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Articles for tag: additional, Cabinet, decides, duty, imposing, panels, solar

June 25, 2024

News Desk

Cabinet decides against imposing additional duty on solar panels

An employee of the Pakistani company sets up a solar panel during a marketing demonstration in a park in Islamabad in this photo taken on March 10, 2012. — AFP PM Shehbaz directs acceleration of PIA privatization process. Formation of a committee to monitor prices, sugar exports. The Council of Ministers approves the decisions of the Economic Coordination Committee. After speculation about changes in net metering and new taxes on solar products raised many eyebrows, Prime Minister Shehbaz Sharif has made it clear that the federal government will not impose additional duties on solar panels to ensure access to low-cost

June 13, 2024

News Desk

Loaded with taxes, budget for additional Rs 3.8 tr under IMF check

A man walks past the logo of the International Monetary Fund (IMF) at its headquarters in Washington, U.S., May 10, 2018. — Reuters The government is massively raising direct, indirect taxes to historic highs. FBR proposes ban on foreign travel of non-candidates. 18% sales tax imposed on cell phones under $500. ISLAMABAD: The government has sharply increased both direct and indirect taxes to a record high in the budget, showing that the loan deal with the International Monetary Fund (IMF) to rescue Pakistan’s economy outweighs the much-needed relief to the inflationary masses, whose incomes have skyrocketed in recent years. The

June 11, 2024

News Desk

World Bank approves additional financing of $1 billion for Dasu project

A participant stands near a World Bank logo at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. — Reuters The funding will support the “expansion” of hydroelectric supply. Local communities have improved access to socio-economic services. Benhassine calls the project a “game changer” for Pakistan’s energy sector. The World Bank on Tuesday approved $1 billion in a second round of additional financing for Pakistan to fund the Dasu Hydropower Stage I (DHP I) project. This move by the world bank’s Board of Executive Directors will support the country’s transition to

May 28, 2024

News Desk

The Pakistan team provided additional security

Pakistan’s Fakhar Zaman (right) reacts after being dismissed during the second T20 international cricket match, England v Pakistan, Edgbaston, Birmingham, May 25, 2024. — AFP LAHORE: After some players faced untoward incidents during an ongoing overseas tour, the England and Wales Cricket Board (ECB) has provided two additional security officers to the Pakistan cricket team. sources said Geo News that these additional security officers will be present during the movements of the national players. Fans surround the players, including captain Babar Azam, whenever they step out of the hotel. This led to some nasty videos from England. In response to

May 2, 2024

News Desk

Additional wheat imports caused losses of over Rs 300 billion, food ministry tells PM

A representational image of wheat. — Unscrew Wheat traders were exempted from duty, sources said. Last year, 28.18 million tons of wheat were produced. Wheat is sold at a lower price than the official price. ISLAMABAD: Prime Minister Shehbaz Sharif has been informed that as part of an organized scheme, extra wheat was imported during the tenure of the caretaker government, which caused losses of over 300 billion rupees. Geo News it said on Thursday, citing sources. The sources said under the direction of Chief Minister Shehbaz, significant progress has been made in the wheat scandal investigation. According to sources,

April 30, 2024

News Desk

The Weeknd donates an additional $2 million to the Gaza famine

Multi-platinum global recording artist Abel Tesfaye, better known as The Weeknd, has pledged another $2 million to the Gaza Strip from the XO Humanitarian Fund. The latest donation aims to provide 18 million loaves of bread to families trapped in the ongoing war. According VarietyThe Weeknd’s donation was made in conjunction with the United Nations World Food Program (WFP), which will provide 1,500 metric tons of enriched wheat flour to feed more than 157,000 Palestinians. In December last year, The Weeknd pledged $2.5 million, the equivalent of four million emergency meals, to the Gaza Strip amid severe food shortages. The

April 2, 2024

News Desk

Olympiacos identified an additional driver for Smith’s Masters tilt

SYDNEY: If Cameron Smith needed any extra motivation to perform well at the Masters later this month, his desperation to reach the Paris Olympics in August will provide it. The 2022 British Open champion tied for 10th at the Tokyo Olympics three years ago but, as world number 62, is ahead of four other Australians in the world rankings, which will determine which two players go to Paris . Smith’s withdrawal from the LIV Tour means he does not earn ranking points from most of his events, so performing well at Augusta as well as the PGA Championship in May

March 29, 2024

News Desk

Consumers can pay an additional Rs85b

Islamabad: The National Electricity Regulatory Authority (Nepra) has approved an increase of Rs 2.7492 per unit in electricity tariffs due to the second quarterly adjustment for the financial year 2023-24. The quarterly adjustment will have a total impact of Rs 85.2 billion on consumers for October-December FY24. The currently applicable two quarterly adjustments of Rs 4.43 per kilowatt hour (kWh) will cease to exist from March 30, 2024. Considering the interest of the consumers, Nepra has decided to implement the second quarterly adjustment from April 2024 onwards, i.e. after the expiry of the existing quarterly adjustments. The second quarterly adjustment

February 17, 2024

News Desk

The ICJ rejects South Africa’s request for additional emergency measures in Rafa

Israel had called on the ICJ to reject South Africa’s request, arguing that it “has no factual or legal basis”. Protesters hold a Palestinian flag as they gather outside the International Court of Justice (ICJ) as judges rule on emergency measures against Israel following South Africa’s accusations that Israel’s military operation in Gaza constitutes state-led genocide, in The Hague Netherlands. January 26, 2024. — Reuters UN court urges implementation of Gaza measures ordered in January. South Africa asked the ICJ to assess the need for additional measures. Israel’s retaliatory attacks on Gaza kill more than 28,000 Palestinians. The International Court

December 23, 2023

News Desk

Shipping companies impose additional fees on trade

OSLO/PARIS: Some of the world’s biggest shipping companies, including Maersk and CMA CGM, will impose additional charges after ships are rerouted in response to attacks on ships in the Red Sea, as concerns grow about disruption to global trade. The surcharges, designed to cover longer journeys around Africa compared to routes through the Suez Canal, will increase costs for sea transport since Yemen’s Houthi militant group began targeting ships. Maersk and CMA CGM were the first to introduce the fees, followed by Germany’s Hapag-Lloyd later on Friday. The three are among the leading shipping companies that have suspended the passage

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