Total petroleum sales arrived at 1.30 million tons in May 2023, plunging by 40 percent year-on-year (YoY) amid a surge in petroleum prices, a slow economy, availability of smuggled petroleum products from Iran, and reduction in Furnace Oil (FO) based …
Pakistan exported 90,000 tons of surplus fuel oil in May 2023 due to poor local demand in recent months.Fuel oil exports reached 250,000 tons during March-May 2023, with more exports planned in the coming days as consumption of fuel oil has not increa…
Rapid construction work is going on Kachhi Canal Extension Project and is likely to be completed in the next few months.WAPDA is executing the project and after the completion of the extension, the command area of Kachhi Canal Phase-I will extend to 1…
Governor State Bank of Pakistan, Mr. Jameel Ahmad, has said that Pakistan’s banking industry was investing in technological upgrades to facilitate its customers and improve their overall banking experience.He was optimistic that exciting projects like…
During an interview with CNBC’s Jim Cramer, HP CEO Enrique Lores shared his belief that artificial intelligence (AI) will have a profound impact on the personal computer industry, including his own company.These innovative PCs are expected to be avail…
Finance Minister Ishaq Dar has said the upcoming budget will be a business and people friendly budget.In an interview with a private news channel, he said the government has fulfilled all the conditions of the International Monetary Fund.He said Imran…
The Federal Tax Ombudsman (FTO) has proposed the Federal Board of Revenue (FBR) to define property developer, property promoter, and builder in the Islamabad Capital Territory (Tax on Services) Ordinance, 2001 to collect sales tax on services rendered…
The federal government is considering imposing a new withholding tax on frequent foreign travelers in the upcoming budget (2023-24).Sources told ProPakistani that the tax has been proposed for all categories of travelers on international air travel. T…
