Monitoring Report

Tech

The company confirms that ad placements will initially launch in select markets, with a broader rollout planned in the coming months

Headlines

Over 80 companies found to be involved in fraudulent activities under the guise of solar panel imports; Standing Committee on Finance orders comprehensive plan to combat over-invoicing and under-invoicing in trade

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SOEs, led by PIA’s Rs700 billion losses, face mounting scrutiny as calls for privatisation grow

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Audit officials uncover discrepancies in pension payments, including pension distribution to underage recipients, prompting PAC investigation

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New rule applies to all forms of post-retirement employment, including regular, contract, or any other arrangement in the public sector

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Benami Law, targeting illicit wealth, saw significant activity from BAA until Dec 2020; since then, the authority has remained inactive

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Fund forecasts government expenditure will rise to 21.6% of GDP, with a primary balance of 2.1% of GDP

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Report suggests broadening the income tax base, cutting exemptions for high earners, and addressing tariff imbalances to strengthen fiscal policy

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Standing Committee on Privatisation sets deadline for Power Division to finalise terms for privatization of Hesco, Pesco, and Fesco by September or October 2025; privatisation process to begin by end of May

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Loan to be acquired at 7.6% interest, deal with Standard Chartered Bank and Dubai Islamic Bank, supported by ADB guarantee, aims to boost foreign exchange reserves, despite Pakistan’s low credit rating

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PM has already approved the removal of this duty, and a summary has been submitted to federal cabinet for approval, sources say 

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Pakistan convenes emergency security meeting as diplomatic ties plunge