Aftab Maken Islamabad A recently formed Senate sub-committee, tasked with investigating alleged tax evasion worth billions of rupees within Pakistan’s cigarette industry, is now at the center of a significant controversy. Serious objections have been raised regarding the inclusion of senators with direct and past ties to the tobacco sector, …
Read More »
Aftab Maken Islamabad Finance Minister Muhammad Aurangzeb has hinted at possible relief for the salaried class in the upcoming budget. He also assured full support for the Pakistan Armed Forces, calling it not just the military’s need but a national necessity. However, he clarified that no final decision has yet …
Read More »
Aftab Maken ISLAMABAD In a significant policy shift aimed at monetising surplus electricity and drawing foreign investment, the federal government has earmarked 2,000 megawatts (MW) of power in the first phase of a national plan to support Bitcoin mining and Artificial Intelligence (AI) data centres. The initiative, led by the …
Read More »
Pakistan and the International Monetary Fund (IMF) have not yet reached a complete consensus on the budget targets for the upcoming fiscal year. However, the IMF has announced that negotiations on the new fiscal year’s budget will continue. An IMF mission, led by Mr. Nathan Porter, concluded its staff visit …
Read More »
The Competition Appellate Tribunal (CAT), while deciding the appeals filed by the Pakistan Sugar Mills Association (PSMA) and its member mills, has remanded the case to the Competition Commission of Pakistan’s (CCP) for a fresh hearing. In its short order, the Tribunal directed that the matter be reheard by either …
Read More »
The National Assembly Standing Committee on Petroleum has approved the Off the Grid (Captive Power Plants) Levy Bill, 2025, clearing it for passage in the National Assembly. The bill aims to impose a levy on captive power plants and is part of Pakistan’s commitments under the IMF’s Extended Fund Facility. …
Read More »
Islamabad: A high-level meeting was held on Thursday at the Finance Division between Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and a senior World Bank delegation led by Ms. Anna Bjerde, Managing Director for Operations at the World Bank. The meeting centered on strengthening bilateral cooperation, reviewing the …
Read More »
Islamabad Consumers of K-Electric are set to receive relief in their electricity bills for June 2025, on account of the fuel cost adjustment for the month of March 2025. The National Electric Power Regulatory Authority (NEPRA) conducted a public hearing here on Thursday to consider a request for a reduction …
Read More »
Due to high tax rates, many businesses are reportedly shifting from Pakistan to Dubai — a concern that the Federal Board of Revenue (FBR) has confirmed. This was revealed during a meeting of the Senate Standing Committee on Finance, chaired by Senator Saleem Mandviwalla. Members of the committee pointed out …
Read More »
The National Disaster Management Authority (NDMA) has informed the Senate Standing Committee on Climate Change that Pakistan is likely to receive up to 300 millimeters of rain during this year’s monsoon season, with Punjab expecting between 300 to 380 millimeters. The frequency of cloudbursts is also expected to increase. The …
Read More »
BeNewz
