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, …

Aftab Maken The Economic Coordination Committee (ECC) of the Cabinet, led by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met on Monday. They discussed inflation and the prices of essential goods, reviewing data from the Finance Division’s Economic Advisor’s Wing. The ECC noted a significant drop in inflation …

Aftab Maken The government has prepared an incentive package for the public in the real estate and housing sector. To boost business activities in the property sector, a significant reduction in tax rates is also worked out. The 11-member task force of the Ministry of Housing has formulated more than …

The Finance Ministry with the approval of Prime Minister has announced increased POL prices for the month of February, said an official statement of the Ministry on Friday night. The statement further stated that the price of petrol has been increased Rs 1 per litter and diesel Rs 7 per …

Aftab Maken Senator Faisal Vawda has alleged that officials of the Federal Board of Revenue (FBR) have threatened him with dire consequences for raising the issue of vehicle purchases. The Chairman of the FBR stated that a high-level inquiry should be conducted into the threats of intimidation. He assured that …

A meeting of the Cabinet Committee on Rightsizing of the Federal Government was held Thursday at the Finance Division, chaired by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb. The meeting focused on the recommendations of the sub-committee headed by Salman Ahmad, Ambassador at Large, regarding the restructuring of …