An Anti-Corruption Court in Karachi has issued non-bailable arrest warrants for 18 accused, including officials of the Sindh Building Control Authority (SBCA), a sub-registrar, and a builder, for allegedly facilitating the illegal construction of a multi-storey building in Kharadar area in exchange for bribes. Judge Ameenullah Siddiqui heard the case. Investigating officer (IO) informed the […]
The deputy director of Finance and Accountant at Lyari’s Benazir Bhutto Shaheed University (BBSUL) Abdul Rashid Mullah has been terminated on allegations of misconduct, especially harassment. The university’s inquiry committee made this decision after a thorough investigation into complaints filed by female students. The committee’s findings showed that the deputy director’s conduct was deemed unethical, […]
The ongoing spell of humid weather coupled with prolonged power outages has become a nightmare for patients suffering from chronic illnesses in the metropolitan city. Doctors at Civil Hospital report that heart patients, diabetics, individuals with high blood pressure, and epilepsy patients are increasingly being rushed to emergency wards in deteriorating conditions. Dr. Imran Sarwar, […]
Pakistan’s $11 billion export-oriented value-added industry, which contributes nearly one-third of total exports, has issued a strong SOS appeal to Prime Minister Shehbaz Sharif, saying that recent budgetary measures are set to derail export-focused sectors at a critical time. In a joint statement, Pakistan Readymade Garments Manufacturers and Exporters Association, Pakistan Hosiery Manufacturers Association, the […]
The Fruit Juice Council (FJC), representing the formal juice industry, has urged the government to reduce the 20% Federal Excise Duty (FED) on juices to 15% to generate higher revenue than the outgoing financial year. The current 20% FED, in addition to 18% GST, has stalled industry growth. In FY2024-25, government revenue projections fell short, […]
Minister for Finance Muhammad Aurangzeb on Tuesday reaffirmed the government’s resolve to implement structural reforms to achieve long-term economic growth and stability. Speaking at the “National Workshop on Transitioning to Defined Contribution Pension Schemes”, organised by the Securities and Exchange Commission of Pakistan, the minister said that the government was committed to reforming the areas […]
A National Assembly panel on Tuesday unanimously rejected the 18% sales tax on solar panel imports, while the government announced it would withdraw another controversial proposal to increase in sales tax on hybrid vehicles, rolling back two controversial budget measures viewed as anti-environment. The National Assembly Standing Committee on Finance also raised questions about the […]
The government is expected to widely miss the target for fund utilisation on water sector projects in the outgoing fiscal year 2024-25. An amount of Rs142.6 billion had been allocated for water projects under the Public Sector Development Programme (PSDP) for FY25. The estimated expenditure by the end of May was Rs79.4 billion, revealed the […]
K-P Chief Minister’s Advisor on Finance and Interprovincial Coordination Muzzammil Aslam told the K-P Assembly that the Khyber-Pakhtunkhwa government not only successfully completed the Annual Development Program (ADP) worth Rs120 billion for the ongoing fiscal but also incurred development expenditures exceeding Rs150 billion. Responding to questions during the provincial assembly’s budget session, the CM’s aide […]