ISLAMABAD: The International Monetary Fund (IMF) has raised concerns over Pakistan’s decision to grant tax exemptions and subsidies on imported sugar. According to news, which cited sources on Tuesday, the IMF warned that these measures could jeopardize the ongoing $7 billion loan program. According to official sources, the IMF has opposed the government’s plan to … Read more
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has expressed concerns on the difference in the retail and wholesale prices of pulses in the country. Tarin, while presiding over the meeting of the National Price Monitoring Committee (NPMC), on Wednesday directed the Ministry of NFS&R to investigate and take appropriate action against the exploiters … Read more
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday allowed urea import of 50,000 tonnes from China. Federal Minister for Finance and Revenue Shaukat Tarin presided over the meeting, where a summary for the import of urea from China was tabled by the Ministry of Industries and Production. The committee tasked the Trading … Read more
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved the summary presented by the Ministry of Commerce on Textile and Apparel Policy 2020/25 with the directives to incorporate inputs of the Federal Board of Revenue (FBR) and the Finance Division and meet the observations of the Power Division. Federal Minister for Economic Affairs Omar … Read more
A consignment of 28,760 metric tonnes of imported sugar has reached Pakistan. It has been imported for utility stores. According to a spokesperson of the Trading Corporation of Pakistan (TCP), the second ship will reach Karachi carrying 28,840 metric tonnes of sugar. According to sources in the Trading Corporation of Pakistan, sugar has been purchased … Read more
KARACHI: It seems this year’s corporate result announcement season will not be fortunate for the sugar mills as increased regulation and taxes on the commodity sales would further impact the books of already depressed mill owners. Four sugar mills posted financial results for the nine-month period ended June 30, 2021 on Tuesday, which do not … Read more
