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Minister reviews proposed draft of Public Finance Management Act
LAHORE: Punjab Finance Minister Makhdoom Hashim Jawan Bakht chaired a meeting and reviewed the proposed draft of the Public Finance Management Act, a statement said on Tuesday. –IQTIDAR GILANI
Rupee misery continues, dollar hits fresh record high of Rs176.79
KARACHI: The dollar jumped to the new historic high of Rs176.79 on Tuesday, as Saudi fund deposits failed to leave any positive impact despite expectations. –SHAHNAWAZ AKHTER
IFC to help Sindh govt on drinking water supply project for Karachi
KARACHI: The International Finance Corporation (IFC) signed a landmark agreement on Tuesday to help the Sindh government in the structuring of a public-private partnership project that will provide clean drinking water to nearly one million people in Karachi, a statement said. –HAMZA HABIB
Minister assures Aptma of taking up gas price hike issue with federal govt
LAHORE: Punjab Minister for Industries and Trade Mian Muhammad Aslam Iqbal has assured the All Pakistan Textile Mills Association (Aptma) of taking up the issue of gas price hike from $6.5/MMBTU to $9/MMBTU for the export-oriented units in Punjab with the federal government at all appropriate levels, while agreeing that it has led to a huge price disparity among provinces. –HASSAN NAQVI
FBR raises sales tax rates on high-speed diesel, kerosene
KARACHI: The Federal Board of Revenue (FBR) on Tuesday notified an increase in the sales tax on high-speed diesel (HSD) and kerosene. –SHAHNAWAZ AKHTER
Bulls continue to dominate PSX; KSE-100 Index gains 572.72 points
KARACHI: The Pakistan stocks closed on a positive note on Tuesday, as investors cheered the news flow regarding opposition delaying their protest campaign against inflation, dealers said. –JAVED MIRZA
Nepra approves Rs3.75/kWh hike in consumer tariff
KARACHI: The National Electric Power Regulatory Authority (Nepra) has allowed K-Electric Limited to collect an additional Rs3.75/kWh from the consumers under the fuel cost adjustment (FCA) for September 2021. –JAVED MIRZA
Debt settlement negotiations nearing conclusion: Hascol
KARACHI: Hascol is nearing the conclusion of debt settlement negotiations to settle the debt it has defaulted on, an official of the Hascol Petroleum Limited Company said on Tuesday. –LATIFUR REHMAN
Bearer prize bonds to expire by month-end; Rs28 billion bills still in circulation
KARACHI: The bearer prize bonds of high denomination will expire by the end of the current month but unregistered securities worth billions of rupees are still in circulation. –SHAHNAWAZ AKHTER
SBP property valuators to help tax authorities
KARACHI: Property valuators of the State Bank of Pakistan (SBP) will help the Federal Board of Revenue (FBR) in reviewing the valuation tables of immovable properties released recently. –SHAHNAWAZ AKHTER
Pakistan’s total debt rises 13.5% to Rs40.28 trillion
KARACHI: The total debt of the country has increased 13.5 per cent, or Rs4.78 trillion, to Rs40.28 trillion by the end of October 2021, compared with Rs35.5 trillion a year ago. –SHAHNAWAZ AKHTER
Govt urged to withdraw increase in property valuation
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to withdraw the recent increase in property valuation, a statement said. –IQTIDAR GILANI
Rupee recovers 12 paisas at the interbank opening
KARACHI: Pakistani rupee gained 12 paisas against the dollar in early trade at the interbank foreign exchange market on Tuesday. –LATIFUR REHMAN
KSE-100 opens bullish today
KARACHI: The Pakistan stocks opened on a bullish note as the KSE-100 index witnessed an increase of 517.29 points, or 1.2 per cent, in the first hour of trading on Tuesday. –LATIFUR REHMAN
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