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 […]
CDA Directed to Resolve PIDE Land Dispute After Rs. 4 Billion Payment
The Capital Development Authority (CDA) has been directed to resolve a long-standing land issue involving the Pakistan Institute of Development Economics (PIDE), after the institution reportedly waited six years for the allotment of land despite paying around Rs. 4 billion. Federal Minister for Planning Ahsan Iqbal called for an immediate resolution of the matter on […]
Punjab Plans Major Upgrade of Lahore’s Ferozepur Road
Lahore’s Ferozepur Road is set for a major transformation as the Lahore Development Authority (LDA) prepares a comprehensive plan to improve the road and its surrounding areas. The proposed project covers approximately 15 kilometres, stretching from Lahore Canal to Gajjumata. The LDA Engineering Wing has prepared the development plan with a focus on sustainable urban […]
Islamabad’s Park Road Underpass Nears Completion With New Traffic Direction Boards
The Capital Development Authority (CDA) has installed directional boards at the under-construction Park Road underpass in Islamabad, providing motorists with an early indication of how traffic will be managed once the facility becomes operational. The development is part of ongoing efforts to improve traffic flow and road connectivity in the federal capital. The Park Road […]
Estimated Cost of New M-10 Motorway Connecting Karachi and Hyderabad Revealed
The government has confirmed that work is underway on a proposed new M-10 motorway that will provide a direct road connection between Karachi and Hyderabad, potentially creating a major addition to Sindh’s transport infrastructure. The development was shared in the National Assembly during Question Hour, where the federal parliamentary secretary for communications provided an update […]