ISLAMABAD: To get rid of the undue additional 5.5% taxes imposed to force unregistered businesses to get registered, Pakistan’s documented dairy sector has proposed an 18% sales tax on printed price, which will also discourage tax evasion. As an alternative, the industry is seeking a reduction in the standard sales tax from 18% to 10%,…
LAHORE: National Tariff Commission (NTC) Chairman Dr Jawwad Uwais Agha has said that the commission is fully open to industrialists and the business community, and every case will be reviewed personally and decided quickly on merit to protect the local industry from unfair international competition. He said that the commission had expanded its outreach, and…
SSGC petition includes Rs312b interest on GDS receivables, Rs16b Balochistan shortfall KARACHI: Business leaders have strongly opposed the Sui Southern Gas Company’s petition to the Oil and Gas Regulatory Authority (Ogra) for a substantial increase in gas tariffs for FY2026-27, urging the regulator to reject the proposal in the interest of industrial sustainability, according to…
KARACHI: The Trade Development Authority of Pakistan (TDAP), in collaboration with the Embassy of Pakistan in Oman, organised a three-day visit of a delegation of the Rice Exporters Association of Pakistan (REAP) to Oman from April 27-29, 2026. The visit was aimed at ramping up bilateral trade, particularly in the rice sector, and exploring new…
Orders strict action on power theft, stresses reliable energy for industry and relief for homes Prime Minister Shehbaz Sharif addresses the nation on Friday. Photo: PMO Prime Minister Muhammad Shehbaz Sharif on Saturday directed authorities to formulate a comprehensive strategy to stabilise electricity tariffs. The orders were given while chairing a meeting on energy sector reforms….
The absence of incentives is a critical bottleneck. While public sector institutions such as TEVTA offer training programmes, industry participation remains limited due to weak awareness and inadequate policy support. KARACHI: Pakistan is a country where investing in human capital development is often viewed as an extravagance. Additionally, a troubling culture has developed in which…
Owing to the Israel-US war on Iran, the Sensitive Price Indicator (SPI) increased by 14.52% on a year-on-year basis, reflecting a sharp inflationary hike across essential commodities, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday. On a weekly basis, inflation rose by 0.62% for the combined consumption group during the…
The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington, U.S., April 21, 2017. REUTERS ISLAMABAD: The ongoing Middle East conflict is likely to create a significant economic slowdown and heightened risks across the MENAP region, IMF Resident Representative Dr Mahir Binici said at an outreach session at the Sustainable…
US stock indexes rose, while most major European markets were closed for holidays SYDNEY/LONDON: Global shares steadied on Friday with investor focus staying on currency markets, after the yen briefly jumped against the dollar for a second straight day. The dollar lost as much as 1% against the yen in a matter of minutes on…
ISLAMABAD: The government has become active again amid the US-Iran conflict, taking measures to implement the new oil refinery policy to make the country self-sufficient in oil supplies. The Special Investment Facilitation Council (SIFC) is pushing the relevant ministries to resolve the General Sales Tax (GST) waiver issue. Owing to the GST concession, refineries and…