saleem has hinted towards starting negotiations on a labour and labour force import agreement with Italy for providing more opportunities to the local skilled youth to get employment in the competitive Italian job market. “The agreement is [the] need of the hour for the exchange of legal workforce … Read more
ISLAMABAD: The World Bank Group is preparing its new five-year support programme for Pakistan, the Country Partnership Framework (CPF) for 2022/26 with special focus on structural reforms, health, education, promoting climate-friendly future, inclusive growth, and good governance. During a weeklong visit of the World Bank Vice President for South Asia Hartwig Schafer to Pakistan, which … Read more
DUBAI: Airfares from India and Pakistan have soared exponentially as the UAE residents stranded in these two countries make a beeline to return to the Emirates, Khaleej Times reported. Since the announcement, the ticket prices have increased by at least 50 per cent on all available routes from India and Pakistan to the UAE, travel agents said. … Read more
SHANGHAI: Recalling their first experience in China more than 10 years ago, Pakistani brothers Mian Muhammad Zubair and Habib Ur Rehman said they only knew one thing — future. “China is the future. That was what our father told us. So here we are,” the two, now in their 30s, said with a beaming smile. … Read more
LAHORE: The Cyber Crimes Wing of the Federal Investigation Agency (FIA) Lahore on Saturday arrested journalists Amir Mir and Shafqat Imran for allegedly making snide remarks against senior judges, armed forces and ladies on two YouTube channels, FIA officials seeking anonymity told Bol News. Both men were later released on bail. Investigations, however, will be … Read more
ISLAMABAD: The Policy Committee of the Universal Service Fund (USF) under the Ministry of Information Technology (IT) and Telecommunication has approved the budget of over Rs18 billion for 30 projects for the financial year 2021/22 and directed to release funds. The Policy Committee meeting was chaired by the Federal Minister for IT and Telecommunication, Syed … Read more
KARACHI: The rupee is expected to remain volatile against the dollar next week, owing to the surge in the demand for the dollar for import payments. However, the local currency may get support from the expected inflows from the International Monetary Fund (IMF) by the end of this month. Besides, encouraging inflows of export receipts … Read more
KABUL: Taliban militants assassinated the Afghanistan government’s top media and information officer in Kabul, agencies reported on Friday. Confirming Dawa Khan Menapal, head of the Government Media and Information Centre (GMIC) killing federal interior ministry said “the savage terrorists killed” him during Friday prayers. Spokesperson of the interior ministry quoted as saying Menapal was a … Read more
KARACHI: The National Electric Power Regulatory Authority (Nepra) has notified fuel cost adjustment (FCA) in K-Electric’s consumer tariff for six months, starting January to June 2021, which would increase the electricity rates by a net Rs3.65/kWh, the regulatory authority noted in its determination. However, to facilitate consumers the authority has advised the power utility to … Read more
ISLAMABAD: Federal Finance and Revenue Minister Shaukat Tarin has commended the tax authorities over record revenue collection of Rs413 billion during July 2021, showing a growth of 21 per cent against the set target for the month. Chairing a meeting of the apex committee on broadening the tax base and integration of retail businesses, held … Read more
LAHORE: Broiler farmers have called for reducing the input cost of raising chickens, implementation of the agricultural electricity tariff on poultry farms and snubbing the illegitimate profit being earned by the middle men to provide chicken meat to the masses at reasonable rates. The general sales tax (GST) on the import of soyabean, an important … Read more
KARACHI: The price of 24 karat per tola gold witnessed a decline of Rs300 and was sold at Rs110,300 against the previous rate of Rs110,600 in the local market, Karachi Sarafa and Jewellers Group reported. The price of 10 grams 24 karat gold also decreased Rs258 and was traded at Rs94,564 against Rs94,822, whereas the … Read more
ISLAMABAD: Prime Minister Imran Khan on Thursday directed to finalise the formulation of Tight Gas Policy by the end of September. Tight Gas refers to natural gas reservoirs produced from the reservoir rocks with such low permeability that considerable hydraulic fracturing is required to harvest the well at economical rates. The prime minister issued these … Read more
ISLAMABAD: World Bank Vice President for South Asia Hartwig Schafer in a meeting with Prime Minister Imran Khan on Thursday termed Ehsaas a unique socio-welfare programme and expressed confidence that the Kamyab Pakistan Programme would also prove exemplary. Schaffer told the prime minister that the World Bank was appreciative of Pakistan’s socio-welfare programmes, aimed at poverty … Read more
