Business

petrol

Govt massively hikes petrol, diesel prices

  ISLAMABAD (Kashmir English): The federal government has massively increased the prices of diesel and petrol for the next fortnight starting July 1. Price of petrol has been increased by Rs8.36 per litre for the next fortnight, effective from Tuesday, July 1. Petrol price fixed at Rs266.79 per litre According to details, the new petrol

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Nepra

Govt to discontinue Electricity Duty collection through power bills

ISLAMABAD (Kashmir English): The federal government has decided to discontinue the collection of the Electricity Duty on power bills starting from July 2025 and has informed all provincial chief ministers of the decision. In his letters written letters to all Chief Ministers, Federal Minister for Power Division Sardar Awais Ahmed Khan Leghari has informed them to

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USF

USF approves Rs7.49 Billion for high-speed internet, 4G projects

ISLAMABAD (Kashmir English): The Universal Service Fund (USF) has approved seven major projects worth Rs7.49 billion to improve high-speed internet and 4G connectivity in underserved areas of Pakistan. This step is expected to benefit nearly 960,000 people across 347 locations in 10 districts. The announcement was made during the USF Board’s 98th meeting, chaired by

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Inland Revenue Department

AJK Revenue Dept recovers Rs25.28m from tax defaulting clothing brand in Mirpur

MIRPUR (Kashmir English): The Inland Revenue Department of Azad Kashmir has taken decisive action against a prominent clothing brand in Mirpur for failing to pay sales tax during the fiscal year 2024-25, recovering Rs25.28 million from the brand’s account. According to the department, the brand deducted 18% sales tax from customers on clothing sales in the

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Pakistan Stock Exchange

Pakistan Stock Exchange rises by 1600 points after federal budget approval

KARACHI (Kashmir English): The Pakistan Stock Exchange (PSX) witnessed a major rally on Friday, surging nearly 1,600 points just a day after the federal budget for 2025–26 was passed. The KSE-100 index climbed 1581.77 points, or 1.3 per cent, to stand at 123,628.23 at the close of the first session, from the last close of

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