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 […]
Islamic Banking Emerges as Big Winner in Pakistan’s Banking Sector During First Half of 2026
Islamic banking strengthened its position in Pakistan’s financial sector during the first half of calendar year 2026, gaining a larger share of both banking assets and deposits, according to the State Bank of Pakistan (SBP). The latest figures were reported in the SBP’s Mid-Year Performance Review of the Banking Sector for H1 2026, which highlights […]
Pakistan’s Internet Quality Expected to Improve by October, PTA Chairman Says
Internet services across Pakistan are expected to see noticeable improvement by October, Pakistan Telecommunication Authority (PTA) Chairman Hafizur Rehman told a Senate committee amid growing concerns over slow speeds and repeated disruptions. The assurance came during a meeting of the Senate Standing Committee on Information Technology and Telecommunications, where lawmakers raised concerns about poor internet […]
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 […]
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 […]
LESCO Replaces Damaged and Burnt Electricity Meters With Old Meters
Lahore Electric Supply Company (LESCO) has started reinstalling old electricity meters at locations where meters were previously burnt, damaged or removed for different reasons, according to sources. The development involves meters that had been taken out of service and subsequently examined through laboratory testing. The process is particularly linked to single-phase and three-phase meters removed […]
SECP Simplifies Sukuk Issuance for Companies in Pakistan
Pakistan’s corporate debt market is set for a potential boost as the Securities and Exchange Commission of Pakistan (SECP) introduces a new practical guide aimed at simplifying Sukuk issuance for companies. The regulator has issued the “A Practical Guide for Corporate Issuers” to help businesses understand and navigate the process of issuing corporate Sukuk through […]
Petrol Pump Owners Urge Government to Review Daily Fuel Pricing Policy
The All Pakistan Petrol Pump Owners Association has called on the government to reconsider the country’s daily petroleum pricing mechanism, saying the promised review has not taken place despite the agreed timeline having already passed. The association has formally written to the Federal Minister for Petroleum, urging authorities to revisit the policy and address concerns […]