Pakistan has not yet received encouraging response from the manufacturers of electric vehicles as the country has a limited market for such environment-friendly cars. In a cabinet meeting held recently, the Ministry of Industries and Production informed the forum that Pakistan had failed to generate interest and attract electric vehicle manufacturers. It pointed out that مزید پڑھیں

In order to create a tax culture, we should start with Parliamentarians, Federal Minister for Finance and Revenue Shaukat Tarin said on Monday while inaugurating the Parliamentarians Tax Directory for the tax year 2019. “We are taking steps to bring transparency and simplification in the tax system,” Tarin said, adding that taxes play a vital مزید پڑھیں

The unprecedented drug price hikes in Pakistan are not only hitting the poor cluster of the society hard but also impacting the middle income families. Using the lower middle-income poverty rate ($3.2 per day), a study from the World Bank concluded that Pakistan’s poverty rate stood at 39.3%, meaning that about 90 million people lived مزید پڑھیں

Federal Energy Minister Hammad Azhar has reassured that the economic conditions of Pakistan, though serious at present, are “somewhat better” in comparison to other countries of the world, “thanks to the policies of the government”. “The hike in inflation was not caused by any failure or misplaced policy of the government. But the people who مزید پڑھیں

Following a hike in the prices of petroleum products on the first day of the New Year, power tariffs are again going to witness an increment as power distribution companies have moved the National Electric Power Regulatory Authority (Nepra) to increase the tariffs. Earlier, on December 9, 2021, Nepra had increased tariffs by Rs4.74 per مزید پڑھیں

Denmark’s government has set an ambitious target of making all Danish domestic flights green by 2030, Prime Minister Mette Frederiksen said Saturday. “Will it be difficult? Yes. Can it be done? Yes, I think so. We’re already on it. Talented researchers and businesses are working on solutions,” Frederiksen said in her New Year’s Day address مزید پڑھیں

China will end subsidies for electric and hybrid cars at the end of the year, authorities have announced, saying the strength of sales in the sector meant state support was no longer needed. In a statement published Friday, the Ministry of Finance said purchase subsidies would be reduced by 30% from the beginning of 2022 مزید پڑھیں

Government of Pakistan (GOP) on Friday announced to hike petrol prices by Rs4 on the eve of New Year 2022. According to the Finance Ministry, the petrol will be sold at a price of Rs144.82 per litre.On the other hand, the price of diesel has also been raised by Rs4 after which it will be مزید پڑھیں

The lira tumbled almost 8 per cent against the dollar on Monday amid persisting investor concern over Turkey’s monetary policy, having surged more than 50pc last week after billions of dollars of state-backed market interventions. The lira was also supported last week by a government move to cover FX losses on certain deposits. It weakened مزید پڑھیں

The Sui Southern Gas Company (SSGC) on Sunday announced that industrial areas in Sindh and Balochistan will observe a one-day closure on a rotational basis. According to a notification issued in this regard, the process will ensure better system pressures for other sectors. The notification added that the decision has been taken because of the مزید پڑھیں