Category: Business

Rs75 Trillion ‘Black Hole’: SOEs and Pensions Outpace Pakistan’s Development, Defence Spending

Rs75 Trillion ‘Black Hole’: SOEs and Pensions Outpace Pakistan’s Development, Defence Spending

Islamabad – June 22, 2025: A staggering Rs75 trillion fiscal burden created by state-owned enterprises (SOEs) and pension liabilities is threatening Pakistan’s economic stability, according to new data released in the government’s fiscal report. This hidden financial black hole has now overtaken combined allocations for development projects and even defence

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Pakistan Braces for Monsoon Rains from June 25: Met Office Warns of Flash Floods, Landslides and Disruptions

Pakistan Braces for Monsoon Rains from June 25: Met Office Warns of Flash Floods, Landslides and Disruptions

The Pakistan Meteorological Department (PMD) has issued an urgent advisory predicting widespread monsoon rains across the country starting June 25, warning of flash floods, landslides, and potential road closures in vulnerable regions. The alert comes amid growing concerns about extreme weather conditions driven by climate change, with Pakistan consistently ranked

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Senate Panels Reject 18% Tax on Imported Solar Panels

NA, Senate Panels Reject 18% Tax on Imported Solar Panels

Islamabad, June 17, 2025 — Pakistan’s National Assembly and Senate Standing Committees on Finance and Industries have decisively rejected the proposed 18% sales tax on imported solar panels, introduced in the 2025–26 federal budget. The collective opposition reflects mounting concerns over the impact on Pakistan’s rapidly growing solar energy sector.

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FBR Targets Tobacco Sector with New Tax Measures in 2025–26 Budget

FBR Targets Tobacco Sector with New Tax Measures

slamabad, June 12, 2025 – Pakistan’s Federal Board of Revenue (FBR), under Chairman Rashid Mahmood Langrial, has intensified efforts to plug revenue leakages by extending its enforcement actions from sugar into the tobacco sector—while rolling out a new flat 15% tax rate on passive income, as outlined in the 2025–26

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