Pakistan to Enforce New Auto Safety and Import Rules from October ISLAMABAD – The federal government has announced sweeping reforms for Pakistan’s automobile sector, set to take effect from October 2025, in a move aimed at raising safety standards and tightening import controls. According to official documents, locally manufactured vehicles will now be required to […]
Pakistan to Submit Detailed Response to IMF, Highlights Anti-Corruption Measures ISLAMABAD – Pakistan will submit a comprehensive response to the International Monetary Fund (IMF) report, officials said, emphasizing the reforms and measures taken to curb corruption and improve governance in the public sector. The government maintained that governance indicators in Pakistan have shown significant improvement. […]
President Approves New NFC Member, Criminal Laws Bill Amid IMF-Linked Reforms ISLAMABAD – The President of Pakistan has approved the nomination of Mahfooz Ali Khan as Balochistan’s non-official member in the 11th National Finance Commission (NFC), replacing the earlier nomination after a revision by the provincial government. According to a statement from the President’s Secretariat, […]
Pakistan Struggles with Natural Disasters Amid Weak Insurance Coverage Islamabad – Pakistan remains highly vulnerable to natural disasters, facing billions of rupees in losses each year from floods, earthquakes, and other calamities. Despite a strong banking sector, the country’s insurance industry lags far behind international standards, limiting its ability to cover disaster-related damages, sources said. […]
IMF Pushes Pakistan to Revise NFC Award Formula ISLAMABAD — The International Monetary Fund (IMF) has asked Pakistan to review its National Finance Commission (NFC) Award in a bid to strengthen fiscal discipline, according to official sources. The proposed changes could reduce the provinces’ current share of 57.5 percent from the divisible pool. If the […]
“Provincial government has invested in Lahore with its resources and not by the federal government,” Ahsan Iqbal said. “The federal government didn’t spend funds on it,” the minister said. He said the provinces receive resources according to their population under the National Finance Commission (NFC). “The provincial government gets resources in proportion to the population […]
According to the Ministry of National Food Security spokesperson, the final order for the sugar import has been issued, with the first shipment expected to arrive in Pakistan in early September 2025. The spokesperson stated that the import of sugar is aimed at balancing prices and providing relief to the public. Additionally, the government has […]
FBR Collects Rs. 755 Billion in July, Beats Monthly Target The Federal Board of Revenue (FBR) has collected Rs. 755 billion in July 2025, going beyond its target of Rs. 748 billion, according to sources. This shows the government is focusing more on collecting taxes and increasing revenue. July Tax Breakdown: Income Tax: Rs. 324 […]
The International Monetary Fund (IMF) objected to the energy ministry’s proposal to provide 8,000 megawatt surplus electricity at a cheaper rate to industries. The officials of the energy ministry failed to convince the IMF on the marginal energy package, sources said. In the next round of the economic review talks, a revised package of new […]
Govt Plans to End Power Subsidies by 2027 as Protected Users Rise to 18 Million ISLAMABAD – In a recent Public Accounts Committee (PAC) meeting chaired by Junaid Akbar Khan, Secretary of the Power Division, Dr. Fakhre Alam Irfan revealed a significant surge in the number of protected electricity consumers in Pakistan—from 11 million to […]
