The government has increased petrol and diesel prices for the second time in a row. Petrol has been made costlier by Rs. 3.47 per liter, and high-speed diesel (HSD) by Rs. 2.63 per liter, effective from midnight. After the increase, the price of petrol has been set at Rs. 256.13 …

In a historic move, the government has reduced the electricity tariff for electric vehicle (EV) charging stations from Rs 71 to 39.70 per unit, marking a 44% reduction. This groundbreaking initiative, spearheaded by the Power Division under the National Energy Conservation Authority (NEECA), has also introduced new regulations for establishing …

A seminar, “Reflection Seminar: Improving Gender Parity for Strengthening Gender Responsive Justice in Pakistan,” was successfully organized by Rozan in collaboration with UN Women and the Embassy of the Federal Republic of Germany Islamabad. The event, held to address gender disparities within Pakistan’s justice sector, brought together policymakers, civil society …

The federal cabinet, chaired by Prime Minister Shehbaz Sharif, has approved revised agreements with 14 Independent Power Producers (IPPs), potentially reducing electricity prices by up to Rs11 per unit. Based on the Power Division’s recommendations, the cabinet endorsed renegotiated contracts with these IPPs, leading to a reduction of Rs802 billion …

The Government has approved a new system to provide electricity at a uniform tariff for Special Economic Zones (SEZs) and Industrial Estates to boost industrial development across the country. The approval was granted during a Cabinet Committee on Energy meeting held in Islamabad under the chairmanship of Prime Minister Shehbaz …

Pakistan’s overseas workers’ remittances surpassed the country’s export earnings in the first half of fiscal year 2024-25, despite the Prime Minister’s emphasis on boosting exports. Official data reveals that remittances totaled $17.645 billion in this period, compared to $16.561 billion in exports, creating a $1.084 billion gap. In December 2024 …

The Chairman of the Federal Board of Revenue (FBR), Rashid Mehmood Langrial, has acknowledged that Pakistan’s tax rates are flawed and need to be corrected. Speaking at the ThinkFest event held at Alhamra Hall in Lahore, Rashid Mehmood Langrial stated that Pakistan is a poor country where a significant portion …

The local banks in Pakistan have reportedly been involved in a tax evasion scam by manipulating the Advance-to-Deposit Ratio (ADR). At present, a banking company’s income, profits, and gains are taxed at the standard rate of 39%. Additionally, banking companies are subject to a Super Tax at progressive rates ranging …

The Board of Directors of Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest Exploration and Production (E&P) company, has reappointed Ahmed Hayat Lak as the Managing Director and Chief Executive Officer (CEO) for a term of three years. The listed E&P company informed the Pakistan Stock Exchange (PSX) of …

The officials of the National Electric Power Regulatory Authority (NEPRA) have revealed that the imposition of fixed charges on consumers aims to cover capacity payments, which currently stand at an annual figure of Rs 2 trillion. In a meeting of the National Assembly’s Standing Committee on Power, chaired by Muhammad …