Category: National
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Sindh withdraws law allowing commercial use of residential plots
KARACHI: The Sindh Building Control Authority (SBCA) has officially withdrawn a contentious notification that had permitted commercial activities on residential plots.
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Government moves toward tax relief on infant milk powder: minister
ISLAMABAD, May 15, 2025 — Federal Minister for National Food Security and Research, Rana Tanveer Hussain, has assured Nestlé Pakistan of the government’s firm commitment to reducing or eliminating taxes on infant milk powder, recognizing its critical role in child nutrition and development.
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Electricity tariffs slashed by 57% for low-usage consumers: Leghari
Islamabad, May 15, 2025 – Federal Minister for Energy, Sardar Awais Ahmad Khan Leghari, announced substantial reductions in electricity tariffs across residential, industrial, and agricultural sectors during the National Assembly’s question hour on Thursday.
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Petrol and diesel prices expected to rise from May 16, 2025
ISLAMABAD, May 15, 2025 – Consumers across Pakistan should brace for a potential hike in fuel costs, as the federal government is likely to approve an increase of over Rs 4 per litre in the prices of both petrol and diesel, starting May 16.
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Pakistan eyes joint venture for Roosevelt Hotel in New York
Islamabad, May 13, 2025 — The Government of Pakistan is considering a joint venture model to operate the Roosevelt Hotel in New York, aiming to generate long-term economic returns while retaining full ownership of the property.
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FTO directs FBR to resolve long-standing electricity duty issue
Islamabad, May 12, 2025 – In a significant move aimed at safeguarding consumers from excessive taxation, the Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to constitute a joint committee to re-evaluate the entire regime of electricity duty and taxes calculated thereon.
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Smoking poses serious health risks: FBR mulls cigarette FED hike
Islamabad, May 11, 2025 – The Federal Board of Revenue (FBR) is actively considering a significant increase in the federal excise duty (FED) on cigarettes in the upcoming 2025–26 budget, citing the severe health risks posed by smoking.
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Petroleum levy yields Rs834 billion for government in 9MFY25
Islamabad, May 10, 2025 – The federal government has reported a substantial increase in revenue collected from the petroleum levy, reaching a total of Rs834 billion during the first nine months (July–March) of the current fiscal year, according to official data released by the Ministry of Finance.
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PM Shehbaz vows major relief for citizens in budget 2025-26
Islamabad, May 9, 2025 — Prime Minister Shehbaz Sharif reaffirmed the government’s commitment to providing meaningful relief to the masses in the upcoming budget for fiscal year 2025-26.
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