The Public Accounts Committee (PAC) has called for the details of the top 300 electricity defaulters as public and private entities collectively owe trillions of rupees to power distribution companies (DISCOs). The inability to recover these dues has led to a staggering Rs877 billion loss for Read More...
The Federal Board of Revenue (FBR) has rescinded the Export Facilitation Scheme (EFS) 2021 for importers of iron and steel scrap, aiming to curb misuse and enforce stricter tax regulations. This change, announced through SRO 204(I)/2025, includes updates to the Customs Rules of Read More...
Between June and November 2024, the State Bank of Pakistan (SBP) acquired $4.98 billion from the interbank market to bolster its foreign exchange reserves and address debt obligations, according to recent reports.
In November, the SBP purchased $1.151 billion, marking an increase from Read More...
Between June and November 2024, the State Bank of Pakistan (SBP) acquired $4.98 billion from the interbank market to bolster its foreign exchange reserves and address debt obligations, according to recent reports.
In November, the SBP purchased $1.151 billion, marking an increase from Read More...
From March 1, petrol prices are anticipated to rise by approximately Rs4 to Rs4.50 per litre, while high-speed diesel (HSD) may experience a slight reduction, reflecting global oil price movements and changes in exchange rates.
The final decision will be made on February 28, based on the Read More...
Pakistan's trade deficit with its nine neighboring countries surged by 40.42%, reaching $6.379 billion in the first seven months of FY25, compared to $4.543 billion in the same period last year. The widening trade gap was mainly Read More...
The Federal Tax Ombudsman (FTO) has instructed power distribution companies (DISCOs) to impose an 18% sales tax on electricity provided to solar net metering customers, citing a significant revenue deficit of Rs9.8 billion. The directive, issued on Monday, requires both the Federal Board of Read More...
The local cotton market faced continued pressure on Monday, extending its downward trend from previous weeks. Trading activity remained subdued as market participants adopted a cautious approach amid ongoing uncertainty.
According to cotton analyst Naseem Usman, cotton prices in Sindh are Read More...
For the week ending February 20, 2025, the Sensitive Price Indicator (SPI) saw a modest weekly increase of 0.27%, signaling a slight rise in inflation. On a yearly basis, the SPI grew by 1.2%, which is a more stable figure compared to the higher inflation observed in mid-2024.
The Read More...
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The International Monetary Fund (IMF) has expressed its appreciation for Pakistan’s dedication to conducting a Governance and Corruption Diagnostic Assessment (GCD) and anticipates ongoing collaboration in the future.
A scoping mission led by Joel Turkewitz from the IMF recently traveled Read More...
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