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.
(more…)Author: Mrs. Anjum Shahnawaz
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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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FBR to Collect Rs 70 Billion from Banks as Tax Laws Promulgated
Karachi, December 31, 2024 – The Federal Board of Revenue (FBR) is poised to collect an estimated Rs 70 billion from the banking sector after the promulgation of the Income Tax (Amendment) Ordinance, 2024, a significant development aimed at bolstering revenue collection.
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Karachi to Face More Cold as School Winter Vacations End
Islamabad, December 31, 2024 – Karachi, Pakistan’s largest metropolis and port city, is bracing for colder weather this week as the winter school vacations come to an end. Many schools across Karachi are set to reopen on January 1, 2025, coinciding with a dip in temperatures expected in the coming days.
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IHC Rules in Favor of PTA, Fines FBR Deputy Commissioner
Islamabad, December 30, 2024 – The Islamabad High Court (IHC) on Monday ruled in favor of the Pakistan Telecommunication Authority (PTA), granting its petition against the Federal Board of Revenue (FBR) for the improper deduction of an additional amount under the pretext of advance tax.
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Snowfall Expected in Balochistan and KPK on December 31, 2024
Islamabad, December 30, 2024 – The Pakistan Meteorological Department (PMD) has forecast snowfall in various parts of Balochistan and Khyber Pakhtunkhwa (KPK) for Tuesday, December 31, 2024. Light rain and snow are expected in northern Balochistan, upper KPK, and parts of Gilgit Baltistan, providing much-anticipated winter conditions for these regions.
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FBR Successfully Completes Phase-1 of FCAS Implementation
Karachi, December 30, 2024 – The Federal Board of Revenue (FBR) has achieved a significant milestone by successfully implementing the first phase of the Faceless Customs Assessment System (FCAS), a move that promises to revolutionize Pakistan’s customs clearance process.
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Karachi Sees Drop in Winter Temperatures in Coming Days
Islamabad, December 30, 2024 – The Pakistan Meteorological Department (PMD) has predicted a significant dip in winter temperatures for Karachi over the next three days.
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Expected Petroleum Prices in Pakistan from January 1, 2025
Islamabad, December 30, 2024 – Pakistan is expected to revise the prices of petroleum products for the upcoming fortnight starting from January 1, 2025. The government’s decision on fuel price adjustments is anticipated on December 31, 2024, with significant implications for consumers and industries alike.
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