Aftab Maken Islamabad The Pakistani government has reiterated its stance that cryptocurrency remains banned in the country, telling the National Assembly’s Standing Committee on Finance that comprehensive regulations are essential before any legalization can be considered. The announcement came during a tense committee session where lawmakers voiced urgent concerns over …
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Aftab Maken ISLAMABAD Prime Minister Shehbaz Sharif is expected to soon unveil a new scheme aimed at curbing the chronic issue of electricity overbilling, Federal Energy Minister Awais Khan Leghari told the National Assembly’s Standing Committee on Power. The initiative — “Apna Meter, Apni Reading” — will allow consumers to …
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The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs 150 million on Kingdom Valley (Pvt.) Limited for misleading advertisements concerning its housing project. Acting on a suo motu notice, CCP’s Office of Fair Trade initiated an investigation and found that the company: Falsely advertised its project as …
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Aftab Maken Islamabad The National Accountability Bureau (NAB) has decided to auction several properties owned by Bahria Town. A public notice has been issued, marking the beginning of the process. According to NAB, six properties belonging to Bahria Town’s founder and chairman, Malik Riaz, will be auctioned. These include five …
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Aftab Maken ISLAMABAD Pakistan’s financial landscape is set for a significant overhaul as Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, champions a multi-pronged strategy focusing on digitalization, robust industry collaboration, and innovative funding for social upliftment. In a series of high-level meetings on Tuesday, May 27th, the Minister …
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Aftab Maken Islamabadad A meeting of the National Assembly’s Standing Committee on Industries & Production descended into a heated confrontation on Tuesday, ignited by the conspicuous absence of officials from the National Electric Power Regulatory Authority (NEPRA) and culminating in a fiery exchange between K-Electric CEO Moonis Alvi and committee …
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Aftab Maken Islamabad The National Assembly Standing Committee on Information Technology and Telecommunication has questioned the PTCL management over the sale of its prime land in Karachi’s megacity. The Committee asked PTCL to explain under which specific clauses the company is authorized to sell this land. The Committee also summoned …
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Aftab Maken Islamabad A recently formed Senate sub-committee, tasked with investigating alleged tax evasion worth billions of rupees within Pakistan’s cigarette industry, is now at the center of a significant controversy. Serious objections have been raised regarding the inclusion of senators with direct and past ties to the tobacco sector, …
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Aftab Maken Islamabad Finance Minister Muhammad Aurangzeb has hinted at possible relief for the salaried class in the upcoming budget. He also assured full support for the Pakistan Armed Forces, calling it not just the military’s need but a national necessity. However, he clarified that no final decision has yet …
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Aftab Maken ISLAMABAD In a significant policy shift aimed at monetising surplus electricity and drawing foreign investment, the federal government has earmarked 2,000 megawatts (MW) of power in the first phase of a national plan to support Bitcoin mining and Artificial Intelligence (AI) data centres. The initiative, led by the …
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