Pakistan is gearing up to launch yuan-denominated bonds this year, aiming to raise $200-250 million from Chinese investors over the next six to nine months. This move is part of the country's efforts to shore up its finances and meet the International Monetary Fund's (IMF) bailout loan Read More...
The Federal Board of Revenue (FBR) has faced public backlash for its decision to purchase 1,010 brand-new Honda City 1.2L CVT cars at an estimated cost of Rs6 billion. A notification issued on January 10, 2025, confirmed the issuance of a Letter of Intent for the purchase.
The procurement Read More...
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The State Bank of Pakistan (SBP) has unveiled its National Financial Inclusion Strategy (NFIS) for 2024-28, aiming to boost financial inclusion from 64% in 2023 to 75% by 2028. Additionally, the strategy seeks to reduce the gender gap in financial inclusion from 34% in 2023 to 25% by 2028. The Read More...
Federal Minister for Finance, Senator Mohammad Aurangzeb, embarked on a visit to Hong Kong on Saturday to participate in the 18th Asian Financial Forum. The primary objective of this visit is to strengthen ties with financial institutions and government officials across Asia, as stated in a Read More...
Pakistan's Ministry of Finance Cracks Down on Redundant Posts and Streamlines Funding
The Ministry of Finance has instructed all federal ministries, divisions, and departments to identify and abolish redundant or vacant posts that have been idle for over three years. Read More...
A significant proposal has been made by the Senate Standing Committee on Cabinet Secretariat to uniformly apply the ban on dual nationality to judges, bureaucrats, and other government officers, without exceptions. This recommendation was made during a meeting chaired by Senator Rana Mahmood ul Read More...
Frontier Holdings Ltd (FHL), an international oil and gas exploration company, has sent a letter to the Petroleum Division, requesting action to enforce a ruling from the Singapore International Commercial Court (SICC) against Petroleum Exploration (Pvt) Ltd (PEL), a local energy firm.
The Read More...
A senior official of the Inland Revenue department has successfully overturned adverse remarks made by the Federal Tax Ombudsman (FTO), with the appellate forum ruling that the FTO’s actions violated the principles of natural justice.
The official, serving as Additional Commissioner Read More...
The Pakistan Business Council (PBC) has expressed deep concerns about the Federal Board of Revenue’s (FBR) decision to end satellite tracking of transit cargo containers destined for Afghanistan.
In a letter to FBR Chairman Rashid Mahmood Langrial, PBC highlighted that relying solely on Read More...
Federal Minister for Power Sardar Awais Ahmad Leghari has unveiled plans to reduce electricity tariffs by Rs 10–12 per unit after finalizing discussions with the IMF on captive power plants.
Speaking at the National Assembly’s Standing Committee on Energy, he shared the government's Read More...
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