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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Aftab Maken Federal Finance Minister Senator Muhammad Aurangzeb emphasized the government’s commitment to structural reforms aimed at building a resilient economy and fostering sustainable growth during his address at the inaugural session of the 2-day Pakistan Banking Summit 2025. Organized by the Pakistan Banks Association to enhance industry collaboration and …
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Federal Finance Minister Muhammad Aurangzeb has expressed optimism that Pakistan is expected to receive $1 billion from the International Monetary Fund (IMF) under the climate fund. To discuss this initiative, an IMF delegation is scheduled to visit Pakistan on February 24. During an informal conversation with journalists in Islamabad, the …
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The Senate Standing Committee on Finance has approved the Income Tax Amendment Bill 2025. During the meeting, the committee was informed that the tax rate on banks’ profits has been increased from 39% to 42%, in addition to a super tax on banks’ income. The session, chaired by Senator Saleem …
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The Competition Commission of Pakistan (CCP) and the Punjab Food Authority (PFA) inked Memorandum of Understanding (MoU) to enhance co-operation to deter deceptive marketing and improve consumer protection in matters related to food products claims and labelling. The MoU signing ceremony, held at the head office of the Directorate General, …
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The Oil and Gas Regulatory Authority (OGRA) on Saturday night has announced a reduction in POL prices for the next fortnight of February, said an official statement of the Finance Ministry. According to a statement, the new prices for the remaining two weeks of February, the POL prices have been …
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In a significant stride towards fostering regional collaboration and economic prosperity, the Federal Minister for Finance and Revenue of Pakistan, Senator Muhammad Aurangzeb, held a high-level meeting with his Saudi counterpart, Mohammed bin Abdullah Al-Jadaan, Minister of Finance of the Kingdom of Saudi Arabia. The meeting took place on the …
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