Karachi, June 12, 2020: The federal government for the first time in the history has reduced budget estimates for the next fiscal year 2020-21 compared to estimates of last fiscal year (FY20) due to Coronavirus pandemic. According to budget documents available to thebizupdate.com, the total outlay of budget 2020-21 is estimated Rs 7,295 billion compare…
Islamabad, April 30, 2020: The federal government on Thursday announced to cut the petroleum products prices up to Rs 30 per litre following the massive fall in the crud oil prices in the international market. According to notification MS petrol price has been reduced by Rs 15 per litre. The new petrol price will be…
Karachi, April 22, 2020: Federal B Area Association of Trade & Industry (FBATI) strongly requests the Federal Government to permanently withdraw Industrial Support Package Adjustment (ISPA) arrears and provide relief to the industries, a statement said on Wednesday. Mr. Abdullah Abid, President and Mr. Masroor Alvi chairman sub-committee FBATI, reiterated that while K-Electric had deferred…
Karachi, March 02, 2020: The government on Sunday formally notified the ban on the export of onions. According to a notification issued by the food security and research ministry, the embargo will remain in place till May 31. The representative body of fruit and vegetable exporters has urged the government to allow the export of…
Karachi, November 23, 2019: While denouncing the statement of US foreign office diplomat Alice Well that China alone is the beneficiary of China-Pakistan Economic Corridor CPEC, Federal Minister for Planning and Development Asad Umer said that Pakistan is also an important beneficiary of this umbrella project in terms of energy and infrastructure. Federal Minister made…