The Federal Board of Revenue (FBR) recently faced pushback from the Senate Standing Committee on Finance and Revenue over its decision to purchase new vehicles for its officers. Senator Faisal Vawda called for an immediate halt, accusing the FBR of rewarding its officers with vehicles despite a Read More...
The State Bank of Pakistan (SBP) Governor shared insights on the recent decision by the Monetary Policy Committee (MPC), noting that the rate reduction was driven by the current inflation outlook and positive economic indicators.
“The inflation data we’re seeing now is promising, and we Read More...
Prime Minister Shehbaz Sharif has ordered the Power Division to slash electricity tariffs by Rs 7 per unit across the board, including for industrial consumers, following talks with the International Monetary Fund (IMF). This move comes ahead of an anticipated IMF visit to Islamabad next Read More...
The government is set to revise the current rooftop solar buyback tariff, moving from the net-metering system to a gross-metering framework. This shift comes after the existing policy reportedly placed an Rs103 billion burden on grid users, with wealthier households gaining more from lower-cost Read More...
Pakistan needs to streamline its regulations and enhance economic predictability to boost investment and accelerate growth, according to a senior World Bank official, Martin Raiser, as reported by Bloomberg.
The South Asian nation could potentially see an annual growth rate soar to 8% if Read More...
Commercial banks in Pakistan have borrowed Rs9.61 trillion from the State Bank of Pakistan (SBP) at an interest rate of 13.04 for a seven-day period, as reported by the central bank on Friday.
However, no bids were received for fresh borrowing for the longer 28-day period.
Financial Read More...
The Federal Board of Revenue (FBR) has requested an exemption from the federal cabinet’s directive to abolish 60% of vacant posts, proposing to retain 1,730 positions as a one-time dispensation.
This proposal was presented on Friday during a meeting of the Cabinet Committee on Rightsizing, Read More...
The government has decided to extend the incentives granted to Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC) to all industrial estates and zones across the country.
This includes reforms aimed at streamlining electricity supply through a new mechanism Read More...
The State Bank of Pakistan (SBP) injected Rs10.31 trillion into the banking system on Friday through its Open Market Operation (OMO). This included Rs9.61 trillion disbursed via conventional reverse repo OMO and Rs706 billion provided under Shariah-compliant Modarabah-based OMO.
For the Read More...
Federal Minister of Finance and Revenue Muhammad Aurangzeb said China has played an important role in Pakistan's digital transformation, which is essential for achieving sustainable economic development.
He stated that Pakistan has the third largest population of freelancers worldwide who Read More...
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