8 h. ago Khawarij target pipeline supplying gas to Punjab in Lakki Marwat: police

LAKKI MARWAT: In a major act of sabotage, terrorists of Fitna al-Khawarij targeted a key pipeline supplying gas from Bettani Gas Field in Lakki Marwat to Punjab, using explosives to destroy a main section of the line, the police confirmed on Wednesday. “Khawarij terrorists blew up a gas pipeline in Khyber Pakhtunkhwa’s Lakki Marwat district […]

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9 h. ago iPhone 16, 16 Pro Max New Prices in Pakistan & Revised PTA Tax for June 2025

Apple’s latest iPhone 16 series continues to rake in sales in Pakistan, with price of base model of iPhone 16

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9 h. ago CM Maryam vows to transform major Punjab cities into global IT hubs

Punjab CM reviews progress on Nawaz Sharif IT City Project, stresses effective, swift steps for early completion of project LAHORE: Punjab Chief Minister Maryam Nawaz on Wednesday presided over a special meeting in which progress on the Nawaz Sharif IT City (NSIT) project was reviewed. On the occasion, Punjab CM Maryam Nawaz vowed to transform […]

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10 h. ago Pakistan signs $1 billion deal with ADB to boost financial reforms

Pakistan and the Asian Development Bank (ADB) have signed a $1 billion financing agreement. The deal includes both Islamic and traditional financing methods. It will support Pakistan’s economic reforms over the next five years. Officials say this agreement reflects growing international trust in Pakistan’s financial direction. The government hopes it will help strengthen its global […]

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12 h. ago CM calls for preservation of Indus delta to ensure environmental justice

KARACHI: Sindh Chief Minister Murad Ali Shah emphasized the importance of protecting water resources on Tuesday, marking “World Day to Combat Desertification and Drought.” He stressed that water is vital for life and preserving natural resources is a collective responsibility. In his message, CM Shah highlighted the significance of raising awareness about desertification, drought, and […]

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12 h. ago Federal cabinet approves Rs 1.275 trillion bank loan to tackle power sector debt

The federal cabinet has approved a major plan to control the growing circular debt in Pakistan’s power sector. According to official sources, the government will borrow Rs 1,275 billion from banks at low interest rates to settle outstanding payments. This large loan will help pay off the dues of Independent Power Producers (IPPs) and will […]

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12 h. ago Good News for Alto Buyers as Govt drops Sales Tax surge on Small Cars

ISLAMABAD – Some relief for small car owners as the government plans no tax hike on Alto and other 850cc

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13 h. ago IWMI launches digital tools to improve water and climate planning

ISLAMABAD – Three new digital platforms have been launched to help Pakistan better manage its water, food, and energy resources,

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13 h. ago Taxing the luxuries: Senate supports Levy on elite clubs, offers relief to salaried class

ISLAMABAD – In a strong move towards fairer taxation, the Senate Standing Committee on Finance has backed a proposal to tax the profits of Pakistan’s elite private clubs. These high-end recreational centers, such as the Islamabad Club, serve only a few thousand wealthy members while holding billions in assets and bank reserves, the Federal Board […]

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13 h. ago Govt reduces solar GST to 10%, keeps digital tax with provinces: Dar

In a major budget announcement, Deputy Prime Minister and Foreign Minister Ishaq Dar said the government has revised key tax decisions after consulting coalition partners. Speaking in the National Assembly, he confirmed that the digital sales tax on services will remain under provincial control, as per the Constitution. This decision follows broad consultations, including talks […]

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13 h. ago Cash in hand surges: Pakistan’s broad money supply hits Rs38.09 trillion

  KARACHI – Pakistan’s broad money supply, known as M2, rose to Rs38.09 trillion by June 6, 2025, showing a weekly increase of Rs4.32 billion, according to the State Bank of Pakistan. This marks a significant rise from Rs35.88 trillion recorded at the end of the last fiscal year, meaning the total increase since then […]

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13 h. ago Govt retains lower tax on hybrid cars, raises it for small vehicles

The federal government has withdrawn its plan to raise the sales tax on hybrid cars up to 1800cc. It will keep the current 12.5% rate instead of increasing it to 18%, as originally suggested in the finance bill. Officials say this change could cost the government about Rs7 billion in revenue. This is the second […]

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14 h. ago SBP’s new move to ease tax reporting for IT exporters and freelancers

The State Bank of Pakistan (SBP) has updated its foreign exchange income reporting format to better serve IT exporters, freelancers, and service providers. These changes apply to the electronic Proceed Realization Certificate (ePRC) and the Statement of PRCs (S-PRCs). The revised formats will become effective from October 1, 2025. The SBP said the new format […]

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14 h. ago Over 140,000 homes near completion under ‘apni chhat apna ghar’ scheme, say Punjab Ministers

LAHORE – Punjab’s flagship housing initiative, Apni Chhat Apna Ghar, is making swift progress as over 140,000 homes are nearing completion, according to provincial ministers. The announcement came during a joint press conference by Punjab Information Minister Azma Bokhari and Housing Minister Bilal Yasin. Azma Bokhari praised the program’s rapid advancement, noting that 40,000 houses […]

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14 h. ago “Clubs are for the elite’s luxury”: Govt approves tax on major clubs, says FBR chief

The Senate Standing Committee on Finance has approved a proposal to impose taxes on elite private clubs. The meeting took place under the chairmanship of Senator Saleem Mandviwalla. FBR Chairman Rashid Mahmood Langrial said that these clubs are built for the luxury of a few thousand people. He stressed that many of them own land […]

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14 h. ago Punjab earmarks Rs5 billion for upcoming local body elections

LAHORE – The Punjab government has officially allocated Rs5 billion in its 2025–26 budget to conduct long-awaited local body elections, aiming to restore grassroots democracy across the province. According to official sources, the allocated funds will cover all necessary arrangements for the electoral process, which is expected to take place during the upcoming fiscal year. […]

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16 h. ago PM Shehbaz forms committee to boost cashless economy and digitization

ISLAMABAD – Prime Minister Muhammad Shehbaz Sharif on Wednesday formed a high-level committee to promote a cashless economy and speed up digitization across Pakistan. The prime minister will personally chair the committee and oversee its progress weekly. During the meeting, the prime minister stressed that digitizing the economy is one of the government’s top reform […]

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17 h. ago Solar panels get cheaper in Pakistan after cut from 18pc sales tax to 10pc

ISLAMABAD – The solar panels have gotten cheaper in Pakistan after cut of 18 percent in sales tax to 10

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17 h. ago Careem exits Pakistan after nearly a decade of online taxi services — here’s why?

KARACHI – Online taxi giant Careem pulls out of Pakistan after 9 years of ride-hailing operations, with the service officially

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18 h. ago Senate panel approves tax on online educational platforms, academies in Pakistan

ISLAMABAD – The Senate Standing Committee on Finance on Wednesday approved a proposal to impose taxes on online educational institutions

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