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ECC Rejects Proposal for Gas Extension to Two Urea Plants, Allows Operation Only Till Dec 2025
In a key decision impacting Pakistan’s fertiliser sector, the Economic Coordination Committee (ECC) has declined a proposal to extend RLNG supply for Fatima Fertilizer and Agritech until March 2026. Instead, the committee approved operations only until December 31, 2025, directing…
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Amazon Now Delivers With Drones In These Areas
2 min read
Amazon users from Arizona or Texas can now get their products delivered within 60 minutes, with Amazon’s air drone delivery. Amazon’s Prime Air drone delivery…
Global Chocolate Crisis Looms, But Why Is No One Talking About It?
2 min read
Reports indicate that the European Union is facing a significant disruption in its food supply, particularly concerning cocoa imports, which has led to a ‘Chocolate…
SECP Halts United Insurance’s Guarantee Business over Unpaid Billions
2 min read
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has ceased the guarantee business of The United Insurance Company of Pakistan Limited, following a series…
FBR to Block SIMs of 450,000+ Non-Filers ( Shared data with Telecos)
2 min read
In a major push to expand the tax base, the Federal Board of Revenue (FBR) has initiated a campaign involving SIM blocking for non-filers, sharing…
Senate Told High Taxes Pushing Firms to Dubai
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ISLAMABAD: The Senate Standing Committee on Finance and Revenue has voiced alarm over rising Pakistani business migration to Dubai, with members citing high taxation and…
Senate Raises Concern Over Sales Tax Refund Delay for Key Export Sectors
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ISLAMABAD: The Senate Standing Committee on Finance and Revenue has raised serious concern over the persistent sales tax refund delay, particularly affecting the food export…
SBP Regulatory Sandbox Introduced to Boost Fintech Innovation
4 min read
KARACHI: The State Bank of Pakistan (SBP) has officially unveiled the SBP regulatory sandbox guidelines as part of its broader Vision 2028 strategy. This platform…
Tesla Revealed $10 million Payments to Powerwall Plants in 2024
2 min read
Tesla announced that it paid nearly $10 million to Powerwall owners in 2024 through its Virtual Power Plant (VPP) programs. A VPP works by…
P@SHA Seeks Clarity for IT Sector in Next Budget
3 min read
The Pakistan Software Houses Association (P@SHA) is seeking clear tax regulations for the IT and IT-enabled Services (ITeS) sector in the Federal Budget 2025-26. As…
Pakistan’s Economy Is Now Valued at $411 Billion
3 min read
ISLAMABAD: The National Accounts Committee (NAC) approved the GDP estimates for the third quarter and the full fiscal year 2024-25, revealing that the country’s economy…
Pakistan’s Textile Sector Faces Pressure from US Tariffs
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Pakistan’s textile sector maintained revenue stability in the third quarter of FY25 despite macroeconomic challenges and input cost pressures, but a looming threat from proposed US…
Junk Food Items to Get 5% FED in Upcoming Budget
2 min read
ISLAMABAD: The federal government is planning to introduce a five percent Federal Excise Duty on ultra-processed foods in the upcoming budget, aiming to collect Rs250…
Swedish Firm Vopy to Launch Services for Pakistani Freelancers
3 min read
Swedish firm Vopy has announced to launch its services for Pakistani freelancers after securing a verbal order from a major digital bank in the country.…
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