Pakistan’s trade deficit showed a modest improvement in February 2025, though the country continues to grapple with rising imports and falling exports, according to the latest trade data from the Pakistan Bureau of Statistics (PBS). The trade figures for February, compared with January 2025, reveal a sharp decline in exports. …
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The Federal Board of Revenue (FBR) has reported an interim revenue shortfall of Rs 601 billion during the first eight months (July to February) of the current fiscal year 2024-25. In February alone, the shortfall stood at Rs 133 billion. On Friday night, a senior FBR official revealed that during …
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The Oil and Gas Regulatory Authority (OGRA) announced a reduction in POL prices for the first fortnight of March on Friday night, according to an official statement from the Finance Ministry. As per the statement, fuel prices have been further reduced for the initial two weeks of March. The revised …
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The federal government has decided to make Gwadar Port fully operational, announcing that 60% of government imports and exports will be routed through it. Addressing the National Maritime Policy Workshop in Islamabad, Federal Minister for Maritime Affairs, Qaiser Ahmed Sheikh, emphasized the critical role of the maritime sector in Pakistan’s …
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Hutchison Ports, one of the world’s leading port networks, presented its $1 billion investment plan to Finance Minister Muhammad Aurangzeb on Friday for the modernization of Pakistan’s port infrastructure. Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, recently convened with a high-level delegation from Hutchison Ports, led by Andy …
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The Ministry of Finance has expressed concerns about a potential rise in inflation ahead of Eid al-Fitr. According to the latest report of the Finance Ministry, inflation in March is projected to range between 3 to 4 percent, while in February, it is expected to remain between 2 to 3 …
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The Pakistan Telecommunication Authority (PTA), during a briefing to the Senate Committee on IT and Telecom, highlighted the need for a larger spectrum to implement 5G while acknowledging several challenges in its rollout. The meeting of the Senate Standing Committee on IT and Telecom, chaired by Palwasha Khan, was held …
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The Public Accounts Committee (PAC) has uncovered a non-transparent auction of 29 commercial plots valued at Rs 37 billion by the Capital Development Authority (CDA). During the review of audit paras for the Ministry of Interior’s subordinate institutions for the fiscal year 2023-24, members expressed their displeasure over the absence …
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Federal Minister for Finance, Muhammad Aurangzeb, announced that the authority over tax policy has been officially transferred to the Finance Division. While addressing the Chamber of Commerce in Peshawar, he emphasized that the primary purpose of technology is to provide convenience. He stated that minimizing human intervention in financial processes …
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The National Assembly’s Standing Committee on Privatization was informed that the financial advisor hired for the privatization of the national airline, Pakistan International Airlines (PIA), had already been paid Rs 1.2 billion, yet the privatization process remained incomplete. The meeting, held in Islamabad under the chairmanship of Dr. Farooq Sattar, …
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