News

Pakistan’s business community has strongly rejected the government’s new incremental electricity consumption package, calling it anti-industry, overly complicated, and economically unsustainable. During a public hearing organized by the National Electric Power Regulatory Authority (NEPRA) on Tuesday, industrial associations including APTMA, FPCCI, and KCCI warned that the proposed power tariff structure could cripple production, trigger factory…

Pakistan has paid a staggering $2.69 billion (SDR 1.90 billion) in interest and surcharges on loans obtained from the International Monetary Fund (IMF) since 2008, according to a recent report issued by the Economic Affairs Division (EAD). The data paints a clear picture of Pakistan’s long-term dependency on IMF programmes and the heavy financial burden…

In a major success for Pakistan Customs, authorities at Jinnah International Airport, Karachi, have successfully intercepted and seized a massive 79.18 kilograms of silver jewellery worth an estimated Rs. 66.9 million, preventing an attempt to smuggle the precious metal into Pakistan through the International Mail Office (IMO). The seizure highlights the growing threat of precious…

A major development has taken place in Punjab, making it easier than ever for motorcycle riders to get their driving licences. The City Traffic Police (CTP) Rawalpindi has officially launched a one-Driving License System for Motorcyclists that allows citizens to obtain both their learner and permanent licences in just a single visit. This initiative removes…

Pakistan has officially received its second shipment of American crude oil, marking another milestone in its ongoing effort to diversify energy imports and reduce dependence on traditional Middle Eastern suppliers. The development also represents a growing chapter in U.S.-Pakistan energy cooperation, highlighting the country’s strategic shift toward securing cheaper and cleaner sources of fuel. Details…

The comparisons between Pakistan’s Babar Azam and India’s Virat Kohli have long dominated modern cricket discussions. Both batting superstars have broken records, inspired nations, and redefined consistency in world cricket. But this time, the two elite players share a record they would rather not — an unwanted century drought. During the first ODI between Pakistan…

The International Cricket Council (ICC) has confirmed a major structural overhaul of the World Test Championship (WTC) for the next cycle starting in 2027, responding to growing global debate about the tournament’s competitiveness and inclusiveness. While the idea of a two-tier Test league with promotions and relegations had been discussed for over a decade, the…

In a landmark decision, the Federal Board of Revenue (FBR) has officially Abolishes Manual Tax Returns, making electronic filing (e-filing) mandatory for all taxpayers across Pakistan. The move is designed to modernize the country’s tax system, promote transparency, and make compliance easier for individuals and businesses alike. The decision was issued under SRO 2107 of…