Petroleum Minister Ali Pervaiz Malik on Sunday said plans were underway to launch a scheme with Saudi Arabia, Kuwait and Qatar for oil storage to strengthen energy security. Pakistan has been planning to boost domestic storage for crude oil and refined products to increase its energy security, it emerged in May. With no strategic petroleum […]
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https://www.dawn.com/news/2021623
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KARACHI: Consumers continued to face rising prices for wheat and wheat flour as the federal government plans to import one million tonnes of grain to curb the escalating costs. According to the Sensitive Price Index data as at Aug 6, the prices of 20 kg wheat flour, 10 kg wheat bag and one kg fine […]
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ISLAMABAD: At a time when the country’s export proceeds are declining, the government has released Rs10 billion in payments against decade-long outstanding subsidies and textile upgradation claims, offering partial relief to exporters struggling with cash-flow constraints. The release of a bulk amount in one go comes as the textile sector grapples with surging production costs […]
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• Petitioners term concessional treatment of oil tanker contractors ‘discriminatory’• Argue distinction based merely on nature of goods being transported ISLAMABAD: The Islamabad High Court (IHC) has sought responses from the federal government, the Federal Board of Revenue (FBR) and other respondents on a petition challenging the increase in withholding tax (WHT) on goods transportation […]
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https://www.dawn.com/news/2021626
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ISLAMABAD: After investigating over 35 complaints of misappropriation of Rs446.66 million, the Securities and Exchange Commission of Pakistan (SECP) has referred the case of M/s Blink Capital Management (Pvt) Ltd to the Federal Investigation Agency (FIA). for further investigation and appropriate action under the law. SECP Chairman Dr Kabir Ahmed Sidhu said that the commission […]
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Pakistan and New Zealand discussed boosting cooperation in various fields, with a special focus on agriculture and education, as the two sides held a Joint Trade Committee (JTC) meeting in Wellington, the Foreign Office (FO) said on Saturday. The third Pakistan-New Zealand JTC meeting and the fifth round of Pakistan-New Zealand Political Consultations were held […]
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ISLAMABAD: Bank of Punjab President and Chief Executive Zafar Masud has argued that the country’s GDP growth figures failed to capture how ordinary citizens are coping with current economic issues. He suggested a roadmap calling for working towards a ‘Welfare GDP’ measure, saying it does require a smarter pooling of existing indicators, including Gross National […]
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HOUSTON: Oil prices gained on Friday as markets assessed a pending agreement between Iran and Oman that would set rules for transit of the Strait of Hormuz. Brent crude futures were up 93 cents, or 1.14 per cent, at $83.42 a barrel at 1:14 p.m. CDT (1814 GMT). West Texas Intermediate futures rose 96 cents, […]
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