Aftab Maken Jazz, Pakistan’s largest telecom operator, finds itself at the center of a growing controversy amid accusations of using inflated tariffs and poor services to cover its staggering Rs 50 billion spectrum debt. Despite its bold claims of championing “digital inclusion,” industry insiders and internal records paint a different …
Read More »FM off for London: Schedules with BAT officials ahead of budget
Federal Minister for Finance, Senator Muhammad Aurangzeb, has left for London on an official visit. The visit is aimed at engaging with British authorities, investors, financial institutions, investment banks, business firms, and other organizations. During the visit, the finance minister will also participate in various investment forums and seminars, where …
Read More »Trade deficit exceeds $21Bn
The country’s trade deficit during the period from July 2024 to April 2025 increased by 8.81%, surpassing the $21.35 billion mark, says an official data released by PBS here on Friday. The data further revealed that the trade deficit also surged in April, by 55.20% on a monthly basis to …
Read More »FM showcases reform gains to investors & global raters
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, reaffirmed Pakistan’s strong commitment to macroeconomic stability, structural reforms, and investor confidence. The finance minister said this during the two high-level Zoom meetings held on Friday — one with the Overseas Investors Chamber of Commerce & Industry (OICCI) and the other …
Read More »FBR seals Sowears over massive tax evasion
The Federal Board of Revenue (FBR), under the jurisdiction of Regional Tax Office-II, carried out a major operation and uncovered alleged tax evasion exceeding Rs 100 million by a well-known fashion brand. As part of the operation, four of the brand’s outlets were sealed. In an official statement, the FBR …
Read More »No Question of Tax Exemption: Finance Minister
Federal Finance Minister Muhammad Aurangzeb has stated that Pakistan’s economic stability is evident to the world. He emphasized that the rising volume of imports remains a major challenge. However, he expressed hope that, God willing, this would be the last program with the International Monetary Fund (IMF) — a goal …
Read More »Tensions rise at HEC as top officials face off
Tensions between the Chairman of the Higher Education Commission (HEC), Dr. Mukhtar Ahmed, and Executive Director Dr. Zia-ul-Qayyum have escalated significantly. With only three months remaining in the extended tenure of Chairman Dr. Mukhtar Ahmed, he has issued three explanation letters to Dr. Zia-ul-Qayyum. Following these communications, a meeting of …
Read More »Circular Debt drops by Rs 283 Bn in 13 months
In the first 13 months of the Pakistan Muslim League-Nawaz (PML-N) government’s tenure, the circular debt in the power sector has decreased by Rs 283 billion. According to documents of the Power Division, the circular debt in the power sector was reduced by this amount, reaching Rs 2,396 billion between …
Read More »Rs 1.8m fixed fees for MBBS & BDS private students
Pakistan Medical and Dental Council (PMDC) has fixed Rs 1.8 million for the students of MBBS and BDS for all sessions, said an official notification of the Council here on Monday. However, the management of the private medical colleges if collected above and over the fixed amount of Rs 1.8 …
Read More »Swift price soars to Rs 4.41m — Will buyers now opt others?
Aftab Maken Pakistan Suzuki Motor Company (PSMC) has once again increased the prices of its popular hatchback, the Suzuki Swift. The latest price hike, effective from April 26, 2025, sees the price of the Swift GL MT variant rise by Rs 80,000. Previously priced at Rs 4,336,000, the Suzuki Swift …
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