Islamabad, January 27, 2025 – A high-level task force, established by Prime Minister Shehbaz Sharif, convened on Monday to deliberate on the pressing issue of high taxes on property transactions and its impact on the real estate sector.
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Karachi Red Bus Fare Hike: Prices to Surge 140%
Karachi Red Bus Service fares are set to increase significantly, with a 140% hike raising ticket prices from Rs50 to Rs120, sources told to PkRevenue.
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Banks Witness Rs862Bn Withdrawals Amid Non-Filer Restrictions
Karachi, January 23, 2025 – Banks in Pakistan experienced a massive withdrawal of Rs 862 billion during December 2024 as the government prepared to impose stringent restrictions on non-filers of income tax returns. This significant outflow highlights the uncertainty and apprehension among account holders in response to impending policy changes.
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SBP Alerts Public on Illegal Foreign Currency Transactions
Karachi, January 22, 2025 – The State Bank of Pakistan (SBP) has issued a stern warning to the general public against engaging in illegal transactions of foreign currency. Highlighting the risks and legal consequences, the SBP emphasized the importance of conducting all foreign exchange activities through authorized channels.
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Sindh Enhances Age Limit for Government Job Seekers
KARACHI – In a notable development, the Sindh government has raised the age limit for candidates applying for government jobs by two years, increasing it from 28 to 30 years. This decision aims to provide greater opportunities for individuals seeking employment in the public sector.
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Pakistan Urgently Needs Ban Cigarettes Amid Health Crisis
Islamabad – Pakistan is grappling with a severe public health emergency, with increasing calls to impose a comprehensive ban on smoking cigarettes. The health toll from tobacco use is catastrophic, with the country recording the highest rate of smoking-related deaths in South Asia, surpassing even the global average.
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SPI Inflation Declines by 0.39% on Weekly Basis
Karachi, January 17, 2025 – The Sensitive Price Indicator (SPI) for the week ending January 16, 2025, recorded a decline of 0.39% compared to the previous week, according to data released by the Pakistan Bureau of Statistics (PBS).
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Pakistan Raises Petroleum Prices for Second Half of January 2025
Islamabad, January 15, 2025 – In a move that will impact consumers nationwide, Pakistan has raised the prices of key petroleum products for the second half of January 2025. The revised rates will come into effect starting January 16, 2025.
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New Petroleum Prices for January Announced Today
Karachi, January 15, 2025 – The government is set to announce the updated petroleum prices for the second half of January 2025, which will take effect from January 16, 2025.
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Expected Petroleum Prices in Pakistan from January 16, 2025
Islamabad, January 14, 2025 – The Government of Pakistan is poised to revise petroleum prices for the upcoming fortnight, with new rates set to take effect from January 16, 2025.
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