HeadlinesPakistan’s oil import bill jumps 23% in first two months of FY2024-25
Overall import bill reaches $8.75 billion, driven by surge in crude oil, machinery, and vehicle imports.
Sep 18, 2024
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Headlines
HeadlinesCAA takes Rs50 billion tax dispute with FBR to Supreme Court
Aviation regulator seeks legal resolution amid conflicting tax exemption claims and FBR revenue pressures
Sep 18, 2024
HeadlinesLegal proceedings initiated against three IPPs over power restoration delays
Show-cause notices issued to Sahiwal Coal Power, Rousch Power, and Saba Power Project for not supplying electricity to national grid since last year's blackout
Sep 18, 2024
HeadlinesADB pledges $2bn annual loan support to Pakistan
Pakistan seeks concessional terms as ADB offers $8 billion in loans over four years to support economic reforms and climate resilience.
Sep 18, 2024
HeadlinesCustoms seizes 15,465 smuggled phones worth Rs446mn at Khunjerab Pass
Attempt to smuggle phones from China foiled, goods seized at Sost Dry Port
Sep 18, 2024
HeadlinesGunvor Group eyes investment in Pakistan's petroleum sector, confirms government
Sep 16, 2024
HeadlinesGovt forms panel to accelerate relocation of Chinese industries to Pakistan
Minister Ahsan Iqbal leads initiative to boost Chinese industrial migration, addresses key CPEC challenges
Sep 16, 2024
HeadlinesPower Division halts net metering tariff reforms amid public pressure
Electricity tariff hikes and public backlash delay key energy reforms; deadlines for power sector restructuring extended
Sep 16, 2024
HeadlinesFBR to outsource audits of high-net-worth individuals and firms to detect tax evasion
Plan to hire 4,000 auditors; potential Rs7.1 trillion in untapped revenue identified
Sep 16, 2024
HeadlinesEssential Services Act enforced in power sector to avert protests ahead of privatisation
Act will remain in force for six months, starting from July 27, 2024
Sep 16, 2024
HeadlinesGovt secures $600mn loan at 11% interest rate from SCB London
Pakistan faces highest-ever commercial loan rate to qualify for $7 billion IMF program
Sep 14, 2024
HeadlinesSuki Kinari Hydropower Project completes reliability run test
$1.7 billion project under CPEC delivers clean energy; inauguration awaits Commercial Operation Date
Sep 14, 2024