Jan 8

PM Shehbaz Launches Faceless Customs Assessment System

Karachi, January 8, 2025 – Prime Minister Muhammad Shehbaz Sharif launched the Faceless Customs Assessment System at the Karachi Port on Wednesday, marking a significant milestone in Pakistan’s customs operations. This innovative system, part of the Federal Board of Revenue’s (FBR) modernization efforts, was introduced under Shehbaz’s leadership and aims to streamline customs clearance procedures.

by Shahnawaz Akhter

UAE Extends $2 Billion Debt Roll-Over for Pakistan: PM Shehbaz

Jan 7

Finance, National, Pakistan, Top stories

UAE Extends $2 Billion Debt Roll-Over for Pakistan: PM Shehbaz

Prime Minister Shehbaz Sharif informed the federal cabinet on Tuesday that the United Arab Emirates (UAE) has agreed to roll over a $2 billion debt that was due for repayment by Pakistan this month. In his televised remarks at the start of the cabinet meeting, the prime minister highlighted the outcomes of his recent meeting […]

by Mrs. Anjum Shahnawaz

PTCL Alerts Slow Browsing After Internet Disruption

Jan 3

IT & Telecom, Pakistan, Top stories

PTCL Alerts Slow Browsing After Internet Disruption

Karachi, January 3, 2025 – Pakistan Telecommunication Company Limited (PTCL) has issued an alert notifying users of potential slow internet browsing due to a disruption in an international submarine cable.

by Hamza Shahnawaz

Pakistan Tightens Pension Rules, Limits Multiple Benefits Draw

Jan 2

National, Pakistan, Top stories

Pakistan Tightens Pension Rules, Limits Multiple Benefits Draw

Islamabad, January 2, 2025 – Pakistan has introduced sweeping reforms to pension rules, effectively restricting individuals from drawing multiple pensions simultaneously. This move, outlined in a notification issued by the Pakistan Finance Division, is based on the recommendations of the Pay and Pension Commission 2020 and aims to streamline pension disbursements and curb inefficiencies in […]

by Mrs. Anjum Shahnawaz

Petroleum Sales Surge in December Amid Anti-Smuggling Drive

Jan 2

Energy, Pakistan

Petroleum Sales Surge in December Amid Anti-Smuggling Drive

Karachi, January 2, 2025 – Pakistan’s petroleum sales recorded a notable 3% year-on-year (YoY) increase in December 2024, bolstered by strict measures to curb smuggling from Iran.

by Shahnawaz Akhter

Pakistan Burns Rs 276 Billion on Cigarettes in Nine Months

Jan 2

National, OPINIONS, Pakistan

Pakistan Burns Rs 276 Billion on Cigarettes in Nine Months

Karachi, January 2, 2025 – In the midst of unprecedented economic challenges, Pakistanis spent a staggering Rs 276 billion on cigarettes during the first nine months of 2024. This shocking revelation emerges as the nation grapples with soaring inflation and dwindling resources for essential commodities.

by Shahnawaz Akhter

Pakistan’s Exports Surge by 10.52% in 1HFY25

Jan 1

Pakistan, Trade & Industry

Pakistan’s Exports Surge by 10.52% in 1HFY25

Islamabad, January 1, 2025 – Pakistan’s exports witnessed a remarkable growth of 10.52% during the first half (July–December) of the current fiscal year 2024-25, according to trade data released by the Pakistan Bureau of Statistics (PBS) on Wednesday.

by Shahnawaz Akhter

Pakistan Waives Customs Duty on 261 Items for D-8 Countries

Dec 31

Pakistan, Taxation, Top stories

Pakistan Waives Customs Duty on 261 Items for D-8 Countries

Karachi, December 31, 2024 – Pakistan has announced the exemption of customs duties on 261 tariff lines for imports from D-8 countries, a move effective from January 1, 2025. This initiative is part of Pakistan’s commitment to fostering regional trade under the D-8 Preferential Trade Agreement (PTA).

by Shahnawaz Akhter

PM Shehbaz Launches ‘Uraan Pakistan’ Five-Year Economic Plan

Dec 31

Finance, Pakistan, Top stories

PM Shehbaz Launches ‘Uraan Pakistan’ Five-Year Economic Plan

Islamabad, December 31, 2024 – Prime Minister Shehbaz Sharif officially launched Uraan Pakistan, a homegrown five-year National Economic Transformation plan, on Tuesday in Islamabad.

by Mrs. Anjum Shahnawaz

ADB, Pakistan Ink $200M Loan Deal to Boost Electricity Distribution

Dec 31

Energy, Pakistan

ADB, Pakistan Ink $200M Loan Deal to Boost Electricity Distribution

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.

by Mrs. Anjum Shahnawaz