In a bold and unprecedented move, the Federal Board of Revenue (FBR) has seized Rs. 80 million directly from Kababjees’ bank accounts without prior notice or warning. This action has sent shockwaves through Pakistan’s business community, raising questions about the FBR’s methods and the broader implications for businesses operating in the country. The Incident Kababjees, […]
Punjab Chief Minister Maryam Nawaz has taken a decisive step towards addressing the rising cost of living by ordering a significant reduction in roti prices across the province. This move, aimed at providing relief to the common people, reflects her administration’s focus on food security and economic justice in one of Pakistan’s most populous regions. […]
Bitcoin has achieved a significant milestone, surpassing the $110,000 mark for the first time, signaling a robust resurgence in the cryptocurrency market. This surge eclipses its previous record set in January 2025 and underscores a broader institutional and regulatory shift favoring digital assets. Key Drivers Behind Bitcoin’s Ascendancy Several factors have converged to propel Bcoin’s […]
The Pakistan Stock Exchange (PSX) has witnessed a remarkable surge, with the KSE-100 Index reaching unprecedented heights, marking a significant milestone in the country’s financial markets. This rally reflects a confluence of favorable economic indicators, investor optimism, and strategic policy decisions that have collectively bolstered market confidence. Unprecedented Market Surge On May 12, 2025, the […]
In a significant move aimed at bolstering national revenue, the government of Pakistan has announced plans to expand the list of luxury goods subject to a 25% General Sales Tax (GST) in the upcoming Fiscal Year 2026 (FY26) budget. This decision aligns with the government’s ongoing efforts to enhance fiscal discipline and secure international financial […]
50-Kilometer Intervals Planned for EV Stations Across Districts Sindh is gearing up for a sustainable transportation shift, with a Chinese company set to install electric vehicle (EV) charging stations across the province. This development was announced by Sindh Information and Transport Minister Sharjeel Inam Memon during a high-level visit to Chery Automobile Headquarters in Wuhu, […]
In a strategic move to bolster economic ties and counteract recent trade challenges, Pakistan has proposed a zero-tariff bilateral trade agreement to the United States. This initiative comes at a time when U.S. President Donald Trump has imposed a 29% tariff on Pakistani goods, potentially leading to a $1 billion loss in exports and threatening […]
The Pakistan Stock Exchange (PSX) has experienced a remarkable surge, with the benchmark KSE-100 Index surpassing the 120,000-point mark—a milestone not seen in recent history. This rally, which began on May 12, 2025, has been fueled by a combination of geopolitical developments and positive economic indicators. Ceasefire with India Eases Investor Concerns PSX The initial […]
In a significant development in U.S.-UAE relations, the Biden administration has approved a $1.4 billion weapons sale to the United Arab Emirates (UAE). This decision underscores the strategic partnership between the two nations, particularly in the context of regional security concerns. Details of the Weapons Sale The approved sale encompasses advanced military equipment, including precision-guided […]
On May 13, 2025, U.S. President Donald Trump and Saudi Crown Prince Mohammed bin Salman (MbS) signed a landmark economic partnership agreement in Riyadh. This agreement, valued at $600 billion, marks a significant deepening of economic and strategic ties between the United States and Saudi Arabia. Key Components of the Agreement The comprehensive partnership encompasses […]
In a significant escalation of its ongoing legal battle, Harvard University has expanded its lawsuit against the Trump administration following the cancellation of an additional $450 million in federal grants. This move adds to the previously revoked $2.2 billion, intensifying the confrontation between the administration and the prestigious institution. Background of the Dispute The Trump […]
In a significant policy move aimed at broadening the tax base and increasing revenue, the Federal Board of Revenue (FBR) has announced plans to impose higher taxes on online buying and selling platforms. As e-commerce continues to grow rapidly in the country, the government is turning its attention to digital marketplaces that have, until now, […]
In a recent statement that seeks to allay public and investor concerns, the Finance Minister has confirmed that the ongoing conflict with India will not impose any additional financial burden on the upcoming national budget. This announcement comes amid rising tensions between the two neighboring countries, prompting speculation over potential increases in defense spending and […]
In a significant move aimed at alleviating the financial strain on Pakistan’s salaried individuals, the federal government has proposed a 10% tax relief for the salaried class in the upcoming fiscal year’s budget. This proposal comes in response to growing concerns over the escalating tax burden on formal sector workers and the need to foster […]
The Pakistan Stock Exchange (PSX) has witnessed an extraordinary surge, with the benchmark KSE-100 Index soaring by nearly 10,000 points, marking one of its most significant rallies in recent history. This remarkable uptrend is attributed to a combination of factors, notably the restoration of a ceasefire agreement, which has significantly eased geopolitical tensions and bolstered […]
On May 7, 2025, the Pakistan Stock Exchange (PSX) experienced a catastrophic plunge, with the KSE-100 index shedding over 8,000 points—its steepest single-day drop in history. This unprecedented crash was triggered by escalating military tensions between India and Pakistan, following India’s Operation Sindoor, which targeted what it described as “terrorist infrastructure” in Pakistan-administered Kashmir and […]
In a dramatic turn of events, India has reportedly pressured the International Monetary Fund (IMF) to dismiss one of its directors in an effort to block the release of a much-needed $2.3 billion bailout package to Pakistan. The move has sparked a heated debate over international financial politics, the role of the IMF, and the […]
The Drug Regulatory Authority of Pakistan (DRAP) has issued a strong warning against the use of counterfeit injections for the treatment of blood disorders, following reports of such products circulating in the market. This alert comes amid growing concerns about the prevalence of fake or substandard medical products, which not only pose serious health risks […]
The 98th draw for the Rs1500 denomination prize bond was held on May 15, 2024, in Karachi, under the supervision of the National Savings Division of Pakistan. This widely anticipated event saw thousands of bondholders awaiting results with the hope of winning substantial cash prizes. The Rs1500 bond, considered one of the most accessible and […]
The Government of Punjab has launched a major housing initiative under the banner “Apni Zameen Apna Ghar” aimed at providing free residential plots to the province’s underprivileged and low-income families. This initiative, spearheaded by Chief Minister Maryam Nawaz, is designed to address the housing shortage and improve living standards across Punjab by enabling eligible families […]
