PM unveils Rs50b relief package for power consumers
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday announced Rs50 billion relief package for domestic electricity consumers using up to 200 units per month. Addressing a ceremony on energy sector reforms in Islamabad, PM Shehbaz Sharif said th...
FBR introduces new tax returns forms for 2024
ISLAMABAD: The Federal Board of Revenue (FBR) has notified new returns forms for the tax year 2024. According to the notification of FBR, the new returns forms have been notified for salaried persons, association of persons (AoPs) companies, a...
OGDCL to increase local oil, gas production
ISLAMABAD: Oil & Gas Development Company (OGDCL) Monday announced to increase local oil and gas production as crude oil production increased from Kunar Well No. 11 in Hyderabad district of Sindh. "960 barrels of oil per day are being obtain...
Pakistan to continue IMF cycle without tax hikes: Aurangzeb
ISLAMABAD: Federal Finance Minister Muhammad Aurangzeb warned that Pakistan will stay in the IMF cycle if taxes are not increased. In an interview with Financial Times, he said that the "upcoming IMF program will not be our last fund programme...
PM says to convert 28,000 tube-wells in Balochistan on solar power
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif yesterday said that under an agreement reached between the Federal and Balochistan provincial governments, a total of 28,000 agricultural tube wells in the province would be shifted to solar system wi...
Gold price rises
Karachi: Rates of per tola of 24 karat gold increased by Rs 1,100 and was sold at Rs 244,400 per tola against its sale at Rs 243,300 per tola on last trading day. Price of 10 grams of 24 karat gold also increased by Rs 944 to Rs 209,534 from R...
Dr Gohar Ejaz urges govt to provide relief to salaried class
Karachi: Former caretaker Minister for Commerce and Industries Dr Gohar Ejaz has urged government to provide tax relief to salaried class and lower rate to maximum of 15 percent. Taking to social media platform X, industrialist raised concerns over m...
Electricity tariff raised by Rs3.33 per unit
ISLAMABAD: National Electric Power Regulatory Authority (Nepra) notified an additional fuel cost adjustment (FCA) of Rs 3.33 per unit for electricity consumed in May. According to an order issued by regulator, Nepra “Reviewed and assessed Nati...
Dar vows transparency in privatisation process
Islamabad: Deputy Prime Minister Ishaq Dar assured Senate of transparent approach to ongoing privatisation drive. Addressing concerns, Dar underscored necessity of privatisation amidst mounting economic challenges, promising stringent oversight in d...
Gold price rises by Rs1,000 per tola
KARACHI: Price of gold per ounce rose by $ 10 in international bullion market, reaching $ 2,355, up from previous $ 2344 an ounce. Price of gold per ounce rose by $ 21, bringing new global price to $ 2,345 per ounce. Local bullion markets saw rise i...
