RIYADH: Bahrain’s parliament on Wednesday approved plans to increase value-added tax to 10 per cent from the current 5 per cent, according to Reuters. The Cabinet referred last September a draft law to the parliament, to decide on increasing VAT starting Jan. 1, 2022. The legislators discussed earlier this year the options of reducing wages or social … Read more
PARIS: The head of the International Energy Agency on Wednesday called on Opec and its allies to take measures to help bring oil prices down to “reasonable levels”. “I very much hope to see in the next meeting or meetings they… make the necessary steps in order to comfort the global oil markets and help … Read more
The present government has provided maximum relief to the people in the prices of petroleum products despite the financial difficulties and the rise in international oil prices and even now Pakistan has lower oil prices than other countries in the region. According to sources in the Petroleum Division, the present government has been trying not … Read more
