Despite a drop in international prices, the government on Wednesday left the prices of major petroleum products – petrol and high speed diesel (HSD) – unchanged for the next fortnight ending Dec 15. In reaching this decision, the government on the other hand, increased petroleum levy on HSD by Rs10 per litre to about Rs22.60 besides increasing the profit margins of oil marketing companies (OMCs
The National Electric Power Regulatory Authority (Nepra) on Wednesday cleared a Rs2.15 per unit cut in monthly fuel cost adjustment (FCA) and Rs7.83 per unit in quarterly tariff adjustment (QTA) for K-Electric consumers. While Nepra would notify next week the adjustment to refund Rs3.59 billion to KE consumers in December bills, it would separately forward its QTA determination to the federal g
The Federal Board of Revenue (FBR) collected Rs2.688 trillion in the first five months of the current fiscal year, exceeding the target set for the period by just Rs8 billion, showed provisional data released on Thursday. Meanwhile, the last date for the filing of income tax returns was extended until Dec 15. The revenue collection posted a growth of 15.3 per cent in 5MFY23 against Rs2.330tr
With the release of $500 million by the Asian Infrastructure Investment Bank (AIIB) for Pakistan, the stock market rebounded and made some recovery on Tuesday following a sharp fall a day ago as the muchneeded inflows would provide cushion against the fast dwindling foreign currency reserves of the country. In a tweet, Finance Minister Ishaq Dar announced that Pakistan had received $500 million
In the absence of quality mass transportation services, Pakistan has come out on top as the biggest user of ride hailing service Careem, as the company announced its landmark one billion rides breakdown. The one billion ride record is stretched across the Middle East, North Africa and Pakistan, based on trips, driven over nine billion kilometres across more than 80 cities over ten years. The