Tag: Percent

Two percent hike announced in electricity prices

LAHORE: The Ministry of Water and Power on Monday announced a two percent hike in electricity rates, which will be applicable from November 1 onwards.
The electricity price notification issued by the Ministry of Water and Power will come into effect in November 2010 and the increased rate will be included in peoples' electricity bills for November. The new price hike will affect both domestic and industrial consumers.
The Ministry of Finance said the government was giving Rs

Freight transporters spike rates by 26 percent

LAHORE: Freight transporters have spiked their transport charges by between 14 and 26 percent during this week, after the government decision to raise the prices of petroleum products between 6.8 to 8.9 percent.
Industry experts have concluded that the increase in POL prices and transport rates would have an adverse impact on the price of all raw materials ramping up prices by perhaps as high as 30 to 35 percent. This would have a massive effect on the profit margins of local

Seafood exports surge by 55 percent

ISLAMABAD
Seafood exports from Pakistan surged by 54.90 percent during the first quarter of the current fiscal year in comparison to a similar period last year.
According to figures revealed by the Federal Bureau of Statistics (FBS), fish and fish preparation exports stood at a mammoth $53.055 million during July-September 2010-11, compared to exports of $34.252 million recorded during the corresponding period of last year.
Fish and fish preparation exports enhanced by

FBR Declares Zero Percent Duty on Imported Sugar

The Federal Board of Revenue (FBR) has issued fresh notification informing zero percent duty on import of raw sugar of cane sugar and beet sugar variants by the private sector, in a statement issued by the Ministry of Industries and Production here on Friday.
In its meeting here, the ECC allowed import of raw sugar by the private sector at zero customs duty with no limitations. This decision means that there is no capping on quantity of import or any linkage to timing of import