Government urged to ban export of diesel
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The government is likely to ban export of diesel to Afghanistan on the request of Pakistan State Oil (PSO) in an effort to avoid loss of more than Rs1.5 billion due to misuse of export facility and to reduce foreign exchange pressure on import of the product.
“The government should ban export of diesel [...]
Tarin is Leaving
Hamara to wazir-e-khazana ja raha hay (Our finance minister is leaving), Prime Minister Gilani was caught telling former finance minister Ishaq Dar, moments before the start of Monday’s press conference after his meeting with PML-N leaders.
Perhaps not realising that at least one among the array of microphones on the table in front of him was [...]
Finally a Good News
Finally, some sensible people have made better choice and rejoiced the nation. The expected clash between judiciary and executive has been settled in very civilized manner. PM showed sense and CJ showed magnanimity and we are through the issue. This is how situation and crisis becomes easy on nation.
Now, it has become more of a [...]
Agricultural going to be Taxed
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The government would bring new services into the tax net in next year’s budget and generate meaningful revenue contribution from property, agricultural sector and stock markets.
During a meeting with a task force on private sector development, the minister said the government would convert capital value tax on property into capital gains tax and [...]
New wave of price spiral on its way
As the falling rupee has already made imports costlier, consumers are set to pay Rs0.50 to Rs2 per kg more as the direct outcome of over nine per cent increase in petroleum prices for this month.
The rupee stood at Rs80 to a dollar in January 2009 which slipped to Rs84.50 in January 2010 and on [...]
Indian goods being taken to Nato troops via Pakistan
Despite Pakistan’s refusal to let Indian products be taken to Afghanistan through its territory under the Afghan Transit Trade (ATT), Indian goods are being taken to the country via Pakistan under the tags of Isaf and Nato.
Documentary evidence placed in the National Assembly library may have failed to catch the attention of honourable parliamentarians, [...]
Committee on Oil Price
The committee of experts constituted by the government on the instructions of Supreme Court to revise the oil pricing mechanism has decided to present a two-point report to the court for guidance, or decision, as all its computations require increase in prices to offset the ‘negative margins’ of refineries.
Members of the committee and representatives of [...]
Price Hike
Unsuspecting electricity consumers are being charged around 35 per cent more than what they were paying before the government raised the power prices by six per cent in October last year.
The cumulative increase in the power bills is estimated to come to more than 50 per cent in the bills for January. The charges for [...]
Austerity???
ONE reason why the government lacks credibility and fails to mobilise the people to cooperate with it is its inability to implement its own policies. It announces one measure and does the opposite. The latest example of this duplicitous exercise was the cabinet meeting – described as a ‘picnic’ by some – on PNS [...]
NFC Signed at Gawadar Port
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The historic NFC Award document was signed at a ceremony held in Gwadar on Wednesday with Prime Minister Yousuf Raza Gilani as Chief Guest on the occasion.
The ceremony was attended by Federal Finance Minister, Shaukat Tarin, all Provincial Chief Ministers and their respective finance ministers besides other dignitaries.
The NFC Award document was signed [...]
