The hike in tariff comes after the National Electric Power Regulatory Authority approved the government's request seeking up to Rs7.12 per unit hike in electricity base tariff for domestic consumers
Judge Muhammad Afzal Majoka accepted their pleas to annul their conviction, where they had been sentenced to seven years in prison and fined PKR 5,00,000 each earlier this year following a challenge by Bushra's ex-husband, Khawar Maneka.
Chairperson of PFMA, Asim Raza said that the measure has made flour mills withholding agents for tax collection. He said the tax is expected to increase flour prices by Pakistani Rupees (PKR) 8 per kg
Pakistan's electricity regulator, National Electric Power Regulatory Authority (NEPRA), has approved a request by the government to increase basic electricity tariff by up to Pakistani currency (PKR) 7.12 per unit.
The Pakistani government has borrowed approximately Pakistani currency (PKR) 3.2 trillion from scheduled banks from May 15 to June 28 of the fiscal year 2023-24, this works out to an average of 71.8 billion PKR per day
Despite a substantial loan from the Asian Development Bank (ADB) aimed at bolstering reforms, the cumulative debt of PSEs has soared to PKR 1.7 trillion, with an additional borrowing exceeding Rs43 billion in the fiscal year 2024.
Poultry dealers have reported an increase of PKR 37 per kilogram in chicken prices. The new rate now stands at PKR 421 per kilogram, with dealers attributing the hike to increased taxes.
The petroleum dealers were protesting against the government's decision to impose a 0.5 per cent advance turnover tax which, they say, would result in an additional tax burden of Pakistani Rupees (PKR) 1 million per pump, a demand they vehemently rejected and refused to accept under any circ
The central bank data reveals a significant 15 per cent increase in the federal government's total debt over the past year, marking an addition of PKR 8,852 billion. In May 2023, the total debt stood at PKR 58,964 billion, escalating to PKR 66,086 billion by April 2024.
They urged the government to review the budget and roll back punitive measures like increasing taxes on the salaried class and allocating Pakistani Rupees (PKR) 500 billion to MNAs for development schemes in their constituencies.
In an amendment to Finance Bill 2024, which was presented to the National Assembly on June 12, the government reduced the Petroleum Development Levy (PDL) on diesel and petrol from Pakistani Rupees (PKR) 80 to PKR 70 per litre but increased it from the existing PKR 60.