By Staff Reporter
ISLAMABAD: The provinces have consented to sign a Memorandum of Understanding (MoU) to generate a revenue surplus of Rs750 billion this fiscal year to narrow the federal budget deficit to 4.9 percent of the GDP (gross domestic product) as demanded by the IMF, it is learnt.
By Staff Reporter
ISLAMABAD: Parliamentary Committee on National Security (PCNS) on Tuesday formally approved the process of negotiations with the outlawed Tehreek-e-Taliban Pakistan (TTP) within the ambit of the constitution.
By Staff Reporter
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday directed cigarette manufacturers to join the Track and Trace System regime with effect from July 1, 2022, to bring the sector’s larger tax evading part in the tax net.
By Staff Reporter
LAHORE: Maryam Nawaz, PML-N Vice President, on Tuesday came down hard on the PTI for moving the Supreme Court against Punjab Chief Minister Hamza Shahbaz’s plan to provide 100 free units of electricity to lifeline consumers.
By Staff Reporter
ISLAMABAD: The Federal Cabinet is yet to give a go-ahead to phasing in a power tariff hike of Rs7.92/unit as committed with the IMF, which might have consequences for the bailout pogramme, it is learnt.
By Staff Reporter
ISLAMABAD: The Supreme Court of Pakistan continued to break fresh ground in the interpretation of Article 63A of the Constitution Tuesday when it said deviation from party policy is not a petty issue but a matter of morality.
By Staff Reporter
ISLAMABAD: Minister for Finance Miftah Ismail on Monday claimed the IMF programme was coming along very well, but the fund has not shared the nine tables with the Memorandum of Economic and Financial Policies (MEFP), required for the completion of combined reviews, which casts tons of doubts on the finance chief’s damage-control statements, raising serious concerns over the fate of economy.
By Staff Reporter
ISLAMABAD: Setting off serious alarms for the first time since the new Covid variant’s outbreak in Pakistan, the country’s top health official on Monday appealed to the people to not to let their precautionary guard down in any way to save themselves as well as others from the pandemic.
By Staff Reporter
ISLAMABAD: The country’s power regulator on Monday allowed K-Electric (KE) to ratchet up the tariff for the load-shedding-battered consumers by Rs9.66/unit, a second such increase in a short span of time.
By Staff Reporter
ISLAMABAD: Despite the government’s repeated claims to end load shedding, Pakistani households and businesses continued to suffer intermittent power outages in the scorching summer heat of June – and the pattern shows no signs of going away in July.
