The Federal Board of Revenue (FBR), under the jurisdiction of Regional Tax Office-II, carried out a major operation and uncovered alleged tax evasion exceeding Rs 100 million by a well-known fashion brand. As part of the operation, four of the brand’s outlets were sealed. In an official statement, the FBR …
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Federal Finance Minister Muhammad Aurangzeb has stated that Pakistan’s economic stability is evident to the world. He emphasized that the rising volume of imports remains a major challenge. However, he expressed hope that, God willing, this would be the last program with the International Monetary Fund (IMF) — a goal …
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Tensions between the Chairman of the Higher Education Commission (HEC), Dr. Mukhtar Ahmed, and Executive Director Dr. Zia-ul-Qayyum have escalated significantly. With only three months remaining in the extended tenure of Chairman Dr. Mukhtar Ahmed, he has issued three explanation letters to Dr. Zia-ul-Qayyum. Following these communications, a meeting of …
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In the first 13 months of the Pakistan Muslim League-Nawaz (PML-N) government’s tenure, the circular debt in the power sector has decreased by Rs 283 billion. According to documents of the Power Division, the circular debt in the power sector was reduced by this amount, reaching Rs 2,396 billion between …
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Pakistan Medical and Dental Council (PMDC) has fixed Rs 1.8 million for the students of MBBS and BDS for all sessions, said an official notification of the Council here on Monday. However, the management of the private medical colleges if collected above and over the fixed amount of Rs 1.8 …
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Aftab Maken Pakistan Suzuki Motor Company (PSMC) has once again increased the prices of its popular hatchback, the Suzuki Swift. The latest price hike, effective from April 26, 2025, sees the price of the Swift GL MT variant rise by Rs 80,000. Previously priced at Rs 4,336,000, the Suzuki Swift …
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Finance Minister Senator Muhammad Aurangzeb concluded the fourth day of his visit to Washington, for the Spring Meetings of the International Monetary Fund (IMF) and the World Bank with significant progress on economic diplomacy, said an official statement of the finance Ministry here on early Friday morning. The visit featured …
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There is likely rise in inflation again in the country ahead of the upcoming budget and Eid-ul-Adha. In its Monthly Economic Update and Outlook, the Ministry of Finance has released estimates related to inflation, projecting that inflation in May could potentially increase to between 3% and 4%. For the current …
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inDrive, the global peer-to-peer ride-hailing and delivery platform, has achieved its highest-ever growth in Pakistan’s delivery services during March 2025, with a record-breaking surge in demand during the week of Eid. As families gathered for iftars, shared Eid gifts, and businesses prepared for one of the busiest retail periods of …
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In a meeting of the Senate Standing Committee on Finance, held under the chairmanship of Senator Saleem Mandviwalla of the Pakistan Peoples Party, a significant development unfolded regarding the ongoing investigation into money laundering through the import of solar panels. The sub-committee, established to probe the matter, requested additional time …
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