Petrol and HSD are the two products that generate most of the revenue for the government because of their massive and yet growing consumption in the country. Average petrol sales are touching 750,000 tonnes per month against the monthly consumption of around 800,000 tonnes of HSD.
Economy
The government is likely to extend deadline for filing tax returns.
The government will establish commodity warehouses and cold storages in the country to facilitate the growers, says Tarin.
The finance minister said that wheat prices will fall in the coming days due to the government’s effective measures.
Interestingly, rupee exchange rate has become more vulnerable after finance minister Shoukat Tarin’s statement about shortage of dollars in Afghanistan.
CCoE directs Petroleum Division to revisit the upfront incentive package offered to the existing refineries in the country.
Power Division submits a report of the Implementation Committee on the ratification of the IPPs agreement.
Winter incentive package for electricity consumers was submitted by the Power Division and approved by CCoE.
Chinese authorities have agreed to hold the 10th JCC meeting in the last quarter of this month, says Khalid Mansoor.
The SAPM said there were nine Joint Working Groups (JWGs) of the JCC in various sectors.
The 10th annual meeting of the JCC on CPEC was earlier scheduled for July 16 but was postponed due to certain security issues.
PM Imran Khan tells Chinese investors he will chair a self-review meeting on a monthly basis to address their issues.
PM says govt pursuing Ease of Doing Business policy.
“Chinese investment will create employment opportunities in Pakistan and manpower will learn skills,” says premier.
Islamic banks financing share in SMEs and agriculture was just 2.6 per cent and 1.2pc, respectively, in comparison with overall banks financing in Pakistan.
Low interest rate and record car financing of Rs314 billion by banks till July 2021 played a big role reviving the auto production and sales in FY21, with the momentum continuing in 2MFY22.