In a significant stride towards fostering regional collaboration and economic prosperity, the Federal Minister for Finance and Revenue of Pakistan, Senator Muhammad Aurangzeb, held a high-level meeting with his Saudi counterpart, Mohammed bin Abdullah Al-Jadaan, Minister of Finance of the Kingdom of Saudi Arabia. The meeting took place on the …

The Economic Coordination Committee (ECC) of the Cabinet convened on Friday under the chairmanship of Federal Minister for Finance & Revenue, Senator Muhammad Aurangzeb, to review and approve various summaries submitted by federal ministries. The meeting, attended by key ministers and senior officials, resulted in significant decisions aimed at strengthening …

Aftab Maken The China-Pakistan Economic Corridor (CPEC) began its first phase in Pakistan with the primary objective of improving the country’s infrastructure. Alongside this, it also played a crucial role in addressing Pakistan’s energy shortages. Under CPEC, direct and indirect Chinese investments transformed Pakistan’s energy landscape, turning a deficit into …

The National Electric Power Regulatory Authority (NEPRA) has approved a national average uniform decrease of Rs 1.23 per unit in the Fuel Charge Adjustment (FCA) for DISCOs for December 2024 and a similar Rs 1.23 per unit FCA reduction for K-Electric for November 2024. According to NEPRA’s determination, the actual …

The government’s new Electric Vehicle (EV) Charging Stations Policy has caused confusion among investors instead of providing the intended facilitation. This issue came to light during a public hearing conducted by NEPRA regarding the establishment of EV charging stations across the country, which aimed to streamline the charging process for …

The National Electric Power Regulatory Authority (NEPRA) has directed DISCOs and K Electric to meticulously review their records and rectify any inaccuracies in the Maximum Demand Indicator (MDI) data stored in their historical files. This directive aims to prevent overcharging of fixed fees based on erroneous MDI calculations. According to …

Aftab Maken The Federal Board of Revenue (FBR) has decided to tighten its grip on individuals conducting financial transactions that exceed the income declared in their tax returns. FBR Chairman Rashid Langrial emphasized that taxpayers who underreport their income will be identified and brought into the tax net using an …

The Oil and Gas Regulatory Authority (OGRA) has taken serious notice of illegal activities related to liquefied petroleum gas (LPG), including gas theft, illegal decanting, the mixing of carbon dioxide (CO2) with LPG, and violations of safety standards. In response, OGRA has deployed teams to identified locations to conduct inspections …

The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Tuesday convened under the leadership of Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue, at the Finance Division. Among the attendees were Federal Minister for Housing and Works Riaz Hussain Pirzada, the Attorney General of Pakistan, the Executive Director of …

In a meeting of the National Assembly Standing Committee on IT and Telecom, PTA Chairman raised concerns about the government’s lack of investment in the internet sector. He pointed out that while the Pakistan Telecommunication Authority (PTA) has contributed Rs. 1,700 billion to the government over the past six years, …