KARACHI: The production cost of the regasified liquefied natural gas (RLNG)-based electricity generation is estimated to increase over 100 per cent in the current fiscal year, as global liquefied natural gas (LNG) prices are likely to remain elevated for the majority of FY22. “Increased RLNG rates will translate into higher electricity production costs from the … Read more
KARACHI: The rupee gained 24 paisas against the dollar on Thursday due to the improved inflows of export receipts and workers remittances, dealers said. The exchange rate ended at Rs163.23 against the dollar from the previous day’s closing of Rs163.47 in the interbank foreign exchange market. The dealers said sufficient supply of the dollars in … Read more
ISLAMABAD: Pakistan’s goods and services trade with Germany witnessed a surplus of 2.68 per cent during the fiscal year 2020/21, compared with the corresponding period of the last year, the central bank reported. The overall exports to Germany were recorded at $1.511 billion during July-June 2020/21 against the exports of $1.302 billion during July-June 2019/20, … Read more
UNITED NATIONS: As the coronavirus crisis continues to exacerbate restrictions on the government spending throughout the world, UN Secretary-General Antonio Guterres has welcomed the decision by the International Monetary Fund (IMF) to approve a $650 billion allocation of Special Drawing Rights (SDRs) to “boost liquidity”. The UN chief issued a statement on the policy change … Read more
ISLAMABAD: The government will launch the Kamyab Pakistan Programme on August 9, a senior government official said. Chairing a consultative meeting held to finalise the arrangements for the launch of the programme, Federal Minister for Finance Shaukat Tarin said that Prime Minister Imran Khan will launch the government’s largest welfare project. Special Assistant to the … Read more
ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar has vowed to speed-up the pace of projects under the mega China-Pakistan Economic Corridor. He was talking to the newly-appointed Special Assistant to Prime Minister on China-Pakistan Economic Corridor (CPEC) Affairs Khalid Mansoor, who called him. During the meeting, the two leaders discussed priorities in … Read more
ISLAMABAD: Ambassador of China to Pakistan Nong Rong has congratulated Khalid Mansoor on becoming the special assistant to the prime minister on China-Pakistan Economic Corridor (CPEC) Affairs. In a tweet, the Chinese ambassador said: “Congratulations to Khalid Mansoor and look forward to jointly promoting CPEC with high quality development.” He also paid special tributes to … Read more
ISLAMABAD: Pakistan has immense agricultural capacity, which can allow the country to enhance its exports, a government official said. Talking to Ambassador of Argentina in Pakistan Leopold Francisco Sahores, who called on him, Federal Minister for National Food Security and Research Syed Fakhar Imam expressed the hope that the Argentinian private companies would invest in … Read more
KARACHI: Pakistan’s equity market witnessed a mixed session on Wednesday due to the absence of any positive triggers, while increase in the Covid cases kept the market participants away from taking fresh positions, dealers said. Ahsan Mehanti at Arif Habib Corp said that the stocks ended higher led by selected scrips, as investors’ weighed reports … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to equally treat all the oil marketing companies (OMCs), a statement said on Wednesday. FPCCI president Mian Nasser Hyatt Maggo expressed concerns over the unfair practices and treatment to smaller oil marketing companies and said that smooth functioning of the … Read more
ISLAMABAD: Prime Minister Imran Khan on Wednesday directed to formulate a comprehensive plan to reduce dependence on imported plastic scrap. In this regard, he directed to take inspiration from the waste import ban of China. China’s waste import ban, instated in 2017, prevented foreign inflows of waste products. Starting in early 2018, the government of … Read more
Leading actress of the Pakistani film and TV industry, always raising her voice on social issues, Ayesha Omar has demanded from Prime Minister Imran Khan to provide protection to women of the country by having the Domestic abuse and violence bill approved. In a message posted on the social networking site Twitter, Ayesha Omar retweeted … Read more
DUBAI: The Dubai International (DXB) will see a surge in passenger numbers in the “coming weeks and months”, Dubai Airports CEO Paul Griffiths said. The UAE announced on Tuesday that it would allow its resident visa holders stranded in India, Pakistan, Sri Lanka and Nepal to enter the country from August 5. The General Civil … Read more
