Karachi, May 21, 2025 – The Pakistan Meteorological Department (PMD) in Karachi has announced that it is vigilantly observing a potential cyclone formation in the Arabian Sea.
(more…)Author: Mrs. Anjum Shahnawaz
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OGRA approves gas price hike for SNGPL consumers
Karachi, May 21, 2025 – The Oil and Gas Regulatory Authority (OGRA) has approved a 6.6% increase in gas prices for consumers of Sui Northern Gas Pipelines Limited (SNGPL), a significantly smaller hike than the 40–42% increase demanded by the utility.
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Tax credits likely to be restored in FY26 budget to boost investment
ISLAMABAD, May 21, 2025 – The federal government is working on several proposals to encourage investment and strengthen the corporate sector in the upcoming budget for fiscal year 2025-26. Among the key recommendations under serious consideration is the restoration of tax credits, which were previously available for investments in equity mutual funds and initial public offerings (IPOs).
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FY26 Budget: Govt plans to expand 25% sales tax on luxury items
ISLAMABAD, May 21, 2025 – In the upcoming federal budget for 2025-26, the government is preparing to expand the list of luxury items that will be subject to a higher sales tax rate of 25 percent. This move is aimed at generating more revenue and offsetting the expected losses from reduced customs and regulatory duties.
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Will the proposed tariff policy harm local manufacturers?
The government’s recently proposed tariff policy under the National Tariff Policy 2025–30 has sparked intense debate and concern across Pakistan’s industrial landscape.
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PM Shehbaz orders swift implementation of FBR reforms
Islamabad, May 20, 2025 – Prime Minister Muhammad Shehbaz Sharif on Tuesday directed the Federal Board of Revenue (FBR) to expedite and fully implement ongoing tax reforms with a particular emphasis on digitization, automation, and transparency in the national tax system.
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Very hot weather grips Punjab districts, heatwave likely to persist
Islamabad, May 20, 2025 – Most districts of Punjab remain under the firm grip of intense heat, with no immediate relief expected in the coming days, according to the updated weather advisory issued by the Pakistan Meteorological Department (PMD).
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Pakistan to raise petroleum levy to Rs100 per liter: report
Islamabad, May 20, 2025 — In a move set to impact fuel prices nationwide, Pakistan is preparing to hike the petroleum levy to Rs100 per liter starting July 2025, according to a report published by The News.
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Karachi rain unlikely but pleasant weather ahead
May 20, 2025 – Karachi: While many across the country await the arrival of pre-monsoon showers, Karachi is forecast to remain dry throughout the week.
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Scorching weather continues to grip Islamabad this week
May 20, 2025 – Islamabad: Residents of the capital should brace for a relentless stretch of intense heat as AccuWeather forecasts extremely high temperatures and hazardous outdoor conditions across Islamabad this week.
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