The Power Division has established a six-member committee to oversee the ongoing privatization of Islamabad Electric Supply Company (IESCO), Faisalabad Electric Supply Company (FESCO), and Gujranwala Electric Power Company (GEPCO).
According to an official notice from the Power Division, Read More...
Punjab's total government debt decreased by Rs24.8 billion in the second quarter (Oct-Dec) of fiscal year 2024-25, marking a 1.5% drop, according to a report from the Punjab Finance Ministry. This reduction was driven by foreign exchange gains and a reduction in the province’s net debt.
By Read More...
In an effort to tackle the difficulties faced by Pakistan's towel industry, Federal Minister for Finance Muhammad Aurangzeb convened a session of the committee formed by the Prime Minister. The meeting included the Minister for Commerce, senior officials from the Ministry of Commerce, Finance Read More...
The International Monetary Fund (IMF) review team is scheduled to visit Pakistan in the first week of March to evaluate the progress made under the $7 billion Extended Fund Facility (EFF).
This review is critical, as Pakistan will need to request waivers for unmet conditions and negotiate Read More...
Auto financing in Pakistan rose to Rs241.6 billion in January 2025, up from Rs235.45 billion in December 2024, as falling interest rates drove more consumers to take out loans for vehicle purchases, according to the latest data from the State Bank of Pakistan.
In the past seven months, the Read More...
Punjab's Chief Minister, Maryam Nawaz Sharif, has announced the allocation of land in industrial zones for beneficiaries of the Asaan Karobar loan program, directing authorities to speed up its execution and broaden the number of recipients. In her address at a ceremony for cheque and card Read More...
The department identified inconsistencies between the taxpayer's bank statements and the final taxation details during the audit for the specified period. As a result, a show-cause notice was issued, requesting clarification on the nature and source of credit entries, which were suspected to Read More...
The federal government has extended its Point-of-Sale (POS) system to businesses in Azad Jammu and Kashmir (AJK), bringing them into Pakistan’s growing digital taxation network. This initiative, spearheaded by Pakistan Revenue Automation (Pvt) Ltd (PRAL) in partnership with the Central Board of Read More...
Senior officials at the National Electric Power Regulatory Authority (Nepra) have dramatically increased their salaries and allowances without obtaining the required approval from the federal cabinet, according to sources cited by BR.
This unauthorized pay hike comes at a time when the Read More...
The Federal Board of Revenue (FBR) has updated the territorial jurisdiction for the collection of advance income tax on property transactions in Karachi, designating the Regional Tax Office-1 (RTO-1) with the responsibility to oversee this process, according to an official notification from Read More...
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