Aftab Maken ISLAMABAD: Pakistan’s energy sector is teetering on the brink of collapse, facing a severe financial crisis that could trigger a significant increase in gas prices for consumers starting January 1, 2026. A deepening circular debt, blamed on systemic mismanagement and a lack of a cohesive national energy policy, …
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Aftab Maken ISLAMABAD: To promote the digital economy and broaden the tax base, the federal government has imposed a cash transaction limit of Rs 200,000 for retail outlets and e-commerce Cash on Delivery (COD) payments. According to a circular issued by the Federal Board of Revenue (FBR) on August 12, …
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BeNewz ISLAMABAD: The government has accelerated work on three landmark social impact initiatives aimed at boosting skills development, providing affordable credit to small farmers, and promoting household energy efficiency, with launches targeted in the coming weeks. Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired back-to-back meetings on Thursday …
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The majority of companies (72%) rely on multi-vendor ecosystems even though such fragmented security solutions lead to operational and financial strains. Such findings were revealed in the recent Kaspersky research. A study titled “Improving resilience: cybersecurity through system immunity,” conducted by Kaspersky, examined how organizations manage cybersecurity today, focusing on …
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Aftab Maken ISLAMABAD: To reform the country’s agricultural financing system, the Privatization Commission has signed a Financial Advisory Services Agreement (FASA) for the strategic privatization of Zarai Taraqiati Bank Limited (ZTBL). The agreement, inked with a consortium led by Next Capital Limited, underscores the government’s push to modernize state-owned enterprises …
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Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, led by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, on Wednesday approved a series of key economic and development measures aimed at boosting industrial growth, improving global competitiveness, and strengthening national institutions, said an official release of …
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Aftab Maken ISLAMABAD: Finance Minister Muhammad Aurangzeb on Tuesday said Pakistan’s agricultural sector has been brought under the tax net and renegotiated agreements with Independent Power Producers (IPPs) have led to lower electricity prices, with further relief expected in the coming days. He added that losses in the power sector …
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BeNewz Report ISLAMABAD: A parliamentary committee led by PTI’s Atif Khan has launched an investigation into alleged price manipulation by the sugar industry, which reportedly netted millers an extraordinary Rs 300 billion in profits within just three weeks. The committee is seeking details from the Securities and Exchange Commission of …
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BeNewz Report ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb was given a comprehensive briefing by the Competition Commission of Pakistan (CCP) on the challenges of promoting competition in the sugar sector and the causes of the recent sugar crisis. The meeting highlighted that inaccurate estimates provided by the Sugar Advisory …
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Aftab Maken ISLAMABAD: Pakistan Petroleum Limited (PPL), one of the nation’s leading energy companies, has confirmed it was the target of a ransomware attack, but asserts that its core operational systems and sensitive data remain uncompromised. The incident, detected on August 6, 2025, prompted a swift and decisive response from …
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