Jan 1

Law allows fuel adjustment charges only for two months

KARACHI: Industry has raised questions over decision by National Electric Power Regulatory Authority (NEPRA) to allow past four years fuel adjustment charges to K-Electric. In a joint statement the leaders of North Karachi Association of Trade & Industry (NKATI) on Wednesday said that according to the law the distribution company not allowed to collect fuel […]

by Mrs. Anjum Shahnawaz

Gas shortage created purposely for using RLNG: KCCI

Jan 1

Trade & Industry

Gas shortage created purposely for using RLNG: KCCI

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has said that the gas shortage in Sindh is created purposely to force industry to take RLNG. Agha Shahab Ahmed Khan, President KCCI in a statement on Wednesday said: “gas pressure has been reducing purposely to pressurize the industries to take RLNG, which has resulted in terribly […]

by Mrs. Anjum Shahnawaz

Stock market gains 665 points to start year 2020

Jan 1

Stock & Commodity

Stock market gains 665 points to start year 2020

KARACHI: The stock market gained 665 points on Wednesday to start the year 2020. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,400 points as against 40,735 points showing an increase of 665 points. Analysts at Arif Habib Limited said that the first day of 2020 started with a bang and contributed […]

by Mrs. Anjum Shahnawaz

Headline inflation increases by 12.6% in December 2019

Jan 1

Finance

Headline inflation increases by 12.6% in December 2019

In a concerning economic development, Pakistan’s headline inflation, as measured by the Consumer Price Index (CPI), has surged by 12.6 percent in December 2019 on a Year-on-Year (YoY) basis, according to the latest report from the Pakistan Bureau of Statistics (PBS).

by Mrs. Anjum Shahnawaz

FBR drafts rules for risk based customs clearance

Jan 1

Pakistan Customs

FBR drafts rules for risk based customs clearance

ISLAMABAD: Federal Board of Revenue (FBR) has drafted Risk Management System Rules for customs clearance of cargo to comply with Trade Facilitation Agreement (TFA) of World Trade Organization (WTO).

by Mrs. Anjum Shahnawaz

FBR implements duty exemption/concession under 2nd Phase Pak-China FTA

Jan 1

Pakistan Customs

FBR implements duty exemption/concession under 2nd Phase Pak-China FTA

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued concessionary rates for 6,786 tariff lines for goods imported under Second Phase of Free Trade Agreement (FTA) between Pakistan and China. The notified rates will be effective from January 01, 2020 for next 15 years i.e. December 31, 2034. The FBR issued SRO 1640(I)/2019 to implement […]

by Mrs. Anjum Shahnawaz

Jan 1

Energy

POL prices increased up to Rs3.10/liter

ISLAMABAD: The government has increased the prices of petroleum products (POL) up to Rs3.10 per liter effective from January 01, 2020. In a notification issued on Tuesday, the government decided to increase the prices of petroleum products as per recommended by Oil and Gas Regulatory Authority (OGRA). Following are the new POL prices: The price […]

by Mrs. Anjum Shahnawaz