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Articles for tag: admits, companies, country, Energy, Expensive, FinMin, high, leaving, Taxes

January 15, 2026

News Desk

FinMin admits that some companies are leaving the country because of high taxes and expensive energy

Finance Minister Muhammad Aurangzeb addresses the Pakistan Policy Dialogue in Islamabad on January 14, 2026. — Screengrab via Geo News 20 new foreign investors entered Pakistan market: FinMin. He says investors include Google, Aramco, Wafi Energy, Turkish Petroleum. It adds up to nearly Rs 1 trillion wasted annually due to inefficiencies in state-owned enterprises. Finance Minister Muhammad Aurangzeb admitted on Wednesday that some companies are leaving the country because of high taxes and expensive energy, stressing that the government is fully aware of the challenges facing the economy. However, the finance minister said there are 20 new foreign investors including

December 16, 2025

News Desk

He has been revealed as the most expensive overseas player in IPL history

Australia all-rounder Cameron Green celebrates with Mumbai Indians players after taking a wicket on April 16, 2023. — BCCI The Indian Premier League (IPL) 2026 auction witnessed history, with Kolkata Night Riders dominating the proceedings and making headlines by signing Australian all-rounder Cameron Green for a historic prize. Green’s name, in the first set of players in the Abu Dhabi auction, sparked a bidding war with former champions Kolkata Knight Riders eventually signing him for the 2026 edition. The big money for Green surpassed the previous overseas record of INR 247.5 million paid by Kolkata in the 2024 auction for

November 1, 2025

News Desk

Petrol gets more expensive as price rises by Rs 2.43 to Rs 265.45 per liter

A petrol pump in the federal capital is seen in this undated picture. — Online/Archive The revised fuel prices will remain in effect from November 1 to 15. OGRA looks at global oil trends before finalizing recommendations. The Finance Directorate issues a notification after examining the Ministry’s summaries. The price of petrol has been increased by Rs 2.43 per liter for the next fortnight, effective November 1, following recommendations by the Oil and Gas Regulatory Authority (OGRA) and relevant ministries. Petrol has been set at Rs 265.45 per liter for the next fortnight, the Finance Directorate said in a notification

September 20, 2025

News Desk

The annual SPI jumps 4.17% to expensive goods

Karachi: Weekly inflation, measured by the sensitive price index (SPI), increased sharply by 4.17% on a annual basis (annual basis), reflecting persistent inflationary pressures that continue to weigh to consumers, especially communities that are hit. However, the SPI recorded a 1.34% weekly decline for the combined consumption group during the week ending September 18, 2025, Pakistan’s Statistical Office (PBS) reported on Friday. According to PBS data, the SPI for the combined consumption group amounted to 330.84 points, compared to 335.35 points a week earlier. The SPI is based on prices in 2015-16 and watches 51 basic items in 17 urban

June 11, 2025

News Desk

Princess Diana’s expensive dresses are directed to the auction

Of the colorful Frocks and hats in bags and shoes, objects belonging to the late Princess Diana go under the hammer this month to what Julien’s auctions says it is the biggest collection of her fashion to go to the auction, Reuters said. The sale of Live and online “Princess Diana’s Style & Royal Collection” will take place on June 26 on the Beverly Hills Hersonissos, offering a series of fashion fashion worn by Diana. “This is the largest auction of Princess Diana because we have over 100 elements of her amazing life and career-in mind Diana herself-who sold over

February 22, 2025

News Desk

Fashion hits that immediately make your uniform look more expensive

You don’t need a designer budget to look like a million dollars. Lifting your outfit concerns all smart style tricks, fabric choices and small details that can transform even the most basic set into a polished high quality look. Whether you go to a meeting, an evening out, or just run things, but you still want to look effortlessly put-together, these 10 easy fashion hassles will have you to look elegant and expensive-without breaking the bank. 1. Learn the art of adapting A well -adapted outfit can make even the most affordable clothes that look customized. Pull these very long

January 3, 2025

News Desk

US First Lady Jill Biden “received the most expensive gift from India’s Modi in 2023”

U.S. President Joe Biden and First Lady Jill Biden welcome Indian Prime Minister Narendra Modi at the White House in Washington, U.S., June 21, 2023. — Reuters President Joe Biden and his family had received tens of thousands of dollars worth of expensive gifts from foreign leaders in 2023, including the most expensive gift of a $20,000 diamond to US First Lady Jill Biden from Indian Prime Minister Narendra Modi. The Washington Post he said, citing the State Department. All federal employees are required by US law to report gifts from foreign government sources valued at $480 or more. The

September 3, 2024

News Desk

Gordon Ramsay criticized for expensive ‘motorway breakfast station’

Gordon Ramsay criticized for expensive ‘motorway breakfast station’ Gordon Ramsay has sparked another backlash amid his frequent claims of expensive but unappealing food. This time he ran up a £19 bill for a meal dubbed a ‘motorway breakfast station’ by online critics. Customer Silvio Tattiscone shared his frustration via X after being served a sausage, beans, a hash, a mushroom, a poached egg, two slices of bacon and a tomato. Most users found the meal underwhelming, with one fan commenting, “Looks like a motorway service station breakfast”, while another said: “I could do better than that. £19 is a robber

August 6, 2024

News Desk

Why is electricity so expensive in Pakistan?

Energy Minister Awais Leghari disclosed during a meeting of the Senate Standing Committee on Energy, chaired by Mohsin Aziz, that a power plant from an Independent Power Producer (IPP) costing Rs. 3 in 2016 now costs Rs. 285. This reflects an increase of 9600% in eight years. The meeting addressed growing concerns about IPP deals, with Minister Leghari stating that the government will no longer buy electricity directly, but consumers will buy it directly from producers. Reading Senate committee orders forensic review of IPPs The committee chairman highlighted the ongoing protests against IPPs and called for a forensic audit of

August 3, 2024

News Desk

The government will import expensive urea to meet the shortfall

Islamabad: The government on Friday approved the import of 100,000 metric tonnes of fertilizer at $359 a tonne, but rejected a proposal for a subsidy of Rs 5.9 billion to match local urea prices – in a move that will bridge the deficit but disrupt the market prices. The Economic Coordination Committee (ECC) of the cabinet took the decision to import urea while rejecting the subsidy request of the Industries Ministry. Finance Minister Muhammad Aurangzeb presided over the ECC meeting. “The ministerial committee approved the proposal of the Ministry of Industries and Production to import 100,000 tons of urea,” the

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