Tag: Breaking News

Government Rejects Increasing Electricity Tariffs for Consumers
Economy

Government Rejects Increasing Electricity Tariffs for Consumers

Government rejects increasing electricity tariffs for consumers On Saturday, the federal government made it clear that it is not raising electricity rates for consumers, but only allowing quarterly adjustments. The quarterly adjustment of Rs 3.644/unit is for the quarter (April to June) 2021-22, which will not increase the bill as the tariff schedule (SoT) communicated […]

Government Leaves Oil Prices Unchanged
Economy

Government Leaves Oil Prices Unchanged

Government leaves oil prices unchanged The government has decided to leave oil prices unchanged for the next 15 days, Pakistan’s Finance Minister Ishaq Dar said in a video message from Washington. Torn Denim Pants Auctioned for 87,000 US Dollars The effective price of MS (gasoline) is PKR 224.80 per liter, diesel PKR 235.30 per liter, […]

Bank Exim 2022 Bill Approved by President Arif Alvi
Economy

Bank Exim 2022 Bill Approved by President Arif Alvi

Bank Exim 2022 bill approved by President Arif Alvi Dr. Arif Alvi- President of Pakistan passed the Bank of Pakistan Export-Import (Exim) Bill 2022 here on Friday. The establishment of the EXIM bank will promote trade in Pakistan. Senate Approves Bill to Establish Pakistan Export Import Bank The financial organization Exim Bank of Pakistan is […]

Petrol prices could drop by Rs 10-15 per liter
Economy

Petrol prices could drop by Rs 10-15 per liter

Petrol prices could drop by Rs 10-15 per liter If the government decides to pass on the impact of this rupee-dollar parity to end users, petrol prices could drop by around Rs 10-15 per liter and diesel prices by Rs 2 per liter, industry sources said. The rupee fell for a second straight Thursday as […]

Islamabad IT Park gets NOC from MoIT
Economy

Islamabad IT Park gets NOC from MoIT

Islamabad IT Park gets NOC from MoIT The Ministry of Information Technology and Telecommunications submitted a progress report on the work of the Information Technology Park in Islamabad to the Standing Committee of Information and Telecommunications of the National Assembly. According to the Ministry of IT and Telecommunications, a No-Objection Certificate (NOC) has been obtained […]

Pakistan's cotton production is expected to fall more than 40% this year
Economy

Pakistan’s Cotton Production is Expected to Fall More Than 40% This Year

Pakistan’s cotton production is expected to fall by more than 40% this year, the high-ranking Federal Agriculture Committee (FCA) said Thursday. The Rabi Season Committee meeting (2022-23), chaired by the Federal Minister for National Food Security and Research, Tariq Bashir Cheema, informed that cotton production for 2022-23 is estimated at 6.3 million bales with an […]

Pakistan's agricultural exports to Afghanistan up 67% in Q1FY23
Economy

Pakistan’s Agricultural Exports to Afghanistan Up 67% in Q1FY23

Pakistan’s agricultural exports to Afghanistan up 67% in Q1FY23 Pakistan’s total exports to Afghanistan in September 2022 were US$88.30 million. Last year in September 2021 total exports to Afghanistan were recorded US$49 million. Income Tax Slab in Pakistan for 2022-23 Imports in September 2022 rose 66 percent from $75.46 million in August to $125 million, […]

30 companies received licenses for local production of mobile phones
Economy

30 Companies Received Licenses for Local Production of Mobile Phones

The Ministry of Industries and Production has announced that 30 companies received licenses for the local production of mobile phones. The move is part of the government’s ‘Make in Pakistan’ initiative, which is aimed at promoting the country’s manufacturing sector. Pakistan Sole PVC Manufacturer Profitability Drops 27% Two important policies promoting local manufacturing that were […]

Largest Cement Producer Begins Shares Buyback
Economy

Largest Cement Producer Begins Shares Buyback

Largest Cement Producer Begins Shares Buyback Lucky Cement Limited, Pakistan’s largest cement producer, acquired 90,000 voting shares at PKR 511.86 per share at redemption on October 11, 2022, according to the company’s IPO filing. The Directors of Lucky Cement Limited, in their meeting on August 25, 2022, approved the purchase/buyback of a maximum of 10,000,000 […]