Sui Northern Gas Pipelines Limited (SNGPL) is facing a severe cash crunch as unpaid bills from the power sector pile up to …
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News
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Pakistan
Iran Air Opens Weekly Quetta–Zahedan Route, Boosting Cross-Border Travel
by Sara Ahmedby Sara AhmedIran Air has officially begun direct passenger flights between Quetta, Pakistan, and Zahedan, Iran, in a move aimed at strengthening regional connectivity. …
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Pakistan
National Grid Seeks Diplomatic Push to Recover $3.65 Million from Iranian Firm
by Sara Ahmedby Sara AhmedPakistan’s National Grid Company (NGC) has urged the federal government to step in and help settle a long-standing $3.65 million payment dispute …
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Business
Govt Sets Ambitious Five-Year Path to Offload 24 State-Owned Enterprises
by Sara Ahmedby Sara AhmedIn a bold move to reshape Pakistan’s economic landscape, the federal government has introduced a five-year strategy to privatise 24 state-owned enterprises …
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World
World Bank Poised to Inject $600M into Pakistan’s Push for Smarter, More Inclusive Public Spending
by Sara Ahmedby Sara AhmedIn a significant boost to Pakistan’s fiscal reform agenda, the World Bank is preparing to greenlight a $600 million loan to support …
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Business
FBR Tightens Tax Rules for Banks, Targets Greater Alignment Between Reported and Taxable Income
by Sara Ahmedby Sara AhmedISLAMABAD – In a move aimed at closing gaps between what banks report as income and what they actually pay taxes on, …
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News
Pakistan’s Farmland Shrinks While Number of Smallholders Grows: Census 2024
by Sara Ahmedby Sara AhmedISLAMABAD — The vast majority of Pakistan’s farmers now operate on increasingly smaller plots of land, according to new data from the …
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News
FBR’s Arrest Powers Curtailed: Business Vetting Now Required Before Tax Fraud Probes
by Sara Ahmedby Sara AhmedIn a move reshaping how tax fraud cases are pursued in Pakistan, the Federal Board of Revenue (FBR) has imposed new checks …
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No Evidence Yet of Under-Invoicing or Money Laundering, Say Officials Customs authorities have dismissed recent media reports suggesting widespread financial misconduct in …
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News
Pakistan Clamps Down on E-Commerce: Unregistered Online Sellers Face Service Bans, New Tax Rules
by Sara Ahmedby Sara AhmedIslamabad — Pakistan’s tax authority is taking a hardline approach to digital commerce, effectively shutting out any unregistered online sellers from doing …