Electricity consumers might face higher security deposit requirements, with amounts potentially rising as high as Rs56,111, as eight state-owned power distribution companies (Discos) have requested approval from the National Electric Power Regulatory Authority (NEPRA) to adjust the Read More...
In the current fiscal year, 5.9 million tax returns have been filed in Pakistan, yet a striking 43.3% of these filers have reported zero taxable income, shedding light on the country’s limited tax base, as per a news report.
Official statistics show that only 3,651 individuals reported Read More...
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The Khyber Pakhtunkhwa provincial government has recorded a remarkable 49% increase in revenue generation for the first half of the current financial year, accumulating Rs42.3 billion—up from Rs28.4 billion in the same timeframe last year.
A meeting chaired by Muzzammil Aslam, the Chief Read More...
The Collectorate of Customs (Exports) at Port Qasim has uncovered a tax and duty evasion scheme valued at Rs825 million, implicating a trading unit within the Export Processing Zone (EPZ). A formal case has been filed against the company and its associates, accusing them of smuggling and Read More...
The United States has suspended aid to Pakistan, leading to the temporary halt of several major projects across various sectors, including governance, energy, education, and health. This action follows President Donald Trump’s order to review foreign assistance programs to ensure they align with Read More...
The federal cabinet has approved the Federal Board of Revenue’s (FBR) plan to acquire 77 more vehicles, bringing the total number of new cars for Grade 17 and 18 officers to 1,100. The acquisition, which is expected to cost over Rs6 billion, has been authorized by the Economic Coordination Read More...
The International Monetary Fund (IMF) has rejected Pakistan’s suggestion to lower industrial electricity tariffs by Rs2.70 per unit, citing the necessity for comprehensive reforms in the power sector rather than piecemeal actions. This move was reported by local news outlets.
The Energy Read More...
The federal government has named Faiz Ahmad, a senior official from Pakistan Customs Service, as the new Chief Executive Officer (CEO) of the Trade Development Authority of Pakistan (TDAP). Ahmad, a BS-22 officer, will take on this role on a deputation basis under the usual terms and conditions, Read More...
The Federal Board of Revenue (FBR) recently faced pushback from the Senate Standing Committee on Finance and Revenue over its decision to purchase new vehicles for its officers. Senator Faisal Vawda called for an immediate halt, accusing the FBR of rewarding its officers with vehicles despite a Read More...
The State Bank of Pakistan (SBP) Governor shared insights on the recent decision by the Monetary Policy Committee (MPC), noting that the rate reduction was driven by the current inflation outlook and positive economic indicators.
“The inflation data we’re seeing now is promising, and we Read More...
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