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ECC approves separate proposals for simplification of tax regime

ECC approves separate proposals for simplification of tax regime

ISLAMABAD: Economic Coordination Committee of the Cabinet has approved separate proposals for simplification of tax regime for non-resident companies investing in the local debt market, revision of cess rate on tobacco for the year...
OGRA slashes LPG price by Rs. 2 per kg for September

OGRA slashes LPG price by Rs. 2 per kg for September

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Friday issued a price-revision notification of Liquified Petroleum Gas (LPG) for the month of September. According to the notification the authority decreased the price of LPG...
Govt likely to slash petroleum prices by Rs7.67 per litre

Govt likely to slash petroleum prices by Rs7.67 per litre

ISLAMABAD: Fuel prices in Pakistan are likely to be reduced as the Petroleum Division has on Friday received a summary recommending reduction in the rates. According to details, the price of High Speed Diesel will...
Govt to take guidance from SC on issue of GIDC: Hafeez Sheikh

Finance advisor Hafeez Sheikh admits sorry state of economic affairs

ISLAMABAD: Finance Advisor Abdul Hafeez Sheikh said its not an easy task to move economy on good track. He admitted that no improvement in tax collection witnessed so far. Talking to journalists in an informal...
Govt to abolish unnecessary regulations in petroleum sector: Nadeem Babar

Govt to abolish unnecessary regulations in petroleum sector: Nadeem Babar

ISLAMABAD: Special Assistant to the Prime Minister on Energy Nadeem Babar says the government has decided to abolish various unnecessary regulations to facilitate investment in petroleum sector in the country. He was addressing a news...
Gold price soars to Rs90,000 per tola in Pakistan

Gold price soars to Rs90,000 per tola in Pakistan

KARACHI: Gold price soared to a record high of Rs90,000 per tola (11.66 grams) in Pakistan after the yellow metal hit a six-year high in the world market. All Sindh Saraf and Jewellers Association (ASSJA)...
NEPRA approves 78 paisa hike in power tariff

NEPRA likely to hike power tariff by Rs1.93 per unit

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has been asked to increase the electricity tariff by Rs1.93 per unit. The Central Power Purchasing Agency (CPPA) has requested NEPRA to increase the price of electricity...
Major Oil and Gas reserves discovered from Kohat district of KP

Major Oil and Gas reserves discovered from Kohat district of KP

KOHAT: Massive oil and gas reserves unearthed in Khyber Pakhtunkhwa, giving impetus to Pakistan’s growing needs and strengthening the dwindling economy of Pakistan. According to details, 240 barrels of crude oil can be excavated from...
Rupee depreciates by 26 paisa against US dollar

US dollar falls by Rs1 as rupee maintains upward trajectory

KARACHI: The US dollar has slipped by Rs1 to reach at Rs157.25 in the interbank market on Friday, strengthening Pakistani rupee that had witnessed continuous. According to the details, the Pakistani rupee bounced back against...
Gold price fell by Rs 350 to Rs 87,800 per tola

Gold price fell by Rs 350 to Rs 87,800 per tola

KARACHI: Extending its downward trend, domestic gold price fell by Rs350 to Rs87,800 per tola. 10-gram price of gold slid Rs299 to Rs75,274. The price of the precious yellow metal has registered a cumulative drop of...

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