Business

Business

Gradual increase in GIDC under consideration

The government is considering a gradual increase in the Gas Infrastructure Deve­lopment Cess (GIDC) rates instead of 200 per cent…

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Cotton trading fails to revive

Trading activity on the cotton market failed to pick up as buyers remained on the sidelines yesterday. Floor brokers said…

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Over Rs7 billion allocated for “poor-friendly” schemes: Siraj

Khyber Pakhtunkhwa Minister for Finance Sirajul Haq said here on Sunday that provincial government presented a poor-friendly and austerity-oriented budget…

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Recovery of Rs35bn from consumers: Nepra rejects requests

In an apparent snub to the government, the National Electric Power Regulatory Authority (Nepra) has rejected requests by power distribution…

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Luxury tax to help broaden net, says Punjab finance minister

Punjab Minister for Finance Mujtaba Shujaur Rehman is optimistic that the levy on big houses and luxury vehicles will broaden…

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Businesses urge govt to revise fresh tax hikes

Business leaders from across the county urged the government to revise increase in taxes proposed in the federal budget 2014-15…

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Reliance on foreign assistance by KPK govt. continues

The Khyber Pakhtunkhwa government continues its reliance on foreign assistance in its Annual Development Programme (ADP) for fiscal year 2014-15…

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Tax measures to yield Rs164bn:Punjab budget

The Punjab government has proposed measures in the budget for 2014-15 to revamp its tax administration to curb tax evasion…

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Exports slip in May amid energy shortages

The country’s exports witnessed a marginal decline in May 2014 from a year ago, despite having preferential access to the…

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