A record Rs 3,137 billion was collected from the citizens in the form of levy during the current government, one liter of diesel became expensive by Rs 233 and petrol by Rs 178.66. Government documents show that the current federal government collected a record Rs 3,137 billion in levy, the burden of which was borne… Continue reading Record collection from the public in the form of levy on petroleum
The government has intensified efforts to convince the IMF on the issue of agricultural income tax, while preparations for an alternative plan regarding the targets for collection of agricultural income tax from the provinces have also been started. According to sources, the returns regarding agricultural income tax from the provinces will be awaited till September… Continue reading Government considering imposing income tax on farmers to convince IMF
The Central Power Purchasing Agency has submitted a formal request to NEPRA to increase electricity prices by Rs 2.52 per unit as part of the July fuel price adjustment. According to a NEPRA statement, the hearing on this request has been scheduled for August 27 and if this increase is approved, it will impose an… Continue reading Bad news for electricity consumers; Additional burden of Rs 41 billion is likely
NEW DELHI/SINGAPORE (Reuters) – Oil prices rose on Monday as fading expectations of a U.S.-Iran peace breakthrough and slower tanker traffic through the Strait of Hormuz reinforced geopolitical risk concerns in the market. Brent crude futures rose as much as 1% to $89.40 per barrel and were last trading up 72 cents at $89.20 by… Continue reading Oil rises as US-Iran peace talks stall, Hormuz shipping slows
SINGAPORE (Reuters) – The yen gained momentum against the dollar, largely shrugging off weaker-than-expected Japanese GDP data as traders reined in expectations the Federal Reserve could raise interest rates this year. The yen was 0.2% stronger against the U.S. dollar at 158.965 yen, on track for a second straight day of modest gains against the… Continue reading Yen stronger as traders cut back bets on Fed rate hike
BEIJING/SINGAPORE (Reuters) – Oil prices eased on Thursday after gains in previous sessions, as attention turned to expectations of weaker global oil demand this year, while there was no progress on opening the vital Strait of Hormuz. Brent futures slipped 42 cents, or 0.47%, to $88.56 a barrel by 0405 GMT. U.S., trimming gains made… Continue reading Oil eases as weaker demand outlook counters Mideast supply concerns
Electricity is likely to be expensive for the entire country, including Karachi, for 3 consecutive months. According to the National Electric Power Regulatory Authority (Nepra), under the quarterly adjustment, per unit of electricity may become expensive by one rupee and 34 paise every month. Under the quarterly adjustment, per unit of electricity is likely to… Continue reading Electricity is likely to be expensive for the entire country, including Karachi
ISLAMABAD (C News) – Banks and financial institutions across Pakistan will remain closed for three days this week, from August 14 to August 16, according to a circular issued by the State Bank of Pakistan. According to the State Bank circular, the State Bank, stock exchange and banks will remain closed on the occasion of… Continue reading Banks, financial institutions to remain closed for three days
(Reuters) – Oil prices steadied on Tuesday at more than one-week highs amid fading hopes of a deal between the U.S. and Iran to end their war and reopen the Strait of Hormuz, after President Donald Trump demanded compensation for damage the U.S. has incurred. Brent crude futures were flat at $87.81 a barrel by… Continue reading Oil steadies near one-week highs as US-Iran peace deal hopes dim
_x000D_ _x000D_ According to sources, Pakistani authorities are in talks with Chinese authorities to complete the refinancing process soon. If the terms, conditions and conditions are finalized soon, the money will be received by Pakistan during this month itself. Sources in the Ministry of Finance say that the government hopes that receiving the money soon… Continue reading Pakistan requests China to complete $1.3 billion refinancing soon
