December 7, 2024
Pakistan

Cabinet decides against imposing additional duty on solar panels

After speculated changes in net metering and new taxes on solar products raised many eyebrows, Prime Minister Shehbaz Sharif has clarified that the federal government will not impose additional duties on solar panels to ensure the accessibility of low-cost energy to every citizen. The clarification came after the federal government signalled to replace solar net

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Pakistan

Loaded with taxes, budget to rake in additional Rs3.8tr under IMF diktat

The government has heavily raised both direct and indirect taxes to a historic high in the budget, showing that loan deal with the International Monetary Fund (IMF) to bail out Pakistan’s economy outweighs the relief direly needed by the inflation-broken masses, whose incomes have hit rock-bottom in recent years. The new raise in taxes would

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Pakistan

£190 million reference, court records testimony of six additional witnesses

In the £190 million reference, Accountability Court recorded testimony from six additional witnesses, with cross-examination of two witnesses concluded. Judge Nasir Javed Rana conducted the hearing at Adiala Jail where the PTI founder and his wife, Bushra Bibi, were present. The legal representatives, Usman Gul and Zaheer Abbas participated in the proceedings. During the session,

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