A difficult budget
Both the prime minister and his adviser on finance have shunned proposals calling for even a slight increase in tax rates.
Khaleeq Kiani
Prices of petroleum products reduced; petrol to sell at Rs74.52
Rate of levy, however, increased by 26pc.
Rs200bn summary sent back to Power Division
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday rejected a move by the Power Division...
Ministry advises ECC not to cut oil prices for fortnight
Major supply disruption feared in case of price cut.
Private sector sputters, fiscal balance improves in latest data
Almost all the indicators that reflect private sector confidence showed steep declines.
Big businesses urge furlough system to avoid layoffs
Leading businessmen say labour could survive with 80pc of salary instead of 50pc if govt bears 30pc of additional financial burden.
100 new posts created in three ministries
Move part of reform process to improve efficiency, output of government
The economic meltdown
Provisional data shows all major sectors missed their growth targets this year.
WB okays $500m loan to help govt fight Covid-19 effect
Country will receive amount before current fiscal ends on June 30.
New committee formed for talks with IPPs
Committee formed under a decision of Cabinet Committee on Energy headed by Planning Minister Asad Umar.
ECC rejects intervention price for cotton procurement
Approves incentive policy for local manufacturing, assembly of mobile phones.
ECC okays diversion of Rs10bn from Covid-19 relief package to power sector debt repayments
No rescheduling of commercial loans as it allowed signing of MoUs for about $2.04bn debt relief.
Wapda chief eyes dam diversions’ completion in three years
Decision to build Diamer-Bhasha as a ‘roller compact concrete’ structure based on intensive research.
Moody’s puts banks on review amid govt’s weakening support capacity
Action is driven by Moody’s expectation that government will request bilateral official sector debt service relief.
$371m WB loans signed for agriculture, social sectors
The agreements were signed online.
Restoring the fiscal balance
The latest notification requires the NFC to allocate resources for meeting growing expenditures on national security...
NFC: Restoring the fiscal balance
The latest notification requires the NFC to allocate resources for meeting growing expenditures on national security.
Oil refineries, firms told to boost supplies
Govt issues advisory to ensure uninterrupted supply of petroleum products during Eid at all retail outlets.
Nepra voices concern over Discos’ performance, rising circular debt
Nepra questions continuation of federal energy ministry, power division and centralised control of day to day operation.
FBR tax proposals not in line with govt’s vision: Hafeez
Calls for fewer taxes to stimulate economy.