Pakistan State Oil seeks two LNG cargoes naturalgasworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasworld.com Daily Mail and Mail on Sunday newspapers.
KSE-100 index falls flat after range-bound session dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
This comes at a time when the energy sector is facing serious gas and electricity shortages and both gas and power companies are struggling with their financials to ensure smooth supplies. Reuters/File
ISLAMABAD: Amid system challenges, the Petroleum Division is seeking an average national basket price for natural gas both local and imported through a distant ‘political consensus’ even though it has fixed price commitments with various consumer groups.
This comes at a time when the energy sector is facing serious gas and electricity shortages and both gas and power companies are struggling with their financials to ensure smooth supplies. The federal government has been asking the provinces for introduction of weighted average cost of gas (WACOG) by moving away from ring-fenced pricing and supply of local gas and imported liquefied natural gas (LNG) to various consumer categories.
Daily Times Expert says higher dividends from SOEs to multiply govt s revenue
July 25, 2021
The tax collection from dividend income has registered a sharp growth of 33 percent during the fiscal year 2020-21 due to better earnings of the corporate sector.
The collection of income tax grew to Rs18.46 billion during the fiscal year 2020-21, compared with Rs13.83 billion in the preceding fiscal year. The tax collection from the dividend income is based on the earnings of the companies registered with the Large Taxpayers Office (LTO) Karachi.
The LTO Karachi is the major revenue arm of the Federal Board of Revenue (FBR) and contributes around 40 percent of the land taxes in the total collection at the national level.
KSE-100 index retreats in short week
Eid holidays, rising Covid-19 cases hamper activity at Pakistan Stock Exchange
KARACHI:
Lack of positive triggers at the Pakistan Stock Exchange (PSX) kept the bulls at bay as the benchmark KSE-100 index witnessed lifeless trading and closed almost flat. The index was down 41 points or 0.1% during the shortened trading week to close at 47,793.07.
The market managed to finish one session out of the two sessions in the green during the week. The stock market remained closed for three days on account of Eidul Azha holidays.
Trading was subdued with volumes remaining low throughout the week as the upcoming results season forced market players to trade cautiously. The week kicked off on a positive note, in line with the performance in the previous week. Trading, however, remained lacklustre as investors avoided taking fresh positions ahead of the three-day-long holidays (Tuesday-Thursday).