Pakistan Telecommunication Authority says 5G spectrum auction fetched Rs144.5bn, with 480 MHz sold in the first stage, increasing spectrum availability by 1.7%. Aftab Maken ISLAMABAD: Pakistan Telecommunication Authority chairman Major General (retd) Hafeez ur Rehman announced the results of the 5G spectrum auction, saying the first phase of bidding has …
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—Finance Minister says NGMS/5G spectrum auction will accelerate digital growth and support IT exports, telecom expansion, and digital payments ecosystem in Pakistan Aftab Maken ISLAMABAD: Finance Minister Muhammad Aurangzeb said the NGMS/5G spectrum auction conducted by the Pakistan Telecommunication Authority marks a major step toward Pakistan’s digital transformation and expansion …
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Islamabad court convicts Bahria Town executive Khalil ur Rehman in a Rs 1.6bn money laundering case, imposing a 10-year sentence and Rs25m fine in a major FIA prosecution Aftab Maken ISLAMABAD: An Islamabad court sentenced Bahria Town executive Khalil ur Rehman to 10 years imprisonment in a major money laundering …
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ECC approved key grants and power sector reforms. The moves aim to support energy, education, and disaster response programs BeNewz Report ISLAMABAD: The Economic Coordination Committee (ECC) approved multiple Technical Supplementary Grants (TSGs) and a power sector reform package during a meeting chaired by Finance Minister Senator Muhammad Aurangzeb. The …
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Pakistan’s Sensitive Price Indicator rose 0.37% in the week ending March 5, reflecting higher food and fuel costs Weekly inflation measured through the Sensitive Price Indicator (SPI) increased by 0.37% for the week ended March 5, 2026, according to the Pakistan Bureau of Statistics. The SPI is calculated every week …
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The FIA is investigating alleged hawala transfers linked to Z2C Limited and media group Hum Network Aftab Maken ISLAMABAD: Federal Investigation Agency (FIA) has launched an expanding investigation into alleged money laundering involving digital marketing firm Z2C Limited, media group Hum Network Limited, and payments linked to international cricket broadcasting …
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IMF cuts short Pakistan visit over security concerns and shifts $1.2bn tranche talks to virtual mode from Turkiye. BeNewz Report ISLAMABAD: The International Monetary Fund ended its Pakistan visit early and shifted talks on a $1.2bn loan tranche to virtual meetings from Turkiye, citing security concerns. The IMF mission met …
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Aftab Maken ISLAMABAD: FBR collected Rs 8.1tr in July-February, missing the revised target by Rs 450bn and raising the likelihood of another downward revision after IMF talks. Pakistan’s Federal Board of Revenue has recorded a Rs 450bn revenue shortfall during the first eight months of fiscal year 2025-26, intensifying pressure …
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Economic Coordination Committee boosts “Mera Ghar” scheme loan ceiling and approves Thar rail grant. Aftab Maken ISLAMABAD: The Economic Coordination Committee of the Cabinet on Thursday approved an increase in the “Mera Ghar Mera Aashiana” mortgage scheme loan limit to Rs10 million, introducing a uniform 5% end-user rate to expand …
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Pakistan’s weekly inflation eased 0.54% for the week ended February 26, driven by sharp declines in vegetable and poultry prices, official data showed. Aftab Maken ISLAMABAD: The Pakistan Bureau of Statistics said on Friday the Sensitive Price Indicator declined 0.54% week-on-week for the period ended February 26, 2026, reflecting lower …
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