BeNewz Report Consumers may see modest relief as petroleum prices are projected to drop for the first half of September 2025, with petrol expected at Rs264 and diesel at Rs269.86 per litre. Petrol and diesel prices in Pakistan are projected to decline modestly from September 1, 2025, providing some respite …
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Bankruptacy law – 1 BeNewz Report ISLAMABAD: A sub-committee on Bankruptcy Law and the Prevention of Undue Harassment by State Authorities has proposed major relief measures for companies facing winding-up orders. The committee has recommended key amendments to the Corporate Rehabilitation Act, 2018, including the removal of the eligibility threshold …
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Aftab Maken ISLAMABAD: The tenure of the current Chairman of the Higher Education Commission (HEC), Dr. Mukhtar Ahmed, will conclude on Tuesday, July 29, 2025, marking the end of his controversial one-year extension. Dr. Mukhtar Ahmed has previously completed two full terms as Chairman of the HEC. Last year, he …
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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 …
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Aftab Maken ISLAMABAD: There is a strong possibility that the federal government will maintain the current slabs of tax and duty on vehicles in the upcoming Budget 2025-26. Despite several proposals under consideration, the current import duties on automobiles are likely to stay unchanged, sources familiar with the development told …
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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 …
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In a meeting of the Senate Standing Committee on Finance, held under the chairmanship of Senator Saleem Mandviwalla of the Pakistan Peoples Party, a significant development unfolded regarding the ongoing investigation into money laundering through the import of solar panels. The sub-committee, established to probe the matter, requested additional time …
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Finance Minister Muhammad Aurangzeb has emphasized that industrialists and traders play a vital role in the country’s development, asserting that the ultimate goal is to benefit the common man. He stated that once Pakistan achieves self-sustainability, the current loan program from the International Monetary Fund (IMF) will be the last. …
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The current government has assured the International Monetary Fund (IMF) that it will reduce the circular debt in the gas and electricity sectors to zero by the end of this year. As of January 2025, the circular debt in the power sector stood at Rs 2,444 billion, while in the …
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In a significant move to provide relief to the public, Prime Minister Shehbaz Sharif has announced a substantial reduction in electricity prices. The new rates will see a decrease of Rs 7.41 per unit for domestic and Rs 7.59 per unit for industrial consumers. A special ceremony was held in …
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