Punjab Introduces New Taxes and Higher Vehicle Charges From July 1
The Punjab government has announced a series of new tax measures that will take effect from July 1, bringing changes for property owners, tenants, and vehicle owners across the province. Under the revised taxation framework, a 16% General Sales Tax (GST) will be imposed on rented non-residential properties. The tax will apply to a wide […]
Budget Team to Receive Special Six-Month Honorarium, Says Finance Minister
Finance Minister Muhammad Aurangzeb announced a special six-month salary bonus for employees of the Finance Ministry and the Prime Minister’s House who played a role in preparing the federal budget. While addressing the National Assembly during the budget session, the minister praised the dedication and hard work of the officials involved in the lengthy budget […]
Fuel Price Shock Erases Oil Sector Gains, Raises Investor Concerns
Recent fuel price adjustments have placed Pakistan’s oil marketing industry under severe pressure, with analysts claiming that profits accumulated over the past year were wiped out in just one day. According to industry observers, the sudden change in fuel prices has significantly reduced company margins, increased operational challenges, and reversed earlier financial gains. Firms are […]
Pakistan, Iran Move to Expand Agricultural Trade and Food Cooperation
Pakistan and Iran have taken new steps to strengthen cooperation in the agriculture sector, with both countries exploring opportunities to increase trade in food and farm-related products. During recent discussions in Islamabad, officials reviewed ways to improve agricultural collaboration and enhance the flow of goods between the two neighboring countries. One of the key areas […]
Pakistan’s Irrigation Network Among the Largest in the World
Pakistan is home to one of the world’s most extensive irrigation systems, known as the Indus Basin Irrigation System (IBIS). The network plays a vital role in supporting the country’s agriculture and food production. Fed by the Indus River and its five major tributaries, the irrigation system delivers water to millions of acres of farmland […]
Loads Limited Explores Partnership With Chinese Firm to Enter Pakistan’s Copper Industry
Pakistan-based company Loads Limited is exploring a new business opportunity in the copper sector through a potential partnership with Chinese company Anhui New Material Technology Co. (Xinhuida). According to information shared with the Pakistan Stock Exchange, the two companies have signed a Memorandum of Understanding (MoU) to explore cooperation in several areas related to copper […]
Iranian Rial Sees Buying Rush in Pakistan as Market Sentiment Improves
A strong wave of interest in the Iranian rial has emerged across Pakistan, with currency traders reporting a sharp increase in purchases over the past few days. The trend follows growing optimism surrounding recent diplomatic developments involving Iran and the United States. Market participants say many buyers are entering the currency market after noticing a […]
Oil Sector Raises Alarm Over Sharp Fuel Price Reduction
Pakistan’s oil industry has expressed serious concerns after the government’s recent decision to significantly reduce petroleum prices, warning that the move could create financial challenges for key energy companies. Industry representatives argue that the reduction was implemented without sufficient consultation and differs from the pricing mechanism traditionally used for petroleum products. They believe the decision […]