Federal Minister for Petroleum Ali Pervaiz Malik chaired a meeting on Monday to review the gas supply situation, winter load management and consumer complaint redressal across the country. The meeting also examined an Oil and Gas Regulatory Authority (OGRA) audit report on compliance with service standards for complaint handling. According to an official statement, Sui Northern Gas Pipelines Li
Salaried individuals paid Rs266 billion in income tax during the first half of the current fiscal year, contributing nearly one rupee out of every Rs10 collected in income taxes across the country. Tax contributions by salaried persons, in both the public and private sectors, remained more than double the taxes paid by the real estate sector during the same period, according to provisional figu
Asian stocks extended their record climb on Tuesday, taking the baton from Wall Street where gains for oil companies and financials helped the Dow Jones Industrial Average hit an all-time peak. US big oil got a boost from the country’s military raid at the weekend that captured Venezuelan President Nicolas Maduro. Crude oil eased back after rising $1 a barrel overnight as traders assessed th
Nova Minerals Limited, a US-based mining exploration and development company listed on the ASX and NASDAQ, has clarified that discussions related to the potential sourcing of antimony from Pakistan remain preliminary and exploratory. The clarification comes following media reports on the company’s arrangements to acquire Pakistani antimony, the ASX-listed miner said on Monday. “The company w
More than 145 countries agreed on Monday to amend a 2021 global minimum corporate tax agreement, addressing Washington’s concerns the rules could penalise US multinational companies. The Organisation for Economic Cooperation and Development said the fresh package preserves the 15 percent global minimum tax framework designed to ensure large multinationals pay a baseline tax wherever they operat