Federal and provincial law enforcement agencies and district administrations will have “a free hand” in dealing with profiteers and hoarders during the month of Ramazan. The directive was issued by Prime Minister Shehbaz Sharif who chaired a meeting on Monday to review the availability and prices of essential food items during Ramazan. Removing all reins, the prime minister ordered “operatio
Prime Minister Shehbaz Sharif on Sunday formally constituted a committee to monitor the implementation of ‘ambitious’ austerity measures announced a few days ago. A notification regarding the constitution of the committee was issued at the directive of the prime minister. The seven-member committee included Finance Minister Ishaq Dar, Education Minister Rana Tanveer Hussain, IT and Telecommu
The pending tax refunds of multinational companies operating in Pakistan have grown to Rs93 billion, up 15 per cent from October 31, 2022, when the representative body of foreign investors last took up this matter with the revenue collection authority. A tax refund is a payment to the taxpayer after it has paid to the government more tax than it owes. Businesses have routinely accused tax au
Energy Minister Khurram Dastgir Khan on Monday told the parliament that the government would recover Rs9.90 to Rs14.24 per unit outstanding fuel costs from consumers of less than 300 units in an 8-month staggered schedule. Mr Dastgir said an additional surcharge of Rs3.82 per unit would also be imposed on those using above 300 units to fund power sector loans under the insistence of the Interna
DHL, a global logistics company, announced on Monday to suspend some of its operations partially in Pakistan due to restrictions on outbound remittances by the government. DHL Pakistan has informed its customers that it is suspending ‘Import Express Product’ and restricting outbound shipments to a maximum weight of 70kg per shipment for all customers billed in Pakistan from March 15. The com