The National Highway Authority (NHA) has postponed the bid opening for the Rs85 billion Tranche III of the Central Asia Regional Economic Cooperation (CAREC) corridor project following claims of an unfair evaluation process.

Electricity consumers are set to benefit from a fuel cost adjustment (FCA) relief of Rs1.03 per unit for December 2024, potentially reducing their electricity bills in February 2025.

The Power Division has directed all electricity distribution companies (DISCOs), including K-Electric, to establish exclusive service agreements with industries that operate captive power generation plants.

The federal authorities have slashed the profit percentages across various national savings schemes by as much as 2%, in line with the recent 100 basis point reduction in the policy rate by the State Bank of Pakistan, now set at 12%.

Property registrations for multi-story buildings in Karachi have come to a standstill due to confusion surrounding the Federal Board of Revenue’s (FBR) new fair market valuation (FMV) notification.

The Excise and Taxation Department has ramped up efforts to target token tax defaulters, with Director General Umar Sher Chattha instructing a suspension of vehicle registrations for those who fail to pay.

Consumers are likely to face a rise in fuel prices as the cost of petrol and high-speed diesel (HSD) is expected to increase during the first half of February.