On Wednesday, Pakistan’s federal cabinet, led by Prime Minister Shahbaz Sharif, put the brakes on approving a new solar net metering policy after facing pushback from multiple members, including the PM himself. The meeting saw Sharif direct the Power Division to rework the proposal, which had Read More...
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On March 26, 2025, the Board of Directors of Philip Morris (Pakistan) Limited greenlit a plan to voluntarily delist the company’s shares from the Pakistan Stock Exchange (PSX), following rule 5.14 of the PSX Rule Book, which governs such exits. The decision, spearheaded by Philip Morris Read More...
The International Monetary Fund (IMF) revealed on Wednesday that it has finalized a staff-level agreement with Pakistan, covering the first review of its Extended Fund Facility (EFF) economic program and introducing a new Resilience and Sustainability Facility (RSF) arrangement. Discussions ran Read More...
The Pakistan Stock Exchange (PSX) kicked off Wednesday with a strong rally, as the KSE-100 Index climbed over 1,300 points in early trading, driven by investor optimism following the International Monetary Fund’s (IMF) latest staff-level agreement with Pakistan. By 9:20 am, the index hit Read More...
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Pakistan’s oil industry is projected to lose Rs 35 billion this fiscal year because of a sales tax exemption on petroleum products introduced in the Finance Act 2024.
According to industry figures, refineries are looking at Rs 18 billion in losses, while oil marketing companies (OMCs) Read More...
Seven independent power producers (IPPs) and the Central Power Purchasing Agency (CPPA) have filed a petition with the National Electric Power Regulatory Authority (NEPRA) to adjust their tariff. NEPRA will hold a hearing on this today, Monday.
The petition comes from companies like Nishat Read More...
The government’s idea to lower electricity tariffs hit a snag because the International Monetary Fund (IMF) isn’t signing off on a staff-level agreement (SLA) for Pakistan’s first biannual review of the $7 billion Extended Fund Facility (EFF), according to Dawn.
Reports suggested the Read More...
Pakistan and the International Monetary Fund (IMF) have settled on a plan to lower the country’s average tariffs from 10.6 percent to 6 percent over the next five years. This change aims to boost foreign competition and make Pakistan the South Asian country with the lowest tariffs.
The Read More...
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The Federal Board of Revenue (FBR) is taking legal action against 463 importers, 106 clearing agents, and several employees from Pakistan Revenue Automation Limited (PRAL) and Pakistan Single Window (PSW) for altering over 2,300 customs declarations, leading to about Rs14 billion in unpaid Read More...
The International Monetary Fund (IMF) has turned down the Federal Board of Revenue’s (FBR) request to lower transaction taxes on property for now, according to The News.
Earlier, senior officials had suggested that the IMF was on board with reducing the withholding tax for property Read More...
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