Textile exporter’s issues addressed by authorities: Miftah Ismail
Federal Minister for Finance and Revenue Miftah Ismail here Monday directed the relevant authorities to take appropriate measures for resolving issues being faced by exporters especially related to exports and tax refunds. The minister held a meeting with delegation of Pakistan Textile Exporters Association (PTEA) led by its Patron in Chief Khurram Mukhtar. Minister of…
Adil Aziz
Tech Pioneers back Technological transformation in Pakistan!
Considering recent developments in technological agreements, Pakistan’s recent interest in developing its technological future is being acknowledged by countries such as China, Korea & Iran. The government’s stance towards technological agreements and exchange of knowledge has been witnessed in the last few months, with a recent Letter of Intent to create a world-class technology ecosystem…
Government notifies fuel adjustment charges waiver for upto 300 units
The implementation process for grant of relief to power consumers over fuel charge adjustment (FCA) as announced by Prime Minister Muhammad Shehbaz Sharif began with the issuance of a notification by the relevant ministry. According to a notification of the Ministry of Energy (Power Division), Non-ToU domestic, non-protected consumers having 201-300 units consumption would not…
Pakistan Railways to get 50 new coaches from China in December
Pakistan Railways would receive first batch of 50 new coaches from China in December to upgrade current rolling stock and provide modern facilities to the passengers. “Out of total 230 coaches around 50 will be provided as completely built units and the remaining 184 to be manufactured in the county by the department’s engineers and…
MMBL wins ‘Most Innovative Microfinance Bank’ at the Global Business Outlook Awards 2022
Extending a winning legacy that spans over a decade, Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has been awarded the title of “Most Innovative Microfinance Bank – Pakistan 2022” by the prestigious Global Business Outlook (GBO) Awards 2022. The award highlights MMBL’s continuous efforts to enhance access to innovative digital and financial solutions…
Exports increase by 3.75% to $4.7 billion in 2 months
The trade deficit declined by 17.13 percent during the first two months of the fiscal year 2022-23 when compared to the deficit of the corresponding period of last year The exports from the country witnessed an increase of 3.75 percent during the first two months of the current fiscal year (2022-23) as compared to the…
Waives off FAC for up to 300 units of power consumption: PM
Prime Minister Shehbaz Sharif on Thursday waived off the fuel adjustment charges (FAC) for power consumers who consume up to 300 units of electricity in a month. The premier made this announcement while addressing a meeting of Pakistan Muslim League-Nawaz (PML-N) lawmakers in Islamabad. He said the waiver is being given with the aim to…
Traders, retailers visit FBR to consult for tax issues
The representatives of Markazi Tanzeem e Tajiraan Pakistan visited Federal Board of Revenue(FBR) on Thursday to discuss the taxation issues with officials. The government has withdrawn the fixed tax on retailers through the recently promulgated Ordinance. Any new scheme of tax on retailers will be planned and implemented in consultation with the traders. The Chairman…
Miftah estimate flood devastation to cost $10 billion
Federal Minister for Finance and Revenue Miftah Ismail on Thursday said, the current devastation of flood in Pakistan is estimated to cost $10 billion. During flood, railway lines, roads, bridges, grid stations, power lines and houses etc. were badly damaged, which has to be rehabilitated. The minister said that the United Nation has made a…
Trade between Pakistan and US witnessed growth 23.21 percent first month of year 2022-23
Pakistan’s goods and services trade with the United States (US) witnessed a surplus of 23.21 percent during first month of current financial year (2022-23) as compared to the corresponding period of last fiscal year. The trade surplus during the period under review was recorded at $335.091 million against $271.952 million last year, showing 23.21 percent…