Islamabad, February 29, 2024 – The Federal Board of Revenue (FBR) has outperformed its revenue collection target for the first eight months (July – February) of the fiscal year 2023-24, demonstrating robust economic recovery and fiscal management.
(more…)Author: Mrs. Anjum Shahnawaz
-
Pakistan Raises Petrol Prices by Rs 4.13 per Liter
Islamabad, February 29, 2024 – In a move that is likely to exacerbate the financial strain on the already inflation-burdened populace, the outgoing caretaker government of Pakistan announced on Thursday a significant hike in the price of petrol by Rs 4.13 per liter, effective from March 1.
(more…) -
Pakistan Braces for Nationwide Thunderstorms on March 1, 2024
Islamabad, February 29, 2024 – The Pakistan Meteorological Department (PMD) has issued a forecast predicting widespread thunderstorms across all provinces in Pakistan on Friday, March 1, 2024.
(more…) -
Pakistan’s GDP Growth Turns Positive after Two Straight Negatives
Islamabad, February 29, 2024 – Pakistan’s Gross Domestic Product (GDP) has bounced back into positive territory, registering a growth of 2.1% in the first quarter of the fiscal year 2023-24, according to a report released by the Ministry of Finance on Thursday.
(more…) -
Caretaker PM Kakar Disapproves of PTI’s IMF Letter
Islamabad, February 28, 2024 – In a televised appearance on Wednesday, Caretaker Prime Minister Anwaar-ul-Haq Kakar expressed strong disapproval of the Pakistan Tehreek-e-Insaf (PTI) leadership’s recent political move – writing a letter to the International Monetary Fund (IMF).
(more…) -
FBR Invokes Section 7E Following Lahore High Court’s Ruling
Islamabad, February 29, 2024 – The Federal Board of Revenue (FBR) has taken a significant stride by invoking Section 7E of the Income Tax Ordinance, 2001, in response to a division bench overturning the earlier decision of a single bench.
(more…) -
Widespread Rains May Grip Pakistan Next Three Days
Islamabad, February 28, 2024 – Pakistan is bracing itself for widespread rains over the next three days, starting February 29, 2024, according to the Pakistan Meteorological Department (PMD).
(more…) -
Pakistan Bans Vehicle Purchases Under Austerity Measures
Islamabad, February 28, 2024 – In a bid to ensure prudent utilization of public funds, Pakistan has announced a series of austerity measures for the fiscal year 2023-24.
(more…) -
Khyber Pakhtunkhwa Braces for Heavy Rains from Feb 29
Islamabad, February 27, 2024 – The Provincial Disaster Management Authority (PDMA) of Khyber Pakhtunkhwa issued a comprehensive alert on Tuesday, warning residents and officials of the province to prepare for widespread heavy torrential rains, snowfall, windstorms, thunderstorms, and isolated hailstorms expected to hit the region from February 29 to March 2.
(more…) -
NEPRA Approves Significant Increase in Electricity Tariff
Islamabad, February 26, 2024 – In a recent development, the National Electric Power Regulatory Authority (NEPRA) has officially announced a National Average Uniform increase of Rs 7.0562 per unit in Fuel Charges Adjustment (FCA) for Distribution Companies (DISCOs) for the month of January 2024.
(more…)