The country which has been enjoying the facility since 2014 has immensely gained from the zero import duty on 66 pc of the tariff lines. Due to it, Pak exports to EU increased substantially from EUR3.56 billion in 2013 to EUR6.64 billion in 2021, mostly in the textile, leather, sports and su
The Government of India has made sustained efforts to achieve a more balanced trade with China, including bilateral engagements to address the non-tariff barriers on Indian exports to China, Union Minister Rao Inderjit Singh told the Rajya Sabha on Monday.
Notwithstanding the fact that crisis-hit country has completed a major part of IMF conditionality, glitches still remain with regard to external financing requirement.
The federal government will book the highest-ever budget deficit despite putting an extra burden of Rs 735 billion on citizens till the end of June on account of higher gas and electricity tariffs and additional taxes.
Amid the hike in water tariff, Kerala Water Resources Minister Roshy Augustine said in the state assembly that the hike of Re 1 in water charges would not affect the people as they can afford it.
Meanwhile, Pakistan is contesting the fiscal gap in achieving the primary deficit. Pakistani authorities have asked the IMF for incorporating flow of reduction under the revised Circular Debt Management Plan (CDMP) and reduced the amount of required additional subsidy of Rs 605 billion again
Directorate General of Civil Aviation (DGCA) has a Tariff Monitoring Unit that monitors airfares on certain routes on a monthly basis to ensure that the airlines do not charge airfares outside a range declared by them, General (Rtd) VK Singh, Union minister of state for civil aviation said i
The discussion will revolve around Pakistan's plan for taking additional taxation measures to fetch over Rs 200 billion through a presidential ordinance, rationalizing expenditure, and hiking both electricity and gas tariffs for erasing the monster of the circular debt.
The two draft ordinances prepared for Rs 100 billion each in taxes and flood levies. Pakistan is also considering discontinuing power subsidies, imposing sales tax on raw materials for exports, as well as, hikes in power, and gas tariffs are also on the agenda.