The Sindh government has approved the release of official wheat stocks in an effort to stabilize flour prices and maintain a steady supply of wheat across the province. Sindh Chief Minister Murad Ali Shah has approved the release of government-held wheat stocks from October 15. The move is aimed at increasing market supply and easing […]
FBR Introduces Faceless Tax System to Reduce Direct Contact With Taxpayers
The Federal Board of Revenue (FBR) has taken a major step toward digitizing Pakistan’s tax administration by establishing a National Faceless Centre (NFC) in Islamabad. The new centre is intended to move tax audits and assessments toward a centralized digital framework, reducing the need for taxpayers to interact directly with individual tax officials. The initiative […]
Government Launches Digital Complaint System for Petrol Relief Scheme
The Pakistan government has launched a new digital complaint system to help citizens report and track problems related to the petrol relief scheme. The initiative aims to make the complaint process more accessible by allowing people to submit their concerns through the PAK app instead of relying solely on traditional complaint channels. According to the […]
New Peoples Bus Service Route Launched for Larkana, Qambar and Shahdadkot
A new route of the Peoples Bus Service has been launched to improve public transport facilities for residents of Larkana, Qambar and Shahdadkot. The new route was introduced on the directives of Sindh Senior Minister for Information and Transport Sharjeel Inam Memon, according to a statement issued to the media on Friday. Memon said the […]
SECP Approves Shariah-Compliant Digital Financing of Up to Rs. 3 Million for Small Businesses
The Securities and Exchange Commission of Pakistan (SECP) has approved a new Shariah-compliant digital financing facility aimed at supporting small businesses across the country. Under the approved facility, eligible small business owners can access financing of up to Rs. 3 million through a digital application, providing an alternative way to obtain funds for business-related purchases. […]
Finance Minister Calls for More Taxpayers to Strengthen Pakistan’s Economy
Finance Minister Senator Muhammad Aurangzeb has stressed the need to expand Pakistan’s tax base, saying that bringing more citizens into the tax system is essential for sustainable economic growth and stronger public finances. The finance minister made the remarks on Thursday while speaking at a Pakistan Investment Roundtable organized by the Pakistan High Commission in […]
Government Considers Petroleum Levy Cut as Pakistan Seeks Rs. 1.5 Trillion in New Revenue
The government is considering a major change to Pakistan’s petroleum taxation policy by gradually reducing the Petroleum Levy to between Rs. 5 and Rs. 10 per liter while exploring alternative sources to replace the revenue generated through the levy. According to a report by Business Recorder, the proposal aims to compensate for an estimated Rs. […]
Pakistan Seeks Japanese Investment in Mining and Minerals Sector
Pakistan is looking to attract Japanese investment into its mining and minerals sector as the country seeks to unlock the economic potential of its natural resources. The Special Investment Facilitation Council (SIFC) has engaged Japan’s Sumitomo Corporation to explore investment opportunities in Pakistan’s mining and minerals industry, including emerging projects with significant investment potential. The […]
Electricity Bills Set to Rise by Up to Rs. 2.58 Per Unit in Pakistan
Electricity consumers across Pakistan are set to face higher bills after the National Electric Power Regulatory Authority (NEPRA) approved adjustments that could increase electricity costs by up to Rs. 2.58 per unit. The increase is expected to place an additional financial burden of around Rs. 46 billion on consumers. The higher charges will be reflected […]
CDA Orders Sealing of Federal Employees Housing Offices Over Rs. 57 Million Dues
The Capital Development Authority (CDA) has initiated action against the Federal Employees Cooperative Housing Society (FECHS) over alleged violations involving approved layout plans and outstanding payments exceeding Rs. 57 million. According to the authority, total fees, penalties and other outstanding dues linked to the Jinnah Garden housing schemes have reached approximately Rs. 57.482 million. CDA’s […]