By Staff Reporter
ISLAMABAD: Nearly half of Pakistan’s cigarette market is dominated by illicit brands that evade taxes and sell below the minimum legal price, a survey by market research firm IPSOS showed on Friday.
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Ogra approves gas price hike of up to 45pc for SNGPL, SSGCL
By Staff Reporter
ISLAMABAD: Oil and Gas Regulatory Authority (Ogra) on Friday approved gas price hikes of 40 percent and 45 percent for consumers of Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL), respectively, for the fiscal year 2023-24.
Pakistan approves barter trade mechanism with Afghanistan, Iran, Russia
By Staff Reporter
ISLAMABAD: Pakistan has approved a barter trade mechanism with Afghanistan, Iran and Russia to boost trade and help the country’s struggling economy, the commerce ministry said on Friday.
Pakistan’s inflation fastest in Asia for second month
By Staff Reporter
ISLAMABAD: Pakistan’s inflation hit another record high in May, making it Asia’s fastest for a second month, just days before the next fiscal budget is due to be unveiled in a country facing unprecedented economic challenges.
Chaudhry Parvez Elahi arrested in corruption probe
By Staff Reporter
LAHORE: Chaudhry Parvez Elahi, an aide to former Pakistani Prime Minister Imran Khan and the president of Khan’s Pakistan Tehreek-e-Insaf (PTI) party, was arrested on Thursday by the anti-corruption establishment with the help of police.
Pakistan says no ‘Plan B’ if IMF deal fails
By Staff Reporter
ISLAMABAD: Pakistan has no backup plan if the International Monetary Fund (IMF) does not resume its $6.5 billion loan program, which has been on hold since September last year due to differences in next fiscal year’s external financing needs of the country, a minister said on Thursday.
IHC, Parliament on collision course over audio leaks inquiry?
Senator Raza Rabbani calls the IHC stay of the proceedings of a special parliamentary panel a violation of Article 69 of the Constitution and of trichotomy of powers. By Naveed Naqvi.
2 soldiers martyred in Iran border terrorist attack
The military says it is working to sanitize the area and are in touch with the Iranian authorities to cut off the terrorists’ escape routes. By Naveed Naqvi.
2 soldiers martyred in Iran border terrorist attack
The military says it is working to sanitize the area and are in touch with the Iranian authorities to cut off the terrorists’ escape routes. By Naveed Naqvi.
Black market boom: Tax hike on cigarettes backfires
By News Desk
The flood of smuggled cigarettes that hit Pakistan after the stellar tax hike brought by a minibudget a few months ago continues to surge, allowing black market forces to prey upon legitimate businesses and depriving the national kitty of previous revenue.