World Business NewsMusk proposes privatization of U.S. Postal Service and national rail service
Musk argues that any government service that can be privatized should be
Mar 6, 2025
Monitoring Report
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World Business News
World Business NewsChina submits revised request to WTO over U.S. tariffs
If no resolution is reached within 60 days, China may request adjudication by the WTO’s dispute settlement body
Mar 6, 2025
World Business NewsU.S. oil exports to India reach two-year high
The U.S. exports 357,000 bpd of crude to India in February, up from 221,000 bpd last year
Mar 6, 2025
HeadlinesDRAP orders urgent recall of substandard medicines, medical products
Contaminated injections, syrups, and IV cannulas flagged; crackdown launched nationwide
Mar 6, 2025
HeadlinesPAC directs FBR to investigate Rs312bn sales tax irregularity
Parliamentary watchdog questions FBR’s oversight; orders audit guidelines for Common Pool Fund
Mar 6, 2025
HeadlinesGovt revises pension rules, introduces new calculation method
Pensions to be based on a two-year salary average; multiple pensions discontinued
Mar 6, 2025
HeadlinesGovt officers directed to declare assets by September under IMF conditions: report
Pakistan to introduce digital portal for asset declarations as part of loan talks
Mar 6, 2025
HeadlinesPakistan industries pay almost twice the power costs of China, India, and US: report
High electricity costs are putting Pakistan’s export competitiveness at a disadvantage
Mar 6, 2025
HeadlinesIHC halts FBR’s selection board meeting for Grade 21-22 promotions
Court seeks affidavits from FBR chairman, PM office on alleged interference in promotions
Mar 6, 2025
HeadlinesGovt raises Rs1.2trn in T-bills, PIBs auction as investors shift to long-term securities
Banks focus on extended tenors amid uncertainty over further rate cuts
Mar 6, 2025
HeadlinesIMF raises alarm over 600,000 pending audit cases in state institutions
PAC reviews audit backlog, probes Rs807bn in FBR irregularities and Rs312bn tax fraud case
Mar 6, 2025
HeadlinesIMF considers lowering FBR’s tax collection target amid revenue shortfall: report
Any downward revision will depend on Finance Ministry’s ability to cut expenditures and ensure Rs1.2 trillion primary budget surplus; Fund also seeks projections for power sector’s circular debt in 2025-26
Mar 6, 2025