ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, approved various financial proposals and policy guidelines during its meeting on Friday. The ECC approved Rs. 935.78 million for the payment of projected net salaries to Pakistan Steel Mills (PSM) …
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ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs), chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, has approved comprehensive business plans for Pakistan Broadcasting Corporation (PBC) and Pakistan Television Corporation (PTV). The plans, submitted by the Ministry of Information and Broadcasting, aim to address operational challenges and …
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ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced that the next phase of the federal government’s rightsizing initiative will focus on five ministries, divisions, and their attached departments. According to an official release by the Finance Ministry on Friday, the targeted ministries include; ministries of Communications, Railways, …
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The Interior Ministry will launch an inquiry into its own officials for pursuing unnecessary litigation against Chinese tech giant M/s Huawei, withholding $6.17 million (Rs 1.72 billion) owed under the Safe City Project, reliable sources disclosed on Thursday. The Ministry’s decision to file an Intra Court Appeal (ICA) against Huawei …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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