The government is almost set to allow new gas connections at the price of imported LNG — around Rs3,900 per million British thermal unit (mmBtu) at the current rate — and almost four times the current connection fee. Sources told Dawn that a summary has been moved by the petroleum division to the federal cabinet for lifting the ban on new connections, with a first-year target of 120,000. Pri
Prime Minister Shehbaz Sharif has said the government is working on a priority basis to digitalise the economy and shift financial transactions to a cashless and digital system. Chairing a review meeting on cashless economy in Islamabad on Sunday, he directed all the provincial chief secretaries to fully cooperate with the federal government in expanding the Raast digital payment system to the
Several parliamentary committees have raised serious concern over an international road-building project funded by the Asian Development Bank, citing alleged collusive practices and ghost tendering among other irregularities by the National Highway Authority in the award of the project. The standing committees of the Senate and the National Assembly on Economic Affairs Division (EAD) and commun
Indian Prime Minister Narendra Modi’s deepest tax cuts in eight years will strain government revenues but are winning praise from businesses and political pundits who say they will bolster his image in an ongoing trade fight with Washington. In the biggest tax overhaul since 2017, Modi’s government on Saturday announced sweeping changes to the complex goods and services tax (GST) regime which w
Business leaders on Saturday called on the government to create a pro-business environment by cutting interest rates, lowering power tariffs, and supporting export-led growth. Speaking at a joint press conference on the economic roadmap, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh and United Business Group Patron-in-Chief S.M. Tanveer said reduci