FBR chief questioned over increased taxes on vehicles, property

Senator Salim Mandviwala chairs a meeting of the Senate Standing Committee on Finance in Islamabad on June 20, 2024. — X/@SenatePakistan ISLAMABAD: Federal Board of Revenue (FBR) Chairman Asim Ahmad Thursday was questioned by senators over the increased taxes on the country’s automobile, property, and other sectors. Lawmakers, who are members of the Senate Standing Committee on […]

Elon Musk’s Tesla recalls over 125,000 vehicles amid increased injury risk

Tesla once again recalls hundreds of vehicles to address malfunction. — Reuters/File Elon Musk’s Tesla is recalling 125,227 vehicles in the United States as a result of a malfunction in its seat belt warning system, the National Highway Traffic Safety Administration announced on Friday, CNN reported. According to the NHTSA, the vehicles failed to comply […]

Petrol price increased by Rs4.13 per litre for next fortnight

A fuel station worker refills a car’s petrol tank. — AFP/File ISLAMABAD: In line with the global oil rates, the outgoing caretaker government has increased the price of petrol by Rs4.13 per litre for the next fortnight. The new petrol price is Rs279.75 per litre, a notification from the Finance Division read, which will remain in […]

Residential gas prices increased by 67% | The Express Tribune

ISLAMABAD: The federal cabinet on Thursday increased gas prices for residential users up to 67% and for fertiliser plants by 700% to recover additional Rs242 billion from all the consumers – in a decision that attempts to bring some equity in the rates of the fast depleting natural asset. Immediately after the cabinet meeting, the […]

Gas tariff to be increased for fertilisers from this month

A farmer sprinkles fertiliser in a field. —APP/File ISLAMABAD: The government is likely to hike the gas tariff for fertiliser producers from this month to fulfil a key demand of the International Monetary Fund (IMF) of controlling circular debt, Geo News reported citing sources. Officials told Geo News, on the condition of anonymity, that three ministries […]

Petrol, diesel prices increased massively due to ‘IMF conditions’

An employee of a gas station fills the tank of a motorbike in Karachi, on July 16, 2021. — AFP The federal government has decided to increase the price of petroleum products in Pakistan by Rs19.95 per litre for the next fortnightly review, Finance Minister Ishaq Dar announced Tuesday, in line with commitments made to […]

Has govt increased petrol price in Pakistan?

A man fills the fuel tank of a car. — AFP/File Following a reduction in international crude oil prices, a viral notification — allegedly issued by the Finance Division — saying that petrol prices had increased was declared to be “fake”, the Ministry of Information and Broadcast (MOIB) said. The notification stated the costs of […]

Risks to financial stability have increased: IMF chief

International Monetary Fund (IMF) chief Kristalina Georgieva. — AFP/File BEIJING: International Monetary Fund (IMF) chief Kristalina Georgieva on Sunday warned that risks to financial stability had increased and stressed “the need for vigilance” following the recent turmoil in the banking sector. Speaking at a forum in Beijing, the IMF managing director said she expected 2023 […]

Margins, freight rates increased for OMCs | The Express Tribune

ISLAMABAD: The government has increased margins and freight rates for oil marketing companies (OMCs) and the petroleum levy on high-speed diesel. In the latest oil price revision, the government has hiked the margins on petrol by Rs0.32 to Rs4 per litre. As far as diesel is concerned, the margins were jacked up by Rs1.32 to […]

Power tariff increased by Rs0.42 | The Express Tribune

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday approved an increase of Rs0.42 per unit in power tariff on account of quarterly adjustment. The approval came at a public hearing held by the power sector regulator. In a statement, Nepra said that the revised tariff would be applied to the electricity consumers for […]

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