Economy

Gas Shortfall Causes $250 Million Loss for Textile Sector in December Alone

Pakistan’s natural gas shortfall is wreaking havoc on the country’s export industry, and has stripped off $250 million worth of textile exports in December alone, reported by Bloomberg.According to Bloomberg’s calculations, the amount of $250 million w…

Economy

K-Electric Tariffs Expected to Rise by Rs. 4.8 Per Unit

The cost of quarterly adjustments for Karachi is expected to be as high as Rs. 4.80 per unit.National Electric Power Regulatory Authority (NEPRA) reserved its decision after hearing K-Electric’s request for an increase in the per-unit price of electric…

Economy

PSX Listed Companies Paid Highest Dividends in 2021

The listed companies at the Pakistan Stock Exchange (PSX) paid the highest ever dividends of Rs. 499.84 billion in the calendar year 2021 (CY21), a staggering 87 percent higher than the CY20 figure of Rs. 267.608 billion.Finance Ministry spokesperson, …

Economy

NTDC Enhances Grid Capacity to Provide Uninterrupted Power to Consumers

The National Transmission & Despatch Company (NTDC) has successfully enhanced the grid capacity of 500 kV Rawat Grid Station and 220 kV WAPDA Town Lahore Grid Station by augmenting its previously installed 220/132 kV Transformer…

Economy

Finance Bill Likely to be Tabled Before Senate Tomorrow

President of Pakistan, Dr. Arif Alvi, has convened a session of Senate at the Parliament House on Tuesday at 4:00 pm, according to a notification.It is expected that the Finance Supplementary Bill 2021 and the State Bank of Pakistan (Amendment) Bill 20…

Economy

FBR Launches Parliamentarians’ Tax Directory for 2019

The Federal Board of Revenue (FBR) launched the Parliamentarians’ Tax Directory for Tax Year 2019 in a special ceremony organized at FBR Headquarters on Monday.Federal Minister for Finance and Revenue, Shaukat Fayaz Ahmed Tarin, who was the chief guest…