Pakistan’s tax shortfall has expanded to Rs606 billion during the first eight months (July-February) of the 2024-25 fiscal year, as revenue collection lagged behind the IMF-mandated target despite a strong Read More...
The Securities and Exchange Commission’s (SECP) Policy Board has approved major changes to the insurance regulatory framework, which includes amendments to the Insurance Rules, 2017, Insurance Accounting Regulations, Read More...
Pakistan has fulfilled a crucial requirement set by the International Monetary Fund (IMF) by enhancing its debt maturity profile and securing a $1 billion foreign commercial loan scheduled for April, according to a recent Read More...
The federal government has revamped the Competition Appellate Tribunal (CAT) by appointing a new chairman and two members, effectively reinstating its operations after a period of inactivity.
A notification from the Ministry of Law and Justice confirmed the new appointments on Read More...
Prime Minister Shehbaz Sharif has blocked a proposal that would have allowed dual nationals to hold important roles in the State Bank of Pakistan (SBP), including positions such as governor, deputy governors, and members of the monetary policy committee. The decision was made despite a unanimous Read More...
The government has signaled that electricity prices might rise this summer due to a decrease in water levels available for hydropower generation, increasing reliance on more expensive imported fuels. This forecast was shared during a public hearing regarding the negative fuel cost adjustment Read More...
The Federal Board of Revenue (FBR) has put forward significant modifications to the Export Finance Scheme (EFS) to combat misuse and improve tax adherence. These revisions, announced under SRO204 of 2025 in the Customs Rules 2001, introduce stricter monitoring systems, elevated financial Read More...
The private sector has significantly reduced its borrowing from banks, returning nearly 50% of the loans within a month, signaling a lack of confidence in business growth and a slowdown in investment activities.
As per the State Bank of Pakistan’s (SBP) figures, lending to businesses stood Read More...
The Sindh High Court (SHC) has rejected the petitions challenging the application of Section 99D of the Income Tax Ordinance 2001 and the SRO 1588 (I) of 2023, which pertain to the imposition of a windfall tax. Following the court's ruling, the government has upheld its decision to collect the Read More...
Jameel Ahmad, the Governor of the State Bank of Pakistan (SBP), has urged commercial banks to rethink their current business strategies and focus more on extending credit to small and medium-sized enterprises (SMEs) to play an active role in the country’s economic development.
Speaking at Read More...
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