-
2 months ago | 
thenews.com.pk | Mehtab Haider
ISLAMABAD: In a bid to comply with the IMF conditions, the Economic Coordination Committee (ECC) of the Cabinet has approved hiking of gas tariff for Captive Power Plants (CPPs) from Rs3,000 to Rs3,500 per mmbtu.
The ECC, however, has rejected gas tariff for domestic (residential) consumers for different slabs in the range of Rs100 per unit.
-
Jan 25, 2025 | 
geo.tv | Mehtab Haider
Rates of slabs of salaried class revised upward on IMF's demand. FBR collects Rs367 billion from salaried class in last fiscal year. Board faces gigantic task of collecting Rs12,970bn in FY25. ISLAMABAD: A significant increase in tax rates has led to the salaried class contributing over 300% more in taxes than exporters during the first half of the current fiscal year, The News reported.
-
Jan 24, 2025 | 
thenews.com.pk | Mehtab Haider
ISLAMABAD: With a massive hike in tax rates, the contribution of the salaried class has gone up by over 300 per cent compared to tax payment by exporters in the first half of the current fiscal year, The News has learnt.
The FBR collected Rs243 billion in first half of current fiscal year against a collection of Rs157 billion in the same period of last financial year from salaried class.
-
Jan 23, 2025 | 
thenews.com.pk | Mehtab Haider
ISLAMABAD: On the eve of formal launching of $20 billion loan for Pakistan under 10 years Country Partnership Framework (CPF), World Bank’s Vice President for South Asia Martin Raiser said that Islamabad would have to pursue a challenging journey with persistence to avert economic shocks.
-
Jan 22, 2025 | 
thenews.com.pk | Mehtab Haider
ISLAMABAD: Criticising the FBR’s move to purchase 1,010 vehicles for operational purposes at an estimated cost of Rs6 billion, the Senate Standing Committee on Finance and Revenue Wednesday instructed the Board to stop the procurement. It also decided to write a letter to Prime Minister Shehbaz Sharif and Minister for Finance Mohammad Aurangzeb to stop the FBR from going ahead with the purchase. Chaired by Senator Saleem Mandviwalla, the committee severely grilled the FBR.
-
Jan 21, 2025 | 
thenews.com.pk | Mehtab Haider
ISLAMABAD: Refusing to accommodate the property builders’ demand to stay outside the tax net giving them a free rope to purchase expensive plots and new cars beyond their declared worth, the government concedes that the restriction on transactions would cause disruptions but such measures are necessary to tax the black money.
-
Jan 20, 2025 | 
thenews.com.pk | Mehtab Haider
ISLAMABAD: The World Bank (WB) has identified nine risks for $20 billion loan facility for Pakistan under the 10 years Country Partnership Framework (CPF) and termed six risks on higher side, including political, governance and macroeconomic vulnerability.
In its findings, the WB also mentioned its experience from precious CPF from 2015 to 2024 for Pakistan, and acknowledged that the resources should be deployed strategically and selectively with long-term objectives in sight.
-
Jan 15, 2025 | 
thenews.com.pk | Mehtab Haider
ISLAMABAD: The Global Risks Report 2025 released by the World Economic Forum (WEF) highlights four key risks being faced by Pakistan revolving around economic vulnerabilities, climate-driven disasters, political instability and technological disruptions.
The report warns that inflation, currency depreciation and rising debt obligations could significantly weaken Pakistan’s economic position, impacting investment confidence and growth prospects.
-
Jan 14, 2025 | 
thenews.com.pk | Mehtab Haider
ISLAMABAD: Pakistan’s salaried class contribution in revenue generation has gone up by 39.3 percent in the fiscal year 2024 as the Federal Board of Revenue (FBR) fetched Rs368 billion against a collection of Rs264 billion in FY2023. In absolute figures, the salaried class contribution into national kitty went up by Rs103.7 billion just in one fiscal year. The salaried class paid more taxes than exporters, retailers and many others. The exporters paid income tax of Rs93 billion only.
-
Jan 14, 2025 | 
geo.tv | Mehtab Haider
None of country's HEO operators are registered with the SECP. LEO technology offers advantages for remote, under-served areas. Their constellations require extensive infrastructure investments. ISLAMABAD: Pakistan is considering different options for moving from High Earth Orbit (HEO) to Low Earth Orbit (LEO) operators in a bid to allow the operations of Elon Musk-owned Starlink and other companies in the country, The News reported on Tuesday.
