Aftab Maken ISLAMABAD: The Asian Development Bank (ADB) on Monday approved a comprehensive $800 million package aimed at strengthening fiscal sustainability and enhancing public financial management in the country, said an official release of the ADB. The support comes under the Improved Resource Mobilization and Utilization Reform Program (Subprogram 2) …
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Aftab Maken ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed a cumulative penalty of Rs 375 million on six leading urea manufacturers and their trade association for collusive price fixing. The Commission, acting on a suo motu notice, conducted a comprehensive inquiry and found that the companies — Fatima …
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Aftab Maken ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet was held on Monday under the chairmanship of Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, during which the Cabinet body approved significant technical supplementary grants (TSGs) for various ministries and divisions and endorsed several …
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Aftab Maken ISLAMABAD: The federal government has taken a major step towards regulating digital assets and blockchain technologies in Pakistan, as Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a high-level meeting of the Pakistan Crypto Council (PCC) at the Finance Division on Monday. The meeting focused on …
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Aftab Maken Islamabad: The Federal Board of Revenue (FBR) is facing an escalating crisis, reporting a massive revenue shortfall of Rs 1,027 billion during the first eleven months (July 2024 to May 2025) of the current fiscal year. This alarming gap, which includes a Rs 206 billion deficit in May …
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Pakistan’s formal negotiations on US Reciprocal tariffs kick-started between Muhammad Aurangzeb, Pakistan’s Finance Minister and Ambassador Jamieson Greer, United States Trade Representative through a telephonic/conference call on Friday. The two sides exchanged their view point through a constructive engagement with the understanding that technical level detailed discussions would follow in …
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The Pakistan Crypto Council will convene a high-level meeting on Monday, 2nd June 2025, to be chaired by Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue. The meeting will serve as a strategic forum to deliberate on the evolving regulatory and legal framework surrounding digital currency and the broader …
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Aftab Maken ISLAMABAD: The National Assembly’s Standing Committee on Education has initiated a formal inquiry into serious allegations of leaked Cambridge International examination papers, establishing a subcommittee to conduct a thorough investigation. The move came after a tense committee meeting on Friday where evidence of multiple compromised exam papers was …
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Aftab Maken Islamabad: The National Electric Power Regulatory Authority (NEPRA) has come down hard on K-Electric for its worsening performance and failure to provide a stable electricity supply to Karachi. In a strongly worded letter, NEPRA’s Additional Director General Iftikhar Ali Khan highlighted the growing number of public complaints and …
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Aftab Maken ISLAMABAD: Pakistan’s economy is demonstrating clear signs of stabilization and recovery. This positive assessment comes on the back of significantly improved fiscal performance, a notable current account surplus, and a dramatic decline in inflation – developments that collectively point toward a more stable macroeconomic environment as the fiscal …
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