Aftab Maken The Federal Board of Revenue (FBR) said it categorically in meeting of the finance committee that it would block undisclosed incomes and assets. Chairman FBR, Rashid Langrial, further said that only 2.5% of individuals will be affected by the Tax Laws Amendment Bill, and investors in the property …
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A meeting of the Cabinet Committee on Rightsizing of the Federal Government was held Monday, chaired by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, at the Finance Division. The meeting reviewed progress on the implementation of rightsizing measures across federal ministries and deliberated on the rightsizing plan of …
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Aftab Maken The Economic Coordination Committee (ECC) of the Cabinet met to discuss a summary submitted by Petroleum Division for an upward revision of the indigenous gas tariff for industry (captive power) as well as non-protected domestic slabs, says an official release of finance ministry on Saturday. The meeting was …
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Aftab Maken In a significant development, the Government has decided to withdraw proceedings initiated by NEPRA against Independent Power Producers (IPPs) for abnormal profits and excess savings in fuel and operations & maintenance (O&M) costs. Additionally, the government has terminated the agreement with PakGen Power Limited and included KAPCO in …
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Aftab Maken The Senate Standing Committee on Finance has voiced strong disapproval of the Federal Board of Revenue’s (FBR) decision to purchase over 1,000 vehicles worth billions of rupees. During a meeting chaired by Senator Saleem Mandviwalla, the committee criticized the procurement and recommended halting it immediately. The controversy began …
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Aftab Maken Minister of State for IT and Telecom, Shaza Fatima, has revealed the resistance faced in digitizing government departments, emphasizing that no institution willingly embraces digital transformation. Speaking at a briefing for the National Assembly’s Standing Committee on Information Technology and Telecommunications, she stressed the need to adopt digital …
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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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