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.
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.
India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) will enter into force on December 29 paving the way for the elimination of duties on 100 per cent tariff lines and creating additional 10 lakh jobs in India.
Indian telecom operators continue to have one of the lowest monthly average revenue per user (USD 2.5) and the highest monthly data usage (20 GB) in the world.
Islamabad [Pakistan], September 30 (ANI): Amid a worsening economic crisis due to floods, high inflation and depreciating currency, Pakistan on Friday urged the International Monetary Fund (IMF) to ease harsh terms which require Islamabad to increase power tariffs and fuel taxes over next si
Islamabad [Pakistan], September 29 (ANI): Thousands of farmers from Punjab flocked to Islamabad to stage a protest demanding reduction in electricity tariffs and resolution of other economic issues they are facing pertaining to agriculture.
Chengalpattu (Tamil Nadu) [India], September 16 (ANI): Staging a protest against the hike in power tariffs in Tamil Nadu's Chengalpattu on Friday, AIADMK interim general secretary Edappadi Palaniswami alleged that the MK Stalin family dominates the administration and he is a "puppet" chief m
Islamabad [Pakistan], September 15 (ANI): The adjacent nations of Pakistan and Iran have long been involved in a face-off as border incursions, cross-border terrorism, heavy tariffs on border trade, illegal immigration and risks of sectarian fault lines continue to remain main points of cont
Kabul [Afghanistan], September 10 (ANI): Afghanistan sellers are frustrated by Pakistan's action of increasing customs tariffs on fresh fruit every year during the export season and said if the tariffs continue it will incur heavy losses to them, media reports said.
Colombo [Sri Lanka], August 27 (ANI): Amid the existing economic crisis in the country, the Sri Lanka Ministry of Water Supply announced to increase the water tariffs with effect from September 1, a gazette notice from the Ministry stated.
New Delhi [India], August 22 (ANI/NewsVoir): With the 15th edition of the Twenty20 International cricket tournament of Asian countries approaching, the excitement of all cricket fans is palpable in the very air. As cricket fans across the world gear up to celebrate one of the most anticipate