Electricity tariff reduced up to 50pc on additional usage to promote industries

Nov 3

Energy, Finance

Electricity tariff reduced up to 50pc on additional usage to promote industries

ISLAMABAD: The government on Tuesday announced up to 50 percent reduction in electricity tariff on additional usage to promote industries in the country. Prime Minister Imran Khan announced a relief package for industrial sector with 50 percent reduction in rate of commercial electricity on additional usage by Small and Medium Enterprises. The announcement was made […]

by Mrs. Anjum Shahnawaz

Sep 15

Finance

Cabinet allows export of all PPE items

ISLAMABAD: The federal cabinet in its meeting held on Tuesday allowed export of all Personal Protective Equipment (PPE) items. The cabinet approved to lift the ban on export of Tyvek Suits and the anti-malarial drugs, including Chloroquine and Hydroxychloroquine. This decision was undertaken on a summary initiated by Ministry of Commerce. Now, with lifting of […]

by Mrs. Anjum Shahnawaz

OMCs must have 21 days stock of POL products, federal cabinet decides

Jun 9

Energy

OMCs must have 21 days stock of POL products, federal cabinet decides

ISLAMABAD: Authorities to enforce license condition that Oil Marketing Companies (OMCs) must have 21 days stock in order to ensure availability of petroleum products. Prime Minister Imran khan chaired the meeting of the federal cabinet held on Tuesday. The prime minister directed the Minister of Petroleum and Oil and Gas Regulatory Authority (OGRA) to ensure […]

by Faisal Shahnawaz

State-owned land in major cities to be offered for sale to overseas Pakistanis

Apr 29

Finance, National

State-owned land in major cities to be offered for sale to overseas Pakistanis

ISLAMABAD: Prime Minister Imran Khan on Tuesday said that the government has planned to offer sale of state-owned land in major cities to overseas Pakistanis. While chairing the federal cabinet meeting, the prime minister said that the government has planned to offer government owned land located in major cities to the overseas Pakistanis in order […]

by Mrs. Anjum Shahnawaz

Cabinet to announce major relief in prices

Feb 10

National

Cabinet to announce major relief in prices

ISLAMABAD: The federal cabinet in its meeting scheduled for Tuesday, February 12, 2020 will announce major relief in prices of basic food items, Prime Minister Imran Khan announced on Sunday. The prime minister in its tweet message said that the government would come up with various measures to reduce the prices of basic food items […]

by Mrs. Anjum Shahnawaz

Cabinet approves gradual reduction in regulatory duty

Nov 20

Finance

Cabinet approves gradual reduction in regulatory duty

ISLAMABAD: The Federal Cabinet has approved gradual reduction in regulatory duty and additional customs duty under first-ever National Tariff Policy (NTP). The federal cabinet, in its meeting chaired by the Prime Minister held on Tuesday November 19, 2019, approved the first-ever National Tariff Policy (NTP). The policy guidelines contained in the NTP, as approved by […]

by Mrs. Anjum Shahnawaz

Dr. Hafeez Shaikh entrusted for finance charge in major cabinet reshuffle

Apr 19

National

Dr. Hafeez Shaikh entrusted for finance charge in major cabinet reshuffle

ISLAMABAD: Dr. Hafeez Shaikh has been appointed as Advisor to Prime Minister on Finance following resignation of Asad Umar from the slot of finance minister. Asad Umar has resigned amid controversies on economic and policy decisions. Interestingly, Dr. Hafeez Shaikh, the nominated advisor to prime minister, was the finance minister during last tenure of Pakistan […]

by Faisal Shahnawaz

No decision on amnesty scheme, cabinet to consider tomorrow

Apr 16

Taxation

No decision on amnesty scheme, cabinet to consider tomorrow

ISLAMABAD: The federal cabinet has discussed the planned tax amnesty scheme and it will decide in tomorrow’s meeting, sources said on Tuesday. The federal cabinet was met under the chair of Prime Minister Imran Khan. Finance Minister Asad Umar briefed the meeting about the proposed amnesty scheme. The sources said that the prime minister directed […]

by Faisal Shahnawaz