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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Aftab Maken ISLAMABAD: Pakistan is set to see a significant shift in its automotive market and public finance management, following key approvals from the Ministry of Commerce and the Senate Standing Committee on Finance. Starting September 2025, the commercial import of used cars will officially be permitted, marking a new …
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Aftab Maken ISLAMABAD: Pakistan is poised to significantly enhance its energy cooperation with Russia, following a high-level meeting between a Pakistani delegation led by Federal Minister for Petroleum, Ali Pervaiz Malik, and representatives of Gazprom, Russia’s leading oil and gas giant. The discussions, which included Sergey Tumanov, General Director of …
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Aftab Maken ISLAMABAD: The government has decided to tighten the noose around individuals and businesses not registered with the Federal Board of Revenue (FBR). The proposed actions include banning such persons from operating bank accounts and disconnecting their electricity and gas connections. However, the National Assembly’s Standing Committee on Finance …
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