Tag Archives: Pakistan

PM Shehbaz orders early resolution of energy crisis

LAHORE: Taking action over increasing public complaints about loadshedding across the country, Prime Minister Shehbaz Sharif on Sunday ordered an early resumption of power generation from the plants closed due to various administrative and technical issues. The prime minister sought a detailed report from the power division highlighting the reasons …

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Uncertainty remains in Punjab

THE Supreme Court’s order to hold a re-election for the office of chief minister of Punjab on July 22 may have temporarily settled the ongoing battle for power between the PML-N-led ruling coalition and the opposition PTI-PML-Q, but it might have also created more constitutional and legal complexities. For many, the decision …

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Energy prices to rise until year-end, ministers warn

ISLAMABAD: The government on Friday said the energy prices will keep increasing for the next three to four months because of ‘landmines laid by Imran Khan’ and then start a downward trend in November–December this year. Speaking at separate news conferences here, energy ministers – Khurram Dastgir and Musadik Malik …

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Sales tax on APIs reduced to 1pc

ISLAMABAD: The government has reduced sales tax to one per cent from the existing 17pc on the import of active pharmaceutical ingredients (APIs) besides some other minor amendments to income tax rates in Finance Bill 2022-23. The amendments were introduced in the National Assembly by Finance Minister Miftah Ismail and …

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Finance ministry sees more tough times ahead

ISLAMABAD: Hinting at a further increase in the policy rate by the State Bank of Pakistan, the Ministry of Finance anticipates ‘blurred growth prospects’ for the economy, which could be marred by the prevailing inauspicious global environment and higher domestic inflation, going beyond 15 per cent, in the upcoming fiscal …

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EU-mediated Doha talks on nuclear deal begin

DOHA: Chief negotiators from the United States and Iran began indirect talks in Qatar on Tuesday, bidding to remove obstacles that have stalled attempts to revive a landmark nuclear deal. The indirect negotiations headed by US special envoy Robert Malley and Iran’s Ali Bagheri come after more than a year …

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