ISLAMABAD: In a landmark ruling, the Supreme Court of Pakistan held that a bank statement alone is insufficient to verify someone’s income. The ruling occurred during a case heard by a two-member court led by Chief Justice Yahya Afridi, with Justice Shafi Siddiqui writing the judgment. The Supreme Court madeContinue Reading
ISLAMABAD ( A News): A group from the International Monetary Fund (IMF) has arrived in Pakistan to examine the proposed budget for the upcoming fiscal year. Insiders from the Ministry of Finance claim that the team will draft budget suggestions by meeting with officials from the finance ministry. According toContinue Reading
SLAMABAD (A News)- On Thursday, Prime Minister Shehbaz Sharif announced a Rs7.41 per unit drop in energy tariffs for home users and Rs7.59 for industrial consumers. Addressing a “special” assembly of MPs, cabinet ministers, and high-ranking officials here, the prime minister noted that the price of power for domestic customersContinue Reading
The World Bank Group’s Board of Directors approved a $300 million International Development Association (IDA) loan for the Punjab Clean Air Programme (PCAP), which aims to improve air quality management and combat pollution.PCAP will support the Punjab government’s Smog Mitigation Action Plan (SMAP) in addressing the pressing issue of smogContinue Reading
ISLAMABAD (Web Desk) – The Federal Board of Revenue (FBR) has continued the borderline for filing Sales Tax and Federal Excise allotment to March 27, 2025, to facilitate taxpayers. According to reports, the FBR has additionally issued an official notification apropos the extension. As per the notification, the antecedent borderlineContinue Reading
Plans include a golden handshake for excess staff, the merger of ministries, and the elimination of empty positions; the IMF challenges the justification for keeping federal ministries in sectors that are legally under provincial competence.The government has informed the International Monetary Fund (IMF) of its intention to fire off excessContinue Reading
According to The News, Pakistan’s electricity industry continues to confront considerable issues, with underutilization of production capacity continuing a major concern despite recent renegotiations of independent power producers’ (IPPs) power purchase agreements and the transition to a hybrid take-and-pay model. According to a study published by the Pakistan Credit RatingContinue Reading
ISLAMABAD : An important development is that China has once again given Pakistan another year to repay the $2 billion debt. The initial date of the debt’s maturity was March 24. The extension will assist Pakistan bolster its foreign exchange reserves, Ministry of Finance sources told The Express Tribune, confirmingContinue Reading
Karachi (A News) – K-Electric has filed an application with the National Electric electricity Regulatory Authority (NEPRA) to reduce electricity tariffs. The firm has requested a decrease of Rs4.95 per unit due to fuel cost adjustments. If the plea is allowed, Karachi’s energy users would receive Rs4.94 billion in relief.Continue Reading
ISLAMABAD (APP) Senator Muhammad Aurangzeb, the federal minister of finance and revenue, said on Tuesday that growing the country’s exports from $30 billion to $60 billion over the next five years is critical for the country’s long-term economic viability. The finance minister stated that great progress has been accomplished inContinue Reading