HeadlinesElectricity tops sales tax collection, contributing Rs 283.177 billion in 1HFY25
Sales tax collection from petroleum products is Rs 82.521 billion, sugar is Rs 58.957 billion, cement is Rs 48.275 billion, and cotton yarn is Rs 43.389 billion
Mar 9, 2025
HeadlinesChina defers $2 billion loan repayment to Pakistan for one year
The extension will support Pakistan in maintaining its foreign exchange reserves and reinforcing financial stability, ministry states
Mar 9, 2025
TechApple delays AI upgrades to Siri, new features now expected by 2026
These improvements focus on enhancing Siri's ability to interact with apps and complete tasks using data stored on Apple devices
Mar 8, 2025
TechxAI buys 1-million-square-foot Memphis property for supercomputer expansion
xAI’s new facility includes an $80 million water recycling plant and the largest deployment of Tesla Megapacks for data centers
Mar 8, 2025
TechEU defends Digital Markets Act as non-targeted at U.S. tech firms
DMA applies to any company meeting the criteria of a "gatekeeper" in the European Union, regardless of its country of origin, says EU officials
Mar 8, 2025
World Business NewsPhilip Morris, BAT agree to $22.67 billion tobacco settlement in Canada
The lawsuits claim that the Canadian units knew since the 1950s that their products caused cancer and health risks but failed to warn consumers
Mar 8, 2025
HeadlinesPakistan rules out new taxes, seeks IMF nod for power surcharge
Govt plans to recover revenue through enforcement; IMF pushes for stricter compliance measures
Mar 8, 2025
EconomyEconomy expected to grow by 3.1% in FY25, govt tells IMF
Government sets sights on 4.5% growth next year; inflation expected to remain stable
Mar 8, 2025
HeadlinesWheat production at stake as Punjab, Sindh face 35% water shortage
Indus River System Authority warns Tarbela and Mangla reservoirs approach their dead levels
Mar 8, 2025
HeadlinesPunjab delays six major development projects in Rawalpindi amid financial crunch
Shortfall in tax revenues forces postponement; construction costs escalate due to inflation
Mar 8, 2025
HeadlinesGovt considers new pay scales for top bureaucrats, restructuring of ministries to improve efficiency
Proposal includes creation of additional pay scales—BPS-23 and BPS-24—as well as categorising ministries based on workload, merging allowances, and exempting them from taxes
Mar 8, 2025
HeadlinesTCP proposes bond issuance to clear Rs222bn markup as debt mounts
NA panel reviews payment plan; federal, provincial entities urged to reconcile liabilities
Mar 8, 2025