Islamabad: Finance Minister Muhammad Aurangzeb on Wednesday announced that the government plans to amend the Federal Board of Revenue Act 2007 through the upcoming Finance Act 2026 to shift tax policy responsibilities from the Federal Board of Revenue (FBR) to a newly established Tax Policy Office under the Ministry of Finance.
(more…)Author: Mrs. Anjum Shahnawaz
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Nepra approves electricity tariff hike; consumers to see March bill shock
Islamabad, March 5, 2026 – The National Electric Power Regulatory Authority (Nepra) on Wednesday approved a uniform increase of Rs1.6274 per unit in electricity tariffs under the monthly fuel cost adjustment (FCA), citing higher fuel costs for January 2026. The increase will impact most consumers, except lifeline users, pre-paid customers, and electric vehicle charging stations.
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OGRA dismisses fuel shortage rumors, assures adequate petrol and diesel stocks
Islamabad, March 4, 2026 – The Oil and Gas Regulatory Authority (OGRA) on Wednesday dismissed concerns about a fuel crisis, assuring citizens that Pakistan has sufficient stocks of petrol and diesel and that there is no shortage of petroleum products in the country.
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PM committee moves to curb petroleum hoarding amid global energy turmoil
Islamabad, March 4, 2026 – A high-level committee formed by Prime Minister Shehbaz Sharif on Wednesday underscored the urgent need to prevent hoarding of petroleum products amid ongoing regional tensions and global energy market volatility.
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Aurangzeb pledges tight grip on petroleum supply amid rising global energy tensions
Islamabad, March 4, 2026 – As rising tensions in the Gulf region impact global energy markets, Finance Minister Senator Muhammad Aurangzeb on Tuesday assured that Pakistan is actively monitoring petroleum availability to prevent potential supply disruptions.
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Days Turn Hotter in Karachi: Heat Precautions During Ramazan
Karachi, March 4, 2026 – Karachi is witnessing rising daytime temperatures amid the holy month of Ramazan, as millions observe fasting. Meteorologists warn of warm and sunny conditions throughout the week, making precautions essential during fasting hours.
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Pakistan turns to Saudi Yanbu Port for oil amid Strait of Hormuz Tensions
Islamabad, March 4, 2026 – Pakistan is exploring alternative oil supply routes via Saudi Arabia’s Yanbu Port on the Red Sea, bypassing the Strait of Hormuz, amid escalating tensions in the Middle East affecting global energy flows.
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OGDCL uncovers major oil and gas find in Khyber Pakhtunkhwa, Pakistan
Karachi, March 4, 2026 – The Oil and Gas Development Company Limited (OGDCL) has announced a significant oil and gas discovery in Pakistan’s Khyber Pakhtunkhwa (KP) province, marking a major boost for the country’s indigenous energy resources.
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FIA launches pre-departure desk and risk unit to curb human smuggling
Faisalabad, March 4, 2026 – The Federal Investigation Agency (FIA) has set up a Pre-Departure Immigration Facilitation and Guidance Desk along with a Risk Analysis Unit in its Faisalabad Zone to prevent human smuggling and provide full support to outbound travelers.
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Pakistan passes Virtual Assets Bill 2026, legalizes cryptocurrency nationwide
Islamabad, March 3, 2026 – In a landmark move for the country’s financial sector, Pakistan’s National Assembly on Tuesday passed the Virtual Assets Bill, 2026, officially legalizing cryptocurrencies and establishing a regulatory framework for digital assets. The legislation, introduced by Minister for Parliamentary Affairs Dr Tariq Fazal Chaudhry, had already been approved by the Senate earlier this year.
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