Finance Minister Ishaq Dar on Wednesday tabled the Finance (Supplementary) Bill, 2023, in both houses of the parliament, outlining tax measures to raise an additional Rs170 billion in the next four and half months to meet the last prior actions agreed upon with the International Monetary Fund (IMF) to secure early disbursement of about $1.2bn instalment. Two measures — raising the federal excis
Jazz Ltd CEO Aamir Ibrahim said on Wednesday the rollout of 5G, which is the fifth-generation technology standard for broadband cellular networks, should be put on hold. Speaking at a business conference organised by Nutshell Group, the CEO of the largest telecom firm with a market share of over 38 per cent said the stakeholders should strive to do a better job by ensuring “4G for all rather th
Hours after tabling a finance bill in parliament to revive a stalled International Monetary Fund (IMF) loan programme, the federal government on Wednesday increased the price of petrol by Rs22.20 and high speed diesel (HSD) by Rs17.20. According to a press release issued by the Finance Division, a copy of which is available with Dawn.com, the prices of kerosene and light diesel oil were also in
Political economist Dr Pervez Tahir on Wednesday called for revival of trade with India to decrease people’s woes. He said the federal cabinet’s size should be cut down in conformity with the requirement of the 18th Amendment. Since the federal development spending is financed by borrowing, it ought to be reduced to zero until the budget is balanced, he said, adding that defence expenditure
While expressing concerns over the state of the country’s economy, the business community has demanded the government devise a long-term strategy to prevent such a crisis in the future. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Irfan Iqbal Sheikh has slammed the PMLN-led coalition government for taking such anti-industry measures without any consultation with th