The government of Pakistan, in collaboration with the International Monetary Fund (IMF), is preparing to finalize a framework for targeted electricity and gas tariff subsidies through the Benazir Income Support Program (BISP). This plan also covers adjustments to gas pricing every quarter and Read More...
President Asif Ali Zardari has confirmed the Sindh Revenue Board’s (SRB) legal right to levy and collect the Workers’ Welfare Fund (WWF) in Karachi, rejecting the Federal Board of Revenue’s (FBR) appeal against a decision by the Federal Tax Ombudsman (FTO).
The ruling upholds the FTO’s Read More...
A high-level delegation of nine Executive Directors (EDs) from the World Bank Group (WBG) has arrived in Pakistan today (Monday), marking the first such visit in almost two decades. This group, representing 88 countries on the World Bank’s Board of Directors, will engage with senior Pakistani Read More...
The Sensitive Price Indicator (SPI) experienced a slight decrease of 0.04% for the week ending February 13, 2025, reflecting a mixed trend in the prices of essential commodities, according to the latest data.
This decline was mainly driven by price reductions in tomatoes (-8.80%), tea Read More...
A notable reduction in electricity tariffs for both industrial and residential consumers is anticipated by June 2025, as shared by Secretary of the Power Division, Dr. Fakhre Alam Irfan. This announcement was made during a meeting of the Senate Standing Committee on Power, where officials Read More...
Petroleum product prices are expected to drop in the latter half of February 2025. According to industry experts, the price of petrol could fall by around Rs. 2.49 per litre, bringing the price to Rs. 254.64 from Rs. 257.13. High-Speed Diesel (HSD) is set for a larger price cut of Rs. 9.11 per Read More...
The Ministry of Finance highlighted that efforts to stabilize the economy, such as maintaining a primary surplus, ensuring a steady exchange rate, and the State Bank of Pakistan's notable interest rate cuts in response to falling inflation, are expected to lower public debt over the next few Read More...
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In a disturbing development from South Waziristan, the President of the Waziristan Chamber of Commerce and Industry (WCCI), along with two Customs officers, were abducted on Thursday, sparking deep concerns among local businesses.
Saifur Rehman, President of WCCI, along with Customs Read More...
The State Bank of Pakistan (SBP) has granted approval for Zia Ijaz to officially take the reins as President and CEO of Askari Bank Limited, according to a filing made to the Pakistan Stock Exchange (PSX) on Friday. This approval follows a successful Fit and Proper Test (FPT) clearance, Read More...
Pakistan is gearing up to host two key IMF policy missions aimed at securing over $1 billion in additional funding for climate resilience, along with reviewing the progress of the ongoing $7 billion Extended Fund Facility (EFF). This comes at a time when a technical mission is already in Read More...
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