Islamabad, May 1, 2025 – Pakistan’s tax collection performance continues to struggle as the Federal Board of Revenue (FBR) faces a widening shortfall that has now exceeded Rs800 billion during the first 10 months (July to April) of the current fiscal year (FY2024-25).
(more…)Author: Mrs. Anjum Shahnawaz
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FBR plans major tax relief for salaried class in budget 2025-26
Islamabad, May 1, 2025 – The Federal Board of Revenue (FBR) is working on a plan to provide significant tax relief to the salaried class in the upcoming federal budget for 2025-26.
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Govt slashes petrol, diesel prices by Rs2 per liter for May 2025
ISLAMABAD – April 30, 2025: The federal government has announced a reduction in petrol and diesel prices by Rs2 per liter, effective from May 1, 2025.
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Aurangzeb confident Pakistan can navigate US tariff challenges
Karachi, April 30, 2025 — Finance Minister Muhammad Aurangzeb has assured the business community that Pakistan is fully capable of handling the impact of new U.S. tariffs and evolving global economic conditions.
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PMD issues alert for severe thunderstorms across Pakistan
Islamabad, April 30, 2025 – The Pakistan Meteorological Department (PMD) has issued a serious weather warning regarding potentially devastating thunderstorms expected to impact several regions of the country from May 1st to May 4th, 2025.
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CCP slaps Rs155 million fine for poultry cartelization
Islamabad, April 30, 2025 — In a major crackdown on anti-competitive behavior, the Competition Commission of Pakistan (CCP) has imposed a hefty penalty of Rs155 million on eight leading poultry hatcheries for cartelization and price-fixing in the market of day-old broiler chicks (DOCs).
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Thunderstorm expected in Islamabad on May 1, 2025
Islamabad, April 30, 2025 – The Pakistan Meteorological Department (PMD) has forecast a thunderstorm in Islamabad on Thursday, May 1, 2025.
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Pakistan braces for potential hike in electricity tariff this summer
ISLAMABAD – April 30, 2025: Despite plans for temporary relief in electricity bills, Pakistani consumers may face a hike in electricity tariff during the upcoming summer months, government officials revealed during a public hearing convened by the National Electric Power Regulatory Authority (Nepra).
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Social investments in Pakistan reach new highs in 2023-24
Islamabad – April 29, 2025 — The Federal Government of Pakistan significantly ramped up its current expenditure on key social sectors during the fiscal year 2023-24, with major allocations and actual spending exceeding initial budgets in health, education, and social protection, according to a report released by finance ministry on Tuesday.
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Pakistan met office predicts widespread thunderstorms from May 1
Islamabad, April 29, 2025 – The Pakistan Meteorological Department has issued a detailed weather advisory forecasting widespread thunderstorms, strong winds, and rain across several regions of Pakistan from May 1 to May 4. The sudden shift in weather is attributed to a fresh westerly wave expected to enter the upper parts of the country on the evening of April 30.
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