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Pakistan Initiates Formulation of PSDP 2025-26 with Focus on High-Priority, Impactful Projects

02-Feb-2025
ISLAMABAD: The Ministry of Planning, Development, and Special Initiatives has begun the process of formulating the Public Sector Development Programme (PSDP) for 2025-26, along with projections for 20...
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Pakistan Initiates Formulation of PSDP 2025-26 with Focus on High-Priority, Impactful Projects

Customs Revenue Soars 52% in Southern Region with Faceless Assessment System in January 2025

02-Feb-2025
In January 2025, the Southern Region of Customs Appraisement collected Rs96.3 billion in customs duties through the Faceless Customs Assessment System (FCAS), marking a 52% increase compared to Rs61.5...
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Customs Revenue Soars 52% in Southern Region with Faceless Assessment System in January 2025

NHA Halts Bid Opening for Rs85 Billion CAREC Project Amid Allegations of Unfair Evaluation

01-Feb-2025
The National Highway Authority (NHA) has postponed the bid opening for the Rs85 billion Tranche III of the Central Asia Regional Economic Cooperation (CAREC) corridor project following claims of an un...
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NHA Halts Bid Opening for Rs85 Billion CAREC Project Amid Allegations of Unfair Evaluation

FBR Faces Revenue Shortfall, but Optimism for Recovery in Final Quarter of FY 2024-25

01-Feb-2025
The Federal Board of Revenue (FBR) has provisionally collected Rs872 billion in January 2025, falling short of its target of Rs956 billion by Rs84 billion. This shortfall contributes to a cumulative r...
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FBR Faces Revenue Shortfall, but Optimism for Recovery in Final Quarter of FY 2024-25

Electricity FCA Relief for Consumers, But Power Plant Shutdowns Keep Costs High

31-Jan-2025
Electricity consumers are set to benefit from a fuel cost adjustment (FCA) relief of Rs1.03 per unit for December 2024, potentially reducing their electricity bills in February 2025.However, concerns ...
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Electricity FCA Relief for Consumers, But Power Plant Shutdowns Keep Costs High

Power Division Directs DISCOs to Sign Service Agreements with Industries for Stable Electricity Supply

31-Jan-2025
The Power Division has directed all electricity distribution companies (DISCOs), including K-Electric, to establish exclusive service agreements with industries that operate captive power generation p...
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Power Division Directs DISCOs to Sign Service Agreements with Industries for Stable Electricity Supply

Tax Reforms Accelerating in Pakistan, Agriculture Income Tax and FBR Transformation

31-Jan-2025
Finance Minister Muhammad Aurangzeb confirmed that two provincial assemblies had passed legislation on agricultural income tax, with progress also being made in Sindh and Balochistan. He assured that ...
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Tax Reforms Accelerating in Pakistan, Agriculture Income Tax and FBR Transformation

Federal Government Slashes Savings Rates!

31-Jan-2025
The federal authorities have slashed the profit percentages across various national savings schemes by as much as 2%, in line with the recent 100 basis point reduction in the policy rate by the State ...
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Federal Government Slashes Savings Rates!

Karachi Property Registrations Stall Due to FBR New Valuation Notification

30-Jan-2025
Property registrations for multi-story buildings in Karachi have come to a standstill due to confusion surrounding the Federal Board of Revenue’s (FBR) new fair market valuation (FMV) notification.The...
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Karachi Property Registrations Stall Due to FBR New Valuation Notification

Excise Department Cracks Down on Token Tax Defaulters

30-Jan-2025
The Excise and Taxation Department has ramped up efforts to target token tax defaulters, with Director General Umar Sher Chattha instructing a suspension of vehicle registrations for those who fail to...
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Excise Department Cracks Down on Token Tax Defaulters
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