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Number of Tax Filers in Pakistan Almost Doubled in 2024: Minister Aurangzeb

Finance Minister Muhammad Aurangzeb announced that the Number of Tax Filers in Pakistan for the current fiscal year has nearly doubled compared to last year, with 723,000 new tax filers registered. This significant increase...

Govt Announced TBills Buyback Plan to Ease Debt Burden

In a landmark move, the government has unveiled plans for a Tbills buyback (treasury) worth Rs500 billion, set to take place. This initiative aims to reduce expensive domestic debt and lower interest payments following...

IMF Sets Fiscal Targets and Urges Economic Reforms for Pakistan

The International Monetary Fund (IMF) has established crucial fiscal targets for Pakistan as part of its $7 billion, 37-month Extended Fund Facility (EFF). This initiative aims to stabilize the economy through essential fiscal reforms...

86 Companies Announce Record Profits 2024 Despite Economic Challenges

In a remarkable display of resilience, Pakistan's leading 86 companies listed on the national stock market have announced record profits 2024, with a staggering net profit of Rs 1.7 trillion for the fiscal year...

FBR to Eliminate Non Filer Category, Enforces Strict Tax Compliance

FBR to eliminate non filer category in a bold move to boost tax compliance and expand Pakistan’s tax base. This major reform will prohibit non-filers from purchasing property, buying vehicles, investing in mutual funds,...

Carbon Credit Exports Can Generate $1Billion Revenue for Pakistan

Pakistan has unlocked a significant economic opportunity in the form of carbon credit exports, a market that has emerged due to increasing climate change legislation. Experts reveal that the country could potentially earn a...

World Bank Sanctions $1 Billion Loan for Dasu Hydropower Project

The World Bank has made a significant commitment to Pakistan's energy future by approving an additional $1 billion loan for the Dasu Hydropower Project. This funding comes at a critical time, as the country...

British DHC Highlights Importance of Blue Economy for Pakistan With $100 Billion Revenue Potential

The British Deputy High Commissioner in Karachi, Sarah Mooney, emphasized the importance of blue economy for Pakistan during the World Maritime Day 2024 seminar. As the chief guest at the event, organized by the...

PM Shehbaz Welcomes Ruyi Shandong Group Investment Initiative for Textile Parks in Pakistan

During a meeting with Prime Minister Shehbaz Sharif, China’s Ruyi Shandong Group revealed its ambitious plan to set up textile parks in Pakistan, specifically in the provinces of Sindh and Punjab. This strategic initiative...

PM Shehbaz Supports Initiative of FBR Reforms Targeting Rich Tax Evaders

Under the much-anticipated FBR Reforms, Prime Minister Shehbaz Sharif has approved a comprehensive transformation plan aimed at addressing tax evasion among the wealthiest one percent of Pakistan's population. This initiative targets approximately 600,000 affluent...

SIFC Supports White Oil Pipeline Project to Boost Pakistan Energy Sector

Pakistan’s energy sector is on the brink of a major transformation, with the announcement of the groundbreaking White Oil Pipeline Project. Stakeholders from the country's energy infrastructure have come together to finalize an agreement...

Chinese Firms to Set Up Textile Plants in Pakistan with SIFC Facilitation

In a significant development for Pakistan's textile sector, two major Chinese companies have announced plans to establish textile plants in the country. The initiative, backed by the Special Investment Facilitation Council (SIFC), aims to...

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