Pakistan, Saudi Arabia explore oil refinery upgrades, energy cooperation

KARACHI: The government has planned a 500-megawatt floating solar power project at Keenjhar Lake in Sindh with an estimated cost...

Gwadar Port chief vows 30-day free storage for goods import and export

GWADAR: Gwadar Port Authority (GPA) Chairman Noorul Haq Baloch announced a 30-day free storage period for import and export of...

Pakistan to build Energy City, multipurpose terminal at Port Qasim

KARACHI: Federal Minister for Maritime Affairs Junaid Anwar Chaudhary has said that Pakistan is considering establishing a new ‘Energy City’...

Ahad Cheema stresses transparency, efficient monitoring of PPP projects

ISLAMABAD: Federal Minister for Economic Affairs Ahad Cheema on Friday chaired a meeting to review and deliberate on key reforms...

Pakistan Single Window, TDAP sign MoU to boost Pakistan’s digital trade ecosystem

KARACHI: Pakistan Single Window (PSW) and the Trade Development Authority of Pakistan (TDAP) have signed a Memorandum of Understanding (MoU)...

FBR issues draft income tax return forms for Tax Year 2026

ISLAMABAD: Federal Board of Revenue (FBR) has issued draft income tax return forms for Tax Year 2026 and invited taxpayers,...

Foreign exchange reserves rising weekly, external debt steady at $100bn: SBP governor

ISLAMABAD: State Bank of Pakistan Governor Jameel Ahmad has said the country’s foreign exchange reserves are increasing on a weekly...

RCCI engages tax policy office on budget proposals & business reforms

RAWALPINDI: President Rawalpindi Chamber of Commerce and Industry (RCCI), Usman Shaukat, who also serves as Chairman PPMA North, held a...

Govt restricts private OMCs from importing high-speed diesel

KARACHI: The federal government has restricted private oil marketing companies (OMCs) from importing high-speed diesel (HSD), permitting only Pakistan State...

Punjab becomes first province to introduce general insurance company: Maryam Nawaz

LAHORE: Punjab has become the first province in Pakistan to introduce a general insurance company, marking a significant step towards...

Pakistans Raast hits Rs50 trillion in 2025 as digital payments surge

KARACHI: Pakistan’s digital payments landscape is expanding rapidly. The State Bank of Pakistan (SBP) released its Financial Stability Review for...

FIA seizes Rs250m in major hawala raid in Peshawar

PESHAWAR: The Federal Investigation Agency (FIA) has seized over Rs. 250 million and arrested two suspects during a major operation...

Electricity consumers likely to receive Rs63.94bn relief

ISLAMABAD: Electricity consumers across the country, including those served by K-Electric, may receive relief of up to Rs63.94 billion under...

PM Shehbaz Sharif approves 6-point plan to clear backlog of tax cases

ISLAMABAD: Prime Minister Shehbaz Sharif has approved a comprehensive six-point action plan aimed at resolving thousands of long-pending tax cases...

Pakistan set to get fourth IMF tranche under EFF programme: sources

ISLAMABAD: Pakistan is likely to receive more than $1.2 billion under its ongoing loan programme with the International Monetary Fund...

Govt considers cutting taxes on raw materials for locally made vehicles

ISLAMABAD: The government has started considering reducing taxes on raw materials for locally manufactured vehicles in the upcoming budget. It...

Pakistan assures IMF to replace 200-unit power subsidy with targeted system

ISLAMABAD (Dunya News) - The federal government has decided to abolish the current electricity subsidy mechanism for power consumers and...

Federal govt to transfer PIA to new owners by May 25

KARACHI: The federal government is set to transfer ownership of Pakistan International Airlines to a new consortium later this month,...

FBR to collect Climate & Petroleum Levies Under New Rules