Saturday, 27 July 2024
Trending
Lesco Bill Check Online 2022 | How to Get Lesco Duplicate Bill Online How to Check and Verify Vehicle Ownership | Car Registration Online Check 8009 Nadra family verification system | 8009 Nadra online check | 8009 sms Nadra Apple IPhone XS Max PTA and Import TAX in Pakistan | Non PTA price in Pakistan 1500 Prize Bond Draw List 15 August 2022 How to Check Number of Mobile SIMs Issued Against Your CNIC Prize Bond 750 list 2022 | Prize Bond Schedule 2022 750 Prize Bond List 2022 | Prize Bond Schedule 2022 200 Prize Bond Draw List 2022 15th March 2022 – Prize Bond Draw Schedule Dates and Results 2022 US dollar inflated by 4 paisa The Pakistan Stock Brokers Association is now formally operational FBR tax offices renamed Pakistan's current account balance again remains in surplus FBR issued valuation for sale of used cars for purpose of collecting sales tax. FATF takes up Pakistan case tomorrow How to become active tax filer in FBR Rules amended by FBR: Issued time limit for notifying income tax return form FBR launched Maloomat TaxRayApp: Signed MoU with NADRA: Acquired all data of filers & non-filers Federal Board of Revenue (FBR) ceased manual processing of income tax refunds HEC announces Scholarship Programme 2021 for Bachelors, One-Tier Masters, Masters and PhD studies Karachi Tax Bar Association (KTBA) rejected using mobile phone SMS as a legal way to serve tax notices Who is exempt from filing income tax returns ? Anti money laundering Act: monitoring of Jewelers, real estate agents and accountants under strict regulations Tax amnesty scheme for builders and developers ending at December 31 2020 Retailers registered with FBR started obtaining CNIC of consumers on sales above than Rs100,000 FBR directed to issue income tax exemption certificates against gratuity and provident funds Taxation of Builders and Developers e-payment limit of taxes abolished FBR allowed to registered persons to file non-export refund claims FBR extends scope of sales tax on IT Services and IT Enabled Services IT Exports Increased by 40% Govt imposing additional taxes on cars from next week FBR fired the officer for dishonesty The government will audit the Neelum-Jhelum surcharge collection China-Pakistan Economic Corridor project: Chapter added by FBR in the customs law PTBA highlighted issues in Active Taxpayer List Income Tax Credit Proposed for IT Sector Exceptional Rise of Workers Foreign Remittances in February 2021 Third Schedule Goods for Sales tax Rates Under Sales Tax Act, 1990 Federal Board of Revenue Rejected a News Report Published State Bank of Pakistan launches Five Years Islamic banking plan Federal Board of Revenue alerts Taxpayers about Fake and Harmful Emails Customs field formations to remain open on 8th, 10th & 11th May RS. 1500 Prize Bond Result, 17 May 2021 Announced The Punjab Letters of Administration and Succession Certificates Ordinance 2021 FBR Records historic growth again in May, 18% Growth in 11 Months Budget in front but Pakistan and IMF will discuss taxes next week Today Currency Rates in Pakistan Political parties exempted in Budget from filing income tax returns and paying taxes Intelligence & Investigation Inland Revenue Operation against three unregistered units
OGRA hikes gas prices in Pakistan
MARKETS

OGRA Approves 45% Increase in Gas Tariff from July

By

After massive hike in petrol prices twice in a week, and increase in electricity prices, now Oil and Gas Regulatory Authority (OGRA) on Friday allowed an increase of up to 45 percent in prices of natural gas for the upcoming financial year.

As per the Determination of Estimated Revenue Requirement (DERR) for the financial year 2022-23, the regulator has forwarded separate determinations on revenue requirements of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC).

The regulator authorized the SNGPL to increase gas price by Rs. 266.58 per mmbtu (45 percent), resulting in annual revenue of Rs. 261 billion. The gas company seeks an increase in gas price by Rs. 1,079 per mmbtu (198 percent) against the revenue requirement of Rs. 597 billion for the upcoming financial year.

The SSGC allowed a price increase of Rs. 308.53 per mmbtu (44 percent), resulting in annual revenue of Rs. 285.2 billion. The company had demanded to increase gas price by Rs. 313.73 per mmbtu (45 percent) against the revenue requirement of Rs. 286.72 billion for the upcoming fiscal year.

See also  Govt Rejects Proposal to Increase Petrol Prices | OGRA Petrol Prices

The determinations have been forwarded to the federal government for advice on category-wise sale prices. Any revision by the federal government shall be accordingly notified by OGRA, the notification said. It added that till such time the existing category-wise natural gas sale prices shall continue to prevail.

#Budget #Budget2022-2023 #OGRA #GasPrice #Increase #SNGPL #SSGC

tax consultants near me
Ad: Global Tax Consultants

Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"]

Tax.net.pk - Your Tax Experts and Consultants

Welcome to Tax.net.pk

Providing Expert Tax Services for Individuals and Businesses

About Us

At Tax.net.pk, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: