BUSINESS
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PIA announces temporary salary cuts
Pakistan International Airlines (PIA) Chief Executive Officer Air Marshal Arshad Malik has announced a temporary reduction in salaries on Wednesday....
Fuel stations supplies slashed by 60% due to ‘intentional supply’
Oil supplies for fuel stations has been reduced by around 60% with suppliers claiming it is due to panic buying,...
ADB: $500m loan to help Pakistan’s coronavirus handling, economic relief
The Asian Development Bank (ADB) has approved a loan worth $500 million to Pakistan to help the country's coronavirus health...
Govt may cut FED on soft drinks
The government may cut federal excise duty (FED) rates for beverages and cement production in the new budget after heavy...
PM orders OGRA to ensure stock to meet license conditions or face punitive action
PM Imran directed the Oil and Gas Regulatory Authority (OGRA) and Petroleum Division to take necessary action to ensure regular...
Wheat transport allowed; duties waived off
The federal government on Sunday lifted the ban on inter-provincial transportation of wheat and abolish duties on import of the...
Tax-free budget for fiscal year 2020-21
The government will not introduce any new tax in the forthcoming budget for the fiscal year 2020-21 as a step...
Petroleum division urges action against oil dealers
Spokesman for the Ministry of Power (petroleum division) on Friday struck down insinuations of fuel shortages saying that petrol and...
IMF wants Pakistan to bring about massive fiscal adjustments amounting to Rs1,150bn
The International Monetary Fund (IMF) has asked the government to bring about massive fiscal adjustments amounting to Rs1,150bn to cut...
Pandemic may leave 3 million unemployed; poverty rate surge to 33.5 per cent
A report published last month had warned that the ongoing health crisis in the country would push millions into unemployment...
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