The Public Accounts Committee (PAC) has summoned Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi for its next meeting and has requested details of the expenses incurred during the Champions Trophy. During a meeting chaired by Junaid Akbar, the PAC reviewed an audit para regarding the non-distribution of approximately Rs 2 …
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The Competition Commission of Pakistan (CCP) on Tuesday stated that it is closely monitoring the ongoing sugar crisis and warned that strict enforcement and policy actions will be taken if any anti-competitive activities are found. The CCP has been actively working to curb cartelization in the sugar industry, promoting fair …
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A significant meeting took place today between Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and a delegation from the Federation of Pakistan Chambers of Commerce & Industry (FPCCI). The delegation was led by FPCCI President Atif Ikram, along with Patron-in-Chief S. M. Tanveer and Senator Noman Wazir, Chief …
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Federal Finance Minister Muhammad Aurangzeb informed the National Assembly that no proposal is currently under consideration to increase the salaries of government employees in the upcoming financial year. However, within a few hours of submitting a written response in the parliamentary session, the Finance Ministry retracted its statement. Issuing a …
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In a significant follow-up meeting held at the Ministry of Finance, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, along with his team at the Finance Division, engaged with the World Bank team to discuss Pakistan’s national growth and fiscal program. The discussions took place as part of the …
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The Pakistan Crypto Council (PCC) has officially been launched, marking a significant step in the country’s efforts to regulate and integrate blockchain technology and digital assets into its financial landscape. The council is set to play a pivotal role in formulating policies, fostering innovation, and ensuring a secure and forward-thinking …
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The Economic Coordination Committee (ECC) of the Cabinet, under the chairmanship of Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, convened on Thursday to approve a series of amendments to the existing net-metering regulations. These changes aim to alleviate the growing financial burden on grid consumers, which has intensified …
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Federal Minister for Finance, Muhammad Aurangzeb, has asserted that sugar is no longer being smuggled across the border; instead, it is now being legally exported to Afghanistan. Addressing a press conference in Islamabad, the finance minister elaborated on the steps taken to regulate the sugar industry. He stated that the …
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The Competition Commission of Pakistan (CCP) has issued show cause notices to International Steel Limited (ISL) and Aisha Steel Mills Limited (ASML) for alleged cartelization in the flat steel market, says an official release of CCP on Tuesday. An inquiry conducted by the Commission found prima facie evidence suggesting that …
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The ongoing policy-level talks between the Government of Pakistan and the International Monetary Fund (IMF) are currently focused on addressing circular debt in the power sector. Currently, deliberations on Federal Board of Revenue (FBR) revenue, agricultural tax, and property tax are also in progress. According to sources from the Power …
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