THE PPP has aptly advised the central government to worry about improving its tax collection rather than eying the provinces’ share of tax revenues. Reacting to recent reports that the IMF wants Pakistan to restart discussions on the 2009 NFC award to correct the ‘imbalance’ in the centre-provinces distribution of tax resources, PPP Senator Sherry Rehman rejected suggestions that the global len
In its first fuel price revision announcement, the newly elected government on Friday maintained the price of petrol but slashed diesel for the next fortnight. In an announcement before midnight, the Ministry of Finance said the new price of diesel would go into effect on March 16, as recommended by the Oil and Gas Regulatory Authority (Ogra). The price of petrol remains Rs279.75 per litre
Apple agreed to pay $490 million to settle a class-action lawsuit that alleged Chief Executive Tim Cook defrauded shareholders by concealing falling demand for iPhones in China. A preliminary settlement was filed on Friday with the US District Court in Oakland, California, and requires approval by US District Judge Yvonne Gonzalez Rogers. It stemmed from Apple’s unexpected announcement on Ja
As the pressure grows to stop the smuggling of mobile phones, the government is set to devise a mechanism with the help of private sector stakeholders. On Feb 12, Anwaarul Haq Kakar, the former caretaker prime minister, took the first step in this regard by establishing a Mobile Phone Smuggling Committee headed by the DG Reforms and Automation Customs Department. The customs department has w
China is expediting work on CPEC phase-II to materialise the dream of a shared future in the new era for the benefit of the two nations, says Chinese Consul General in Lahore Zhao Shiren. “Pakistan and China are all-weather strategic cooperative partners, and Beijing hopes to work with Islamabad to reach new heights of iron-clad friendship,” Mr Zhao said at an Iftar dinner hosted by Institute o