The European Parliament on Thursday unanimously voted to extend the current generalised system of preferences (GSP) for another four years until 2027 for developing countries, including Pakistan, to enjoy duty-free or minimum duty on exports to the European market. The parliament voted with 561 in favour, five against and two in abstention to extend the current rules on the GSP schemes, inclu
Pakistan and Kazakhstan have started formal talks to identify areas for promoting bilateral trade. Commerce Minister Gohar Ejaz held a virtual meeting with Minister of Trade and Integration of the Republic of Kazakhstan Shakkaliyev Arman. An official announcement issued after the meeting said Mr Arman emphasised the need for expanding cooperation in various sectors and increasing the trade v
The National Electric Power Regulatory Authority (Nepra) on Thursday notified an additional fuel cost adjustment (FCA) of Rs1.71 per unit for consumers of ex-Wapda distribution companies (Discos) with a net financial impact of Rs26.5 billion for electricity consumed in August. The “adjustment of Rs1.7141/kWh shall apply to all the consumer categories except Electric Vehicle Charging Stations (E
With citizens already braving high food prices, massive power bills, and expensive fuel, a World Bank concern that the income tax exemption threshold for salaried individuals is “suboptimally high” has rubbed salt into many already festering wounds. In Pakistan, salaried people earning Rs50,000 or below per month are currently exempt from any tax. So, if the government goes on to follow the Wor
Privatisation Minister Fawad Hassan Fawad on Thursday reiterated the government’s firm resolve to divest major loss-making state-owned enterprises to avoid a substantial financial drain of resources and make them efficient. During a meeting with World Bank Resident Director Najy Benhassine, the minister also discussed the privatisation agenda with a specific focus on the divestment of PIA and o