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The latest business news from the Lahore Herald: personal finance, business, financial, and economic news.

nepra increases power tariff

NEPRA allows Rs1.95 unit tariff hike

The National Electric Power Regulatory Authority (Nepra) approved a rate increase of Rs1.95 per unit of electricity on Friday, allowing power distribution companies to recoup a total of Rs30.4 billion in revenue from electricity users.
pakistan imf negotiation

Pakistan negotiation with IMF is underway: Tarin

When it comes to boosting taxes and increasing energy tariffs, Pakistan and the International Monetary Fund (IMF) are still attempting a 'give and take' approach in the final round of technical-level discussions to get the $6 billion Extended Fund Facility (EFF) back on track.
cotton prices in pakistan

Cotton prices reach an all-time high.

As a result of the sharp increase in worldwide cotton prices, the price of cotton in Pakistan has risen to an all-time high of Rs15,500 per 40 kg, causing a new wave of fear in the country's textile industry.
dollar purchase

Biometric proof is required for purchase of Dollars: SBP

As a result, the State Bank of Pakistan (SBP) has put yet another limitation on people who wish to purchase dollars from the open market, making biometric authentication mandatory for those who wish to purchase $500 or more from the open market. The dollar, on the other hand, reached a new high of Rs171 on Wednesday, setting a new record for the currency.
tax laws

Senate panel wants strict tax laws for tax collector

On Tuesday, a Senate panel recommended that the government fire tax collectors who had issued exorbitant tax demands and then rejected taxpayers' appeals because they were under pressure from the Federal Board of Revenue (FBR) headquarters.
cdc eservices

CDC reduces basic tariff

The Central Depository Company (CDC) of Pakistan has significantly decreased the basic rate for its key depository services in order to make it more accessible to participants in the country's capital markets.

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