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Business

Web Desk
Sep 28, 2024

Textile sector warns of crisis as govt redefines gas supply priorities

The government has revised its gas supply priority order, placing domestic and commercial consumers at the top, while industries have been relegated to the last priority.

Business

Web Desk
May 18, 2024

Govt employees likely to get salary raise in Budget 2024-25

The federal government is anticipated to announce a salary increase of 10 to 15 per cent for public sector employees in the upcoming 2024-25 fiscal year budget.

Business

Web Desk
May 14, 2024

Govt urged to raise cigarette taxes by up to 70 per cent

Malik Imran Ahmed, the country head of The Campaign for Tobacco-Free Kids (CTFK), has urged the government to confront the escalating issue of widespread tobacco consumption among young people by implementing a significant increase in tobacco taxes, aiming for up to 70 per cent of the retail price.

Pakistan

Web Desk
Mar 13, 2024

Minister Naqvi shuts down Narcotics Control Ministry office

The Federal Minister for Interior, Syed Mohsin Raza Naqvi, has announced the closure of the Ministry of Narcotics Control office.

Business

Web Desk
Mar 09, 2024

Which cars are affected by FBR’s 25% sales tax?

In a recent development, the Federal Board of Revenue (FBR) has implemented a significant policy change by imposing a 25 per cent sales tax on domestically manufactured or assembled cars with an invoice price exceeding Rs4 million.

Business

Web Desk
Mar 08, 2024

Weekly SPI shows 1.11% increase

The Weekly Sensitive Price Indicator (SPI) for the Combined Group experienced a modest 1.11 per cent increase week-on-week (WoW) during the period ending March 7, 2024.

Business

Web Desk
Feb 22, 2024

Profit rates reduced for National Savings Schemes

The caretaker government has taken measures to adjust the interest rates on various national savings schemes.

Business

Web Desk
Dec 19, 2023

Pakistan’s IT sector records 11.66% growth in November exports

Government policy measures in Pakistan are reaping rewards for the information technology (IT) sector, witnessing an 11.66 per cent year-over-year (YoY) surge in service exports, totaling $259 million in November.

Business

Web Desk
Nov 08, 2023

OGRA announces big increase in gas prices

The Oil and Gas Regulatory Authority (OGRA) has announced a significant increase in gas tariffs to fulfill a demand from the International Monetary Fund (IMF).