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Articles for tag: additional, Cost, costs, Development, Export, Exporters, Government, pressures, reducing, removes

December 3, 2025

News Desk

The government removes additional export development costs, reducing cost pressures on exporters

Prime Minister Shehbaz Sharif chaired a meeting on 24 November 2025 where the Export Sector Working Group presented its update. — PID SBP says all previous circulars related to the surcharge have now been withdrawn. It says all export goods are exempted from the surcharge with immediate effect. The Councilor says the move follows the formation of new private sector-led working groups. The federal government has canceled the growth surcharge on all exports, the State Bank said on Tuesday, giving exporters some breathing room as they try to cut costs and remain competitive in global markets. The Export Development Surcharge

October 25, 2025

News Desk

Shan Masood has been given an additional role as International Cricket Advisor

Pakistan captain Shan Masood addressing a press conference ahead of the first test against England at the Multan Cricket Stadium, October 6, 2024. — APP LAHORE: Pakistan Test captain Shan Masood has been appointed International Cricket and Player Affairs Advisor, the Pakistan Cricket Board (PCB) announced on Friday. The announcement was reportedly first made by PCB Chairman Mohsin Naqvi at a recent lunch for the Pakistan and South African teams, which was also attended by Prime Minister Shehbaz Sharif. The cricket board has now made the official announcement in a short statement. However, he did not disclose Masood’s responsibilities in

August 6, 2025

News Desk

Trump Order imposes an additional 25% invoice on goods from India

India Prime Minister Narendra Modi speaks to US President Donald Trump during a meeting at Hyderabad House in New Delhi, India, February 25th 2020 – Reuters Trump says he finds India importing Russian oil Federaion. Indian goods to deal with an additional 25%advertising rate. Necessary and suitable for imposing additional invoice: Trump. US President Donald Trump issued on Wednesday an executive order imposing an additional 25% invoice on Indian goods, citing continuous imports of Russian oil of the New Delhi, escalating tensions between the two countries after the collapse of trade talks. The new measure increases invoices in some Indian

August 3, 2025

News Desk

Govt prohibits additional grants under IMF policy

The building of the International Monetary Fund (IMF) is in this image taken on April 8, 2019 – Reuters The Ministry of Finance issues an official memorandum. Only disaster -related grants are allowed without the nod of parliament. Ministries must exhaust all options before looking for extra funds. ISLAMABAD: The Finance Directorate made it clear that additional grants for intact expenses will not be approved – except in the case of serious natural disasters, The news reported. The Ministry of Finance issued an official memorandum for this purpose, aligning in terms set out by the International Monetary Fund (IMF) under

July 8, 2025

News Desk

Trump slapped additional 10% invoices in BRICS nations

Listen to the article US President Donald Trump’s decision to hit the “anti-American” Nations BRICS-including China and India-with an additional 10 % commercial invoice, put on the last day of the top of the block in Rio de Janeiro Monday. Trump threatened the grouping of 11 nations-which includes some of the fastest emerging economies in the world-late Sunday after warning his “prying”, devastating and illegal invoices. “Any country is in line with BRICS anti-American policies, an additional 10%invoice will be charged,” Trump writes in social media. BRICS members represent about half of the world population and 40 % of world

July 7, 2025

News Desk

Alignment with BRICS anti-US policies to invite additional 10% invoices, warns Trump

US President Donald Trump talks to media members on arrival at Morristown Airport, Morristown, New Jersey, USA, July 6 2025. – Reuters BRICS members say invoices are risking the global economy. Members provide symbolic support to Iran’s colleague. Trump warns that it will impose unilateral contributions on partners. US President Donald Trump said countries that are in line with BRICS ‘anti-American policies will be charged an additional 10%invoice. “Any country is in line with BRICS’s anti-American policies. It will be charged an additional 10%invoice. Trump said in a place in the truth social. Trump did not clarify or expanded the

May 30, 2025

News Desk

Trump Admin orders additional visa check for Harvard applicants

Listen to the article The US Foreign Ministry has ordered all its consular missions abroad to begin an additional examination of visa applicants who want to travel to Harvard University for any purpose, according to an internal cable that Reuters saw on Friday, in a move that extensively expanded by Donald. On a cable dated May 30th and is sent to all diplomatic and consular positions of the US, US Secretary of State Marco Rubio ordered the immediate launch of “additional control of any non -migrant applicant for any purpose”. These candidates may include prospective students, students, teachers, employees, contractors,

April 29, 2025

News Desk

World Bank approves $ 108 million additional funding for KP projects

World Bank team written on a screen. – AFP/ file The Kite project encourages responsible tourism, says Kiran. Economic subsidy for “Enable Projects” to achieve goals. Financing for Kite to strengthen the tourism sector, WB says. ISLAMABAD: The World Bank approved additional funding of $ 108 million for the KHYBER PAKHTUNKHWA (KPRAP) and KHYBER PAKHTUNKHWA Integrated Tourism (KITE). The KPRAP project is worth $ 78 million and the Kite project is estimated at $ 30 million. The economic grant has been approved to allow both projects to achieve their goals for improving access to health and education, markets and jobs,

December 28, 2024

News Desk

About Rs 70 billion in additional tax revenue is expected after the amendments to the ADR

A trader counts Pakistani rupee notes at a currency exchange in Peshawar. — Reuters/File The banking sector interest rate jumped from 39% to 44%. The National Treasury is expected to receive 70-75 billion. Rs in taxes. ADR will be replaced with fixed maximum plate ratios. ISLAMABAD: The federal government is eyeing an additional Rs 70-75 billion in the state kitty by the end of December after the cabinet approved promulgation of an income tax ordinance to bring about changes in the Advance Deposit Ratio (ADR). The News reported on Saturday. According to the proposed agreement reached between the committee led

December 28, 2024

News Desk

Cabinet removes 15% additional tax on banks

Listen to the article Islamabad: The federal cabinet on Friday approved a decree to scrap the 15 percent surcharge on profits banks make by lending to the government, but raised their regular income tax to 44 percent to largely recoup tax losses. Led by Prime Minister Shehbaz Sharif, the cabinet has given legal cover to the agreement reached between the Pakistan Bankers Association and the federal government on the issue of advance tax of up to 15%, according to cabinet members. Deputy Prime Minister Ishaq Dar negotiated well and managed to recover most of the losses by increasing the tax

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