ISLAMABAD, April 15, 2026 – Prime Minister Muhammad Shehbaz Sharif on Wednesday ordered immediate legal action against individuals involved in illegal over-invoicing practices, directing authorities to strengthen enforcement and accountability within Pakistan’s tax and financial monitoring system.
(more…)Author: Mrs. Anjum Shahnawaz
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SHC stays default surcharge recovery on super tax liability
KARACHI — The Sindh High Court (SHC) has granted interim relief to multiple taxpayers by staying the recovery of alleged default surcharge linked to super tax liabilities, in a development that could have significant implications for tax enforcement and litigation in Pakistan.
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Pakistan urges businessmen to bring back $10 billion ahead of budget 2026-27
KARACHI, April 14, 2026 — Pakistan’s Interior Minister Mohsin Naqvi on Tuesday urged the business community to repatriate at least 30% of their overseas assets, equivalent to about $10 billion, ahead of the federal budget 2026–27, as the country grapples with external financing pressures and falling foreign exchange buffers.
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Pakistan seeks new financing options as UAE declines debt rollover
WASHINGTON/ISLAMABAD, April 14, 2026 — Pakistan is exploring alternative financing avenues after the United Arab Emirates declined to roll over a $3 billion loan for the first time in seven years, increasing pressure on the country’s external accounts amid rising global oil prices.
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Hot, dry weather to persist across Pakistan on April 15: PMD
ISLAMABAD, April 14, 2026 — The Pakistan Meteorological Department on Tuesday forecast hot and dry weather conditions across most parts of the country for Wednesday, with temperatures expected to remain elevated in plain areas.
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No load-shedding for K-Electric, HESCO in peak plan
ISLAMABAD, April 14, 2026 — Pakistan’s Power Division said on Tuesday that consumers served by Hyderabad Electric Supply Company and K-Electric will not face load management under the government’s recently announced 2.25-hour peak hours relief plan.
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Government decides daily electricity load-shedding for 2.25 hours
ISLAMABAD, April 14, 2026 — Pakistan’s government has decided to suspend electricity supply for around 2.25 hours daily during peak demand hours from 5:00 pm to 1:00 am, in a move aimed at reducing reliance on expensive fuels and preventing a sharp rise in power tariffs, officials said on Tuesday.
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Pakistan wheat output seen at 29.3 million tons as FCA sets Kharif targets
ISLAMABAD, April 14, 2026 — Pakistan’s wheat production for the Rabi 2025–26 season is estimated at 29.31 million metric tons, cultivated over 9.385 million hectares, officials said on Tuesday, as the government reviewed crop performance and set targets for the upcoming Kharif season.
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PMD issues severe weather alert for heavy rain, windstorms through April 19
ISLAMABAD – Pakistan’s weather office issued a nationwide advisory on Monday, warning of a significant spell of rain, windstorms, and thunderstorms set to lash the upper and northwestern regions of the country starting Tuesday evening.
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Aurangzeb discusses debt management, capital market development with World Bank VP
ISLAMABAD, April 13, 2026 — Pakistan Finance Minister Senator Muhammad Aurangzeb met Muhammad Aurangzeb with Jorge Familiar Calderón, Vice President of the World Bank Group, on the sidelines of the World Bank–IMF Spring Meetings 2026, the Finance Ministry said on Monday.
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