The Audit officials on Tuesday disclosed in the Public Accounts Committee (PAC) that 152 employees were found involved in overbilling within the Multan Electric Power Company (MEPCO). However, despite their involvement, they were only issued warnings and not penalized. During the PAC meeting, chaired by Junaid Akbar, it was further …
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Energy Minister Awais Leghari has reiterated that there was never any intention to impose a tax on solar energy, nor will there be in the future. He also indicated that electricity prices could see further reductions and assured that even feeders prone to electricity theft would receive power during Sehri …
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Aftab Maken Federal Finance Minister Senator Muhammad Aurangzeb emphasized the government’s commitment to structural reforms aimed at building a resilient economy and fostering sustainable growth during his address at the inaugural session of the 2-day Pakistan Banking Summit 2025. Organized by the Pakistan Banks Association to enhance industry collaboration and …
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Federal Finance Minister Muhammad Aurangzeb has expressed optimism that Pakistan is expected to receive $1 billion from the International Monetary Fund (IMF) under the climate fund. To discuss this initiative, an IMF delegation is scheduled to visit Pakistan on February 24. During an informal conversation with journalists in Islamabad, the …
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The Senate Standing Committee on Finance has approved the Income Tax Amendment Bill 2025. During the meeting, the committee was informed that the tax rate on banks’ profits has been increased from 39% to 42%, in addition to a super tax on banks’ income. The session, chaired by Senator Saleem …
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The globally renowned fashion icon, Professor Jimmy Choo, is set to visit Pakistan, thanks to the personal efforts and persuasion of Professor Sarwar Khawaja, a prominent British-Pakistani educationist and entrepreneur. This significant visit not only underscores Pakistan’s growing presence in the global fashion and creative industries but also presents an …
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The Competition Commission of Pakistan (CCP) and the Punjab Food Authority (PFA) inked Memorandum of Understanding (MoU) to enhance co-operation to deter deceptive marketing and improve consumer protection in matters related to food products claims and labelling. The MoU signing ceremony, held at the head office of the Directorate General, …
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The Capital Development Authority (CDA) has expressed concerns over a potential water shortage in the federal capital. A meeting of the Senate Standing Committee on Housing was held under the chairmanship of Senator Nasir Butt, where the CDA briefed the committee on the water supply situation in Islamabad. Officials informed …
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The Oil and Gas Regulatory Authority (OGRA) on Saturday night has announced a reduction in POL prices for the next fortnight of February, said an official statement of the Finance Ministry. According to a statement, the new prices for the remaining two weeks of February, the POL prices have been …
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In a significant stride towards fostering regional collaboration and economic prosperity, the Federal Minister for Finance and Revenue of Pakistan, Senator Muhammad Aurangzeb, held a high-level meeting with his Saudi counterpart, Mohammed bin Abdullah Al-Jadaan, Minister of Finance of the Kingdom of Saudi Arabia. The meeting took place on the …
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