The government is examining a proposal to gradually reduce the Petroleum Levy to Rs. 5 to Rs. 10 per liter and replace around Rs. 1.45 trillion with Rs. 1.5 trillion in annual revenue through new taxes, reduced exemptions, spending cuts and better enforcement, according to a repo...
Pakistan and Qatar have discussed exploring new regional trade routes that could connect Pakistan with Turkey and European markets through the Middle East and Central Asia, potentially creating new opportunities for transit and bilateral trade.
The Federal Board of Revenue (FBR) has tightened its monitoring framework for designated non financial businesses and professions to strengthen action against money laundering and terrorist financing across Pakistan.
The National Electric Power Regulatory Authority (NEPRA) has increased electricity prices by Rs. 0.52 per unit under the quarterly adjustment mechanism. This is the 2nd consecutive rate hike in a week.
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