Pakistan entered the second round of economic review talks with the International Monetary Fund, presenting data on tax collection, fiscal performance, and widening revenue shortfalls. The IMF voiced concerns over missed revenue goals after the Federal Board of Revenue disclosed Rs11.74 trillion collection against an ambitious annual target of Rs12.97 trillion. Officials attributed the shortfall…
The Pakistan Stock Exchange recorded a historic milestone on Friday, with the KSE-100 Index crossing 160,000 points during early trade amid strong buying activity. At 10:15am, the benchmark index climbed to 161,188.80 points, reflecting a robust increase of 1,908.71 points or 1.2 percent in morning trade. Investors showed across-the-board confidence in major sectors, including cement,…
Nepra has imposed a fine of Rs975 million over the past few years for fatal and non-fatal accidents at power-distribution licensees shows Islamabad Electric Supply Company (IESCO) topping the list with Rs310 million fines to date, followed by Hyderabad Electric Supply company HESCO) with Rs117 million. The privatized K-Electric faced a total fine of Rs95.5…
A UK Government report has revealed that copyright piracy and trademark counterfeiting drained Pakistan’s economy by nearly £2.2 billion during 2023. The study, developed by the UK Intellectual Property Office and Department for Business and Trade, highlights weak intellectual property enforcement as a critical economic challenge. According to the report, piracy and counterfeiting are undermining…
Infralectric by Brillanz Group Launches Pakistan’s First Green Sukuk for the Telecom Sector, Following Successful Completion of 25MWh AI-Powered ESaaS ProjectIslamabad, 25 September 2025: In a landmark development for Pakistan’s telecom and energy sectors, Infralectric, a Brillanz Group company, has announced the launch of Pakistan’s first Green Sukuk for the Telecom Sector, alongside the successful…
Xiaomi International and Leica Camera AG launched the Xiaomi 15T series in Munich on Wednesday, marking a significant step in global technology partnerships. The series highlights advanced photography features, refined design, and integration of Google Gemini artificial intelligence, offering tools such as image processing, translation, and screen sharing. The Xiaomi 15T Pro introduces the Leica…
The Senate Standing Committee on National Food Security & Research, under the chairmanship of Senator Syed Masroor Ahsan, held a critical session to review a range of pressing national food security issues. The session was attended by Senators Poonjo Bheel, Dost Muhammad Khan, Rahat Jamali , Abdul Wasay, Danesh Kumar, Aimal Wali Khan, Sardar Al…
The Federal Board of Revenue has revised its IRIS tax return form only days before the September 30 filing deadline, sparking concern among taxpayers. The revised form now requires disclosure of the market value of assets, with authorities stating this step is intended to create reliable data for better policy decisions. Several taxpayers expressed worry,…
Deputy Prime Minister Ishaq Dar announced a major reform for overseas Pakistanis, establishing dedicated courts to resolve property disputes efficiently and transparently. The Foreign Minister made the remarks while inaugurating the renovated Consular Services Area at the Pakistan Consulate General in New York. Dar said the new courts, established under the Overseas Pakistanis Property Act,…
Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, hosted a dinner in Islamabad in the honor of Board of Directors of Pak-Arab Refinery Limited (PARCO). The gathering reflected the government’s commitment to fostering collaboration with the energy sector and advancing Pakistan’s refining and petroleum industry. The event, held to welcome the foreign board members from…