Commercial import of used vehicles under five years old now permitted until June 2026, with phased duty reduction planned through 2030. BeNewz Report The Ministry of Commerce has officially notified amendments to Pakistan’s Import Policy Order, allowing the commercial import of used vehicles up to five years old, effective immediately. …
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Pakistan’s GDP growth forecast for 2025 holds steady at 2.5%, while inflation is projected to ease from 23.4% in 2024 to 4.5% in 2025, according to the ADB. BeNewz Report ISLAMABAD: The Asian Development Bank (ADB) has maintained its GDP growth forecast for Pakistan at 2.5% for 2025, while projecting …
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BeNewz Report The UAE has introduced multiple new visa categories aimed at making it easier for professionals, tourists, and humanitarian cases to enter and stay in the country. In a significant overhaul of its immigration policy, the United Arab Emirates has launched a series of new visa types designed to …
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Consumers may see up to Rs 0.19 per unit increase in October bills due to August fuel cost adjustment. BeNewz Report Consumers across Pakistan are likely to face an increase in electricity tariffs by up to Rs 0.19 per unit as the National Electric Power Regulatory Authority (NEPRA) reviews a …
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Petrol, diesel, and kerosene prices are expected to rise from October 1, adding pressure on households already battling inflation. BeNewz Report Pakistanis are bracing for another financial hit as the prices of key petroleum products are set to increase from October 1, 2025, in response to global crude oil trends …
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Talks focus on tax shortfalls, energy sector reforms, and flood impacts as Pakistan seeks $1bn loan tranche. Aftab Maken ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have commenced policy-level talks in Islamabad as part of the second review under the $7 billion Stand-By Arrangement (SBA), aiming to unlock the …
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Rail link vital for Reko Diq copper-gold exports; $390m bridge financing secured under government guarantee. BeNewz Report The Economic Coordination Committee (ECC) of the Cabinet has directed the Ministry of Railways and the Finance Division to present a comprehensive execution and implementation plan for rail agreements related to the Reko …
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Power Minister unveils six-year elimination plan, praises IMF-backed reforms and landmark bank deal Aftab Maken ISLAMABAD: Federal Minister for Power Division Awais Leghari announced that Pakistan’s entrenched issue of circular debt in the power sector will be entirely resolved within six years, under a structured reform plan already yielding results. …
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Only Rs45.5 million recovered so far, as the majority of fines are challenged or pending; fatal accidents dominate enforcement action. Aftab Maken NEPRA–a regulator in Pakistan’s power sector companies, including distribution giants like K-Electric and national transmission operator NTDC, has fined a total of Rs 975 million for fatal and …
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The government resolves chronic circular debt via coordinated financial and policy efforts, freeing liquidity for key sectors without additional electricity charges. Aftab Maken The Govt has successfully restructured Rs1,225 billion in circular debt from the power sector, marking a decisive move towards fiscal consolidation and investor confidence. The historic agreement, …
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