Trending Topics
World Bank Approves Additional $70 Million Credit
The World Bank has approved an additional $70 million credit for the Pakistan Raises Revenue project, bringing the total funding to $470 million. This financing…
BISP Strategic Meeting With Partner Banks To Review Q4 Tranche Disbursement
The Benazir Income Support Programme (BISP) recently held a crucial high-level coordination meeting with its partner banks. The main concern was to strategize for the…
Petroleum Levy in Pakistan Set to Rise Under IMF Commitments
ISLAMABAD: The federal government has announced a substantial increase in the petroleum levy in Pakistan for the fiscal year 2025-26, in line with the conditions…
Special Relief Package Confirmed for Armed Forces in the Budget
ISLAMABAD: A special relief allowance for armed forces personnel was announced as part of the federal budget proposals for fiscal year 2025-26, Secretary of Finance…
IMF Raises Concerns Over Rs344Bn in Unapproved Govt Grants
ISLAMABAD: The International Monetary Fund has raised concerns over the federal government’s disbursement of Rs344 billion in grants to multiple sectors without obtaining approval from…
Oil Prices Skyrocket to 5-Month High After Israel’s latest Attack on Iran
Oil prices surgeed sharply on Friday, climbing over 9% to reach their highest levels in nearly five months after Israel launched strikes against Iran, dramatically…
Pakistan’s Foreign Exchange Reserves Hit 26-Month High
KARACHI: Pakistan’s foreign exchange reserves hit a 26-month high, rising by $167 million on a weekly basis, according to the latest data issued by the…
Govt Seeks $2B Loan to Boost Reserves to $14B
In a recent briefing to the National Assembly Standing Committee on Finance, Finance Minister Muhammad Aurangzeb revealed that the government is working to secure a…
Jazz Hit with Rs. 22 Billion Fine in Historic Court Ruling, IHC sides with FBR
A significant ruling by the Islamabad High Court, led by Justice Babar Sattar, has sided with the Federal Board of Revenue (FBR) in a tax…
FBR Enforces 15% Tax on Passive Saving Income
KARACHI: The Federal Board of Revenue (FBR) has introduced a 15% tax on passive saving income, aiming to reduce the disparity between active and passive…
Sindh PAC Flags Minimum Wage Violations in Industries
KARACHI: The Public Accounts Committee (PAC) of the Provincial Assembly raised serious concerns over the lack of minimum wage implementation in Sindh, revealing that over…
Pak Remittances in May 2025 Surge to $3.7 Billion
KARACHI: The State Bank of Pakistan (SBP) has reported a strong rise in Pak remittances in May 2025, offering critical support to the country’s external…
