The Senate Standing Committee on Finance reviewed the Finance Bill 2025 on Wednesday and recommended a zero-rated tax on the income of up to Rs1.2 million and rejected a proposal to impose tax on individuals doing small online businesses. During a meeting, chaired by its chairman Saleem Mandviwala, the committee approved the proposal to impose […]
The federal government on Wednesday approved the construction of the Sukkur-Hyderabad Motorway (M-6) at a cost of Rs395 billion — up by 138% — and set up a ministerial panel to find credible funding sources, bringing the project back in the public sector financing mode. The Central Development Working Party (CDWP), in a meeting chaired by the […]
During a heated segment on The View aired June 18, 2025, co-host Whoopi Goldberg drew strong reactions after stating that life in the United States is “the same” as life under Iran’s authoritarian regime. The comment was made during a political debate with co-host Alyssa Farah Griffin. Goldberg, 69, argued that racial injustice and violence […]
Financial inclusion in Pakistan has quadrupled in a decade, rising from just 8% in 2013 to 35% in 2024, according to the latest Karandaaz Financial Inclusion Survey (K-FIS). This growth is largely attributed to mobile money usage, which now reaches 30% of adults, up from under 1% ten years ago. Karandaaz Pakistan released the 2024 […]
Banks have failed to achieve the target for extending credit to farmers as they have been able to disburse only 54.3% in fiscal year 2024-25. During the year 2023-24 (Jul-Feb), five major commercial banks had a lending target of Rs1,147 million, but they provided only Rs753.9 million, or 65.7%. Total disbursement of agricultural credit remained […]
Repatriation of profits and dividends from foreign investment in Pakistan stood at $264 million in May 2025, showing a significant 71% year-on-year (YoY) decline but a sharp 117% month-on-month (MoM) increase, according to data released by the State Bank of Pakistan (SBP). During the first 11 months of fiscal year 2024-25 (11MFY25), total repatriation reached […]
The Government of Pakistan unveiled the draft National Tariff Policy (NTP) 2025-30 during the National Regulatory Reforms Conference organised by the Board of Investment (BOI). The conference, aimed at advancing regulatory simplification and industrial competitiveness, brought together federal ministers, diplomats and private sector representatives for strategic dialogue on Pakistan’s economic direction. Coordinator to the Prime […]
The National Accountability Bureau (NAB) Khyber-Pakhtunkhwa chapter has issued a formal call-up notice to senior politician Mohammad Azam Khan Swati in connection with an ongoing investigation into the alleged illegal withdrawal and misuse of government funds. The inquiry launched under Sections 18(c) and 19 of the National Accountability Ordinance (NAO), 1999, centers on financial irregularities […]
On the call of the Khyber-Pakhtunkhwa Bar Council, lawyers across the province observed a complete boycott of court proceedings on Wednesday in protest against newly imposed taxes on the legal fraternity. As part of the protest, no lawyer appeared before the courts in Peshawar or any other district of the province. Leaders of various bar […]
Khyber-Pakhtunkhwa’s Adviser to Chief Minister on Finance, Muzammil Aslam, said during the budget session of the provincial assembly that real electricity relief for the province will only be possible if it generates its own electricity and supplies it directly to the public. He announced that the provincial government plans to establish its own regulatory authority, […]