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Govt Plans Rs2,800bn Gas Debt Fix—Consumers to Bear the Burden
Govt eyes Rs2,800bn circular debt fix in gas sector—consumers to pay via Rs3–10/liter levy, gas price hikes. Rs2,000bn loan planned; subsidies to end by 2026. Task force to decide Sui Gas reforms.
News Desk
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Pakistan Assumes UNSC Presidency for July 2025
Pakistan takes over the UN Security Council presidency for July 2025. FM Ishaq Dar arrives in New York to lead key UNSC events, advocate for Palestine, and enhance OIC-UN cooperation.
News Desk
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Islamabad: Govt Introduces Energy Vehicle Adoption Levy to Boost Electric Vehicle Use
Govt imposes “Energy Vehicle Adoption Levy” on fuel cars to promote EVs. Up to 3% charged based on engine size—aims to raise Rs10B for EV initiatives.
News Desk
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AGP Report Uncovers Multi-Billion Rupee Irregularities in K-4 Water Project
Billions lost in K-4 project! AGP audit reveals contracts awarded at inflated rates—up to double the estimated cost. Violations of procurement rules flagged.
News Desk
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Govt Withdraws Sugar Import Tender After IMF Refuses Tax Waiver; Ex-Mill Prices Surge
Govt withdraws sugar import tender after IMF rejects tax waiver. New bid issued for 50,000 tons instead of 300,000. Ex-mill sugar price hits Rs165/kg—up Rs25 since export approval.
News Desk
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Indonesia’s Defence Minister Calls on PM Shehbaz, Seeks Enhanced Defence Partnership with Pakistan
Indonesia’s Defence Minister meets PM Shehbaz, seeks deeper defence ties & joint production ventures. Both reaffirm strategic, economic & cultural partnership.
News Desk
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ADB Urges 5% Uniform GST to Boost Pakistan’s Digital Economy
ADB urges Pakistan to impose a flat 5% GST on digital transactions to spur e-commerce & investments. Warns high taxes, policy gaps threaten growth & digital access.
News Desk
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Pakistan’s State Institutions Report Rs 5.89 Trillion Losses, Circular Debt Hits Rs 49 Trillion
Pakistan’s govt institutions post record Rs 5.89 trillion losses; circular debt hits Rs 49 trillion. Shocking IMF report exposes deep financial cracks in power, gas & telecom sectors.
News Desk
