Islamabad, January 1, 2025 – The Pakistan Meteorological Department (PMD) has predicted light rain in Islamabad on Thursday, January 2, 2025.
(more…)Author: Mrs. Anjum Shahnawaz
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Pakistan Weather: Heavy Snowfall, Thunderstorms Welcome 2025
Islamabad, January 1, 2025 – The Pakistan Meteorological Department (PMD) has forecast a series of rain-wind and thunderstorms accompanied by heavy snowfall over the hills in western and upper parts of the country during the first week of January. This weather system, arriving after a prolonged dry spell, is expected to impact various regions between January 1 (evening/night) and January 6, 2025.
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FBR Faces Rs 380 Billion Tax Shortfall in 1HFY25
The Federal Board of Revenue (FBR) faced a substantial revenue shortfall of Rs 380 billion during the first half of the current fiscal year (July-December 2024). The total tax collection amounted to Rs 5,629 billion, falling short of the projected target of Rs 6,009 billion, raising concerns over Pakistan’s fiscal performance.
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Steel Industry Urges End to Unfair Tax Exemptions for NMDs
The Pakistan Association of Large Steel Producers (PALSP) has called upon the government to immediately withdraw the tax exemptions granted to industrial units in the former tribal areas (now merged districts or NMDs). According to PALSP, these exemptions are being widely misused, causing severe harm to the local tax-paying industries in Pakistan.
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Pakistan Increases Petroleum Prices on New Year 2025
ISLAMABAD: The federal government of Pakistan has increased the price of petrol by Re0.56 per litre, effective from the first fortnight of 2025. The announcement, made on New Year’s Eve, reflects adjustments based on fluctuations in the international oil market, as stated in a notification issued by the Finance Division.
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PM Shehbaz Launches ‘Uraan Pakistan’ Five-Year Economic Plan
Islamabad, December 31, 2024 – Prime Minister Shehbaz Sharif officially launched Uraan Pakistan, a homegrown five-year National Economic Transformation plan, on Tuesday in Islamabad.
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Karachi Sit-ins Turn Violent, Several Vehicles Set on Fire
Karachi, December 31, 2024 – Sit-ins organized by the Majlis Wahdat-e-Muslimeen (MWM) across various locations in Karachi took a violent turn on Tuesday, with multiple vehicles set ablaze and clashes reported between protesters and law enforcement.
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ADB, Pakistan Ink $200M Loan Deal to Boost Electricity Distribution
Islamabad, December 31, 2024 – The Asian Development Bank (ADB) and the Government of Pakistan signed a $200 million loan agreement on Tuesday aimed at enhancing the country’s electricity distribution system.
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SBP Governor Presents Year-End Review to Aurangzeb
Islamabad, December 31, 2024 – Jameel Ahmad, the Governor of the State Bank of Pakistan (SBP), presented a detailed year-end performance review of the central bank to Finance Minister Senator Muhammad Aurangzeb during a meeting at the Finance Division on Tuesday.
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Predictions for Petroleum Prices in Pakistan from January 1, 2025
Islamabad, December 31, 2024 – Market forecasts suggest that Pakistan is set to adjust petroleum prices upward, with the new rates taking effect from January 1, 2025. This revision scheduled for December 31, 2024, will impact multiple petroleum products, reflecting global trends and domestic cost adjustments.
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