Agreement unlocks $1.2 billion in funding as IMF praises strong reform momentum amid flood challenges Aftab Maken ISLAMABAD: The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement on the second review of the 37-month Extended Fund Facility (EFF) and the first review of the 28-month Resilience and …
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FBR’s new RMS 2.0 system flags consignment; $85,000 worth of goods seized, legal action initiated. BeNewz Report Islamabad: Collectorate of Customs Appraisement (West) Karachi and the Collectorate of Customs Enforcement Karachi have jointly foiled an attempt to clear banned Indian-origin textile machinery through misdeclaration at the Karachi International Container Terminal …
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BeNewz Report The Marine Enforcement Unit of the Collectorate of Customs (Enforcement), Karachi, has intercepted three vessels carrying 132,564 litres of Iranian-origin High-Speed Diesel (HSD) in what officials describe as the largest single marine seizure of petroleum products in Pakistan’s recent history. The operation unfolded during the night between October …
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BeNewz Report The Sensitive Price Indicator (SPI) for the week ending October 9, 2025, recorded a slight increase of 0.17%, mainly driven by higher prices of essential food items such as chicken, onions, wheat flour, and eggs, according to the latest data released by the Pakistan Bureau of Statistics (PBS). …
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Aftab Maken ISLAMABAD: Lack of clarity on the Governance and Corruption Diagnostic (GCD) report and pending confirmation of external financing have delayed Pakistan’s staff-level agreement (SLA) with the International Monetary Fund (IMF), though officials remain hopeful the deal will be concluded during Finance Minister Muhammad Aurangzeb’s upcoming visit to Washington. …
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IMF concludes $8.4bn review discussions with Pakistan without a staff-level agreement; further talks expected in Washington as Islamabad faces fiscal and governance reform demands. Aftab Maken ISLAMABAD: The International Monetary Fund (IMF) has concluded its review mission with Pakistan without announcing a staff-level agreement (SLA) under the $8.4 billion combined …
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Aftab Maken The Competition Commission of Pakistan (CCP) has imposed fines exceeding Rs1.56 billion on Aisha Steel Mills Limited (ASML) and International Steels Limited (ISL) for collusion, artificial price hikes, and distorting market competition in violation of national competition laws. In a landmark ruling issued by a two-member CCP bench …
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Watchdog seeks public evidence as housing societies accused of using fake approvals and Islamabad’s name to mislead investors. BeNewz Report ISLAMABAD: The Competition Commission of Pakistan (CCP) has initiated a formal inquiry into deceptive marketing practices in the real estate sector after uncovering widespread misrepresentation by several housing societies and …
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Massive customs fraud exposed at Jinnah International as FBR seizes Rs103 million consignment and initiates arrests over fake clearances. The Federal Board of Revenue (FBR) has unearthed a major customs duty and tax evasion scam at Karachi’s Jinnah International Airport, involving the illegal clearance of high-value electronics worth hundreds of …
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Pakistan’s weekly inflation rose 0.56% for the week ending October 2, 2025, driven by sharp increases in key food and fuel items, led by tomatoes. Aftab Maken Pakistan’s Sensitive Price Indicator (SPI), a key measure of short-term inflation, registered a 0.56% increase for the week ending October 2, 2025, reflecting …
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