Tech

Aftab Maken ISLAMABAD: The President of Pakistan has issued the Virtual Assets Regulatory Authority Ordinance 2025, which comes into immediate effect across the country. This ordinance introduces a comprehensive legal framework for overseeing virtual assets and their service providers in the country. Under the ordinance, the Authority will function as …

Aftab Maken ISLAMABAD: Pakistan’s car market is facing a big shock following the Federal Budget 2025-26. Major car makers like Pak Suzuki Motor Company and Lucky Motor Corporation (LMC) have announced sharp price increases on their vehicles, effective July 1, 2025.  These hikes come after the government raised the sales …

Aftab Maken ISLAMABAD: Prime Minister Shehbaz Sharif has officially endorsed the establishment of a high-level search committee. This committee is tasked with identifying and recommending the Chairman and Members for the newly formed Pakistan Digital Authority (PDA). This significant development operates under the purview of the Digital Nation Pakistan Act …

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 …

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 …

Aftab Maken ISLAMABAD: The Senate Standing Committee on Finance has rejected key proposals in the finance bill 2025-26 which include a Rs 2.50 per liter carbon levy on petroleum products, the removal of the 10% debt servicing surcharge cap on electricity users, and the imposition of a levy on small …

Aftab Maken ISLAMABAD:  The Privatisation Commission Board has approved a series of strategic decisions aimed at expanding private sector involvement in Pakistan’s power sector. The decisions were taken during the 235th meeting of the Privatisation Commission (PC) Board held on Wednesday, June 18, at the PC Headquarters in Islamabad. The …

Aftab Maken ISLAMABAD: The Senate Standing Committee on Finance has approved the proposal to remove the 18% sales tax on the import of solar panels, a move that is likely to offer significant tax relief to consumers amid rising electricity prices. The committee meeting, chaired by Senator Saleem Mandviwalla, gave …

Aftab Maken ISLAMABAD: Islamabad High Court (IHC) has ruled that a prominent telecom operator—Jazz Pakistan–is liable to pay approximately Rs 22 billion ($78 million) in taxes on the transfer of its tower infrastructure. The decision, handed down by a Division Bench led by Justice Babar Sattar, settles a long-standing dispute …

Aftab Maken Islamabad: A follow-up meeting of the Pakistan Crypto Council (PCC) was held on Thursday at the Finance Division to review progress on developing a regulatory framework for digital and virtual assets in the country. The session was chaired by Federal Finance Minister Senator Muhammad Aurangzeb. The meeting brought …