Pakistan is set to establish a legal framework for cryptocurrency trading to draw in international investment, according to Bilal bin Saqib, CEO of the newly formed Pakistan Crypto Council. In a Bloomberg TV interview, he explained that the country wants to create clear regulations for digital Read More...
The Pakistan Dairy Association (PDA) stormed into battle Wednesday, slamming the government to gut the crippling 18% General Sales Tax (GST) on packaged milk. They’re screaming bloody murder—this tax is a chokehold driving up milk prices, strangling producers, and bleeding consumers dry. The Read More...
The federal government just unleashed a gut punch on the little guy, cranking the Petroleum Development Levy (PDL) on regular petrol to a brutal Rs70 per liter—while tossing a cushy Rs50 per liter bone to high-octane guzzlers, the playground of smug luxury car owners. Motorcyclists and beat-up Read More...
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The Khyber Pakhtunkhwa government just dropped a bombshell: the “Cashless Khyber Pakhtunkhwa Initiative”—a full-throttle assault on old-school cash dependency. This isn’t some half-baked idea; it’s a merciless push to drag every business—big or small—into a mandatory digital Read More...
Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar roared into action Wednesday, torching the outrageous Rs178-180 per kg sugar racket as a slap in the face to every Pakistani. He’s ramming through a brutal price cap—Rs164 per kg retail, Rs159 per kg ex-mills—effective Read More...
Port Qasim Electric Power Company (PQEPC) has told the government it might shut down its coal power plant if they don’t get Rs 93.5 billion they’re owed soon. Business Recorder says the payment’s way past due, and PQEPC can’t pay its shareholders their share, which could get worse fast Read More...
Port Qasim Electric Power Company (PQEPC) has told the government it might shut down its coal power plant if they don’t get Rs 93.5 billion they’re owed soon. Business Recorder says the payment’s way past due, and PQEPC can’t pay its shareholders their share, which could get worse fast Read More...
Pakistan’s biggest companies paid Rs1.22 trillion in direct taxes in 2024, up 2.2% from last year, making up 23.6% of all direct taxes the country collected. A news report says car makers led the pack with a huge 62% jump in taxes paid, followed by fertiliser companies at 19%, investment banks Read More...
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Car loans in Pakistan jumped to Rs249 billion by February’s end, up from Rs241.6 billion in January, thanks to cheaper interest rates pushing people to lease vehicles. Back in August 2024, loans were at Rs227.3 billion, still way below the Rs368 billion high from June 2022. Interest rates Read More...
On Monday, Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, met with his team and World Bank folks at the Finance Ministry to talk about a big 10-year plan worth $20 billion. They focused on stuff like better health, schools, fighting climate change, and growing the economy the right Read More...
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