Articles for tag: 25bn, Govt, Govt rejects Rs 25bn grant for Pakistan Railways, grant, Pakistan, Railways, rejects

July 9, 2024

Islamabad: The federal government rejected a proposal to approve a grant of Rs 25 billion to clear Pakistan Railways outstanding liabilities and instead gave the nod for only Rs 2 billion. To avoid frequent court cases over pension arrears and enable Pakistan Railways to focus on core operations, the Economic Coordination Committee (ECC) of the cabinet was asked in a recent meeting to approve a grant of Rs 25 billion to clear the backlog obligations, comply with court orders and ensure the smooth operation and provision of services. The Railway Department informed the ECC that Pakistan Railways was the only

June 27, 2024

News Desk

Business

The IMF rejects the government’s move to cut tax rates and grant concessions

The scourge of the International Monetary Fund (IMF). — AFP/File The IMF rejects the return of export revenues to a fixed tax regime. The Fund wants all income to be treated under the normal tax framework. The lender accepts the government’s demand to scrap GST on textbooks. ISLAMABAD: The International Monetary Fund (IMF) has refused to grant concessions on most of the items proposed in the Economic Bill 2024-2025. The Fund, so far, has agreed to abolish the Goods and Services Tax (GST) on textbooks, restore deductions for teachers and researchers, withdraw the Federal Excise Duty (FED) on cement and

February 2, 2024

News Desk

Business

The government approves a grant of Rs 4 billion for enumerators who participated in the census

The development comes after enumerators threatened to not perform their duties at the polls due to payment failure A trader counts Pakistani rupee notes at a currency exchange in Peshawar, Pakistan, December 3, 2018. — Reuters Enumerators were not paid for their participation in the census. PBS has sought Rs 11.9 billion through technical supplementary grants. These enumerators will participate in the February 8 polls. ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet approved Rs 4 billion for enumerators participating in the 7th Population and Housing Census out of the total demand of Rs 11.9 billion, The news

October 29, 2023

News Desk

Business

ECC approves Rs 8 billion grant for cashless PIA to meet emergency needs

A Pakistan International Airlines (PIA) plane prepares to take off at the Alama Iqbal International Airport in Lahore February 1, 2012. — Reuters PIA needs Rs 25 billion to restructure outstanding loans. The caretaker government wants to move towards privatisation. Aviation proposal for bridge funding through CAA approved. ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet has approved Rs8 billion from the Civil Aviation Authority (CAA) funds as bridge funding to meet the emergency needs of cash-strapped Pakistan International Airlines (PIA). CAA in its brief presented before the ECC had sought financial assistance of Rs 25 billion on

Govt rejects Rs 25bn grant for Pakistan Railways

The IMF rejects the government’s move to cut tax rates and grant concessions

The government approves a grant of Rs 4 billion for enumerators who participated in the census

ECC approves Rs 8 billion grant for cashless PIA to meet emergency needs

Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success

Munir and Naqvi Join Makkah Pact Talks in Tehran

Iran Says the Border Is Open as Pakistan Ships LPG by Sea