Aftab Maken ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb has called for focused reforms and stronger governance across State-Owned Enterprises (SOEs), as cumulative losses hit an alarming Rs 5.8 trillion and circular debt in the energy sector crosses Rs 4.9 trillion. Chairing a crucial meeting of the Cabinet Committee on State-Owned …
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Aftab Maken ISLAMABAD: Prime Minister Shehbaz Sharif has officially endorsed the establishment of a high-level search committee. This committee is tasked with identifying and recommending the Chairman and Members for the newly formed Pakistan Digital Authority (PDA). This significant development operates under the purview of the Digital Nation Pakistan Act …
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Aftab Maken ISLAMABAD: Pakistan and the United States are on the cusp of a significant breakthrough in their bilateral trade relations, with both nations aiming to finalize a crucial trade deal by next week. This optimistic timeline emerged from a virtual meeting held on Tuesday between Pakistan’s Finance Minister Muhammad …
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Aftab Maken ISLAMABAD: To attract American investment into Pakistan’s untapped mineral resources, the Government of Pakistan, in collaboration with the United States Embassy, hosted a high-level webinar titled “Opportunities in Pakistan’s Mining Sector – Unlocking Mineral Potential.” The virtual event, held at the OGDCL Head Office in Islamabad, was jointly …
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Aftab Maken ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has issued a show-cause notice to K-Electric (KE) for failing to follow regulatory instructions regarding load shedding, even though such curtailments are allowed under federal government policy. Dated June 23, the notice came on the same day the Power Division …
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Aftab Maken ISLAMABAD: The Sugar Advisory Board has approved the import of 500,000 tons of sugar to tackle the ongoing shortage and stabilize market prices. The decision was taken during an important meeting of the board, chaired by Federal Minister for National Food Security and Research, Rana Tanveer Hussain. The …
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Aftab Maken ISLAMABAD: On Monday, Finance Minister Muhammad Aurangzeb wrapped up the debate on the upcoming fiscal year’s budget during a session of the National Assembly. In his speech, he highlighted the government’s economic direction, key tax reforms, and public welfare initiatives. Aurangzeb told the House that the government has …
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Aftab Maken ISLAMABAD: Pakistani consumers are demonstrating a dramatic shift towards digital commerce, collectively spending over $1 billion annually on online shopping, according to recent revelations. This burgeoning trend highlights the significant growth of the country’s digital economy, prompting the government to introduce a 5% tax on foreign vendors in …
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Aftab Maken ISLAMABAD: In the backdrop of the escalating Israel-Iran conflict 2025, the federal government of Pakistan has taken a significant decision to safeguard national energy reserves. Amid fears of a looming fuel crisis in Pakistan, the government has ordered the immediate import of 140 million liters of petrol. According …
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Aftab Maken ISLAMABAD: The Senate Standing Committee on Finance has recommended a 50% increase in government employees’ salaries, a 20% rise in pensions for retired public servants, and fixing the minimum monthly wage at Rs 50,000. The panel also proposed increasing the Employees’ Old-Age Benefits Institution (EOBI) pension to Rs …
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