Month: March 2022

The Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood said in a tweet that according to provisional data released by the Pakistan Bureau of Statistics (PBS), exports soared by 36 percent to $2.808 billion in February 2022 as compared to $2.068 billion in the corresponding period last year. He added that Pakistan’s exports increased at the rate of $100 million per day, which is the fastest for any month. Dawood mentioned that Pakistan’s exports increased by 26 percent to $20.552 billion during July-February 2022 as compared…

Read More

Pakistan and India began three days of crucial talks Tuesday at the Permanent Commission of Indus Waters (PCIW) level on a six-point agenda that includes hydropower projects on the Chenab River such as Pakal Dal (1,000MW), Kiru (624MW), and Lower Kalnai (48MW), as well as other projects on the Indus in Ladakh. The agenda for the three-day talks also includes Pakistan’s objections to Tamasha Hydroelectric Power (HEP), Kalaroos-II HEP, Baltikulan Small, Darbuk Shyok HEP, Nummu Chilling HEP, Kargil Hunderman HEP, Phagla HEP, Mandi HEP, and Kulan Ramwari HEP. Both sides…

Read More

National Electric Power Regulatory Authority (Nepra) Tuesday allowed K-Electric to increase power tariff by Rs2.90 per unit on account of fuel cost adjustment for the month of January, local media reported. The Nepra chairman said that the issue of low gas pressure did not seem to be resolved soon, adding that the power consumers would have to pay extra Rs300 million due to gas shortage. The K-Electric officials told the Nepra chairman that the Sui Northern Gas Pipelines Limited (SNGPL) needed more investments to provide gas to the K-Electric. “It…

Read More

Ambassador of Kazakhstan Yerzhan Kistafin has said that trade and business ties between the business communities of Kazakhstan and Pakistan have been improving as the trade volume, which stood at US$45 million in 2020, rose to US$95 million in 2021 and there was a lot of room for further improvement through exchange of trade delegations and enhancing cooperation.Exchanging views during the visit of Kazakhstani trade delegation to Karachi Chamber of Commerce & Industry (KCCI) on Monday, Kazakhstani Ambassador informed that this delegation, after successfully completing visits to Islamabad and Lahore,…

Read More

The federal cabinet Tuesday formally approved a summary moved by the finance ministry, paving the way to promulgate an ordinance to offer a third tax amnesty scheme to industrialists. The finance ministry circulated a summary among the federal cabinet members on Monday for their approval of the scheme through the Income Tax Amendment Ordinance 2022. Under the amnesty, the government will allow industrialists to whiten their black money at a 5% rate by investing in the manufacturing sector. According to details, the government has decided to offer a 5% across-the-board…

Read More