Karachi: The Southern District of Customs Evaluation collected 96.3 billion rupees of customs duties through the unidentified customs evaluation system (FCAS) in January 2025, which reflects an increase of 52 % compared to 61.5 billion rupees in January 2024. The increase highlights the efficiency of the digital evaluation system in improving revenue collection. According to … Read more
The Labor Party has agreed to develop the Punjab Province (PDWP) on two main development projects worth 13.72 billion rupees. The decision was taken at a meeting chaired by the Chairman of the Planning and Development Board (P&D) Nabil Ahmed Awan. The approved projects include the construction of the South Punjab Municipality and the government … Read more
ZAREA LIMITED, one of the largest B2B commodity platforms in Pakistan, was appointed to launch an initial general offer (IPO) on the Pakistani Stock Exchange (PSX) to raise at least 1 billion rupees ($ 3.59 million). The company will offer 62.5 million shares, representing 23.81 % of the paid -up capital after the primary, at … Read more
The Federal Chairman (FBR) Rashid Mahmoud Langeral attributed the revenue deficit in the first half of the fiscal year 25 to an independent growth less than expected, driven by the stability of the exchange rate, subjugation inflation, and the intelligence of the slow GDP and the manufacturing sector. The Senate Standing Committee reported that these … Read more
IslamabadCredit exchange for the agricultural sector in Pakistan has increased to rupees. 1.26 trillion by the end of the first half of the fiscal year 2025 (fiscal year 25), close to its entire general goal of rupees. 2.5 trillion by the banking authority of commercial banks. This was revealed by the governor of the State … Read more
Islamabad: Minister of Planning, Development and Special Initiatives (PD & SI)/Vice -Chairman of the Planning Committee, presided over the professor of the Planning Committee for the best turnout for the Central Labor Party (CDWP), which approved 16 projects for development at a value of 259.68 billion rupees. A press release said: “Among them, the forum … Read more
The Special Investment Equipment Council (SIFC) led the main repairs in the energy sector, enabling private gas companies to reduce the circular debt burden by 71 billion rupees annually, according to the President of Universal Gas Distribution (UGDC) GHIYAS PARACHA. According to a news report, Paracha highlighted that the government is expected to generate 12 … Read more
ISLAMABAD: Pakistan Railways (PR) has refunded Rs380 million to passengers over a period of three years due to delay in starting trains from the original station. “Rs 33 million in 2023, Rs 269 million in 2022 and Rs 78 million in 2021 have been recovered to facilitate passengers following their complaints regarding undue delay in … Read more
The federal government’s reliance on loans continued in 2024, with its total debt increasing by 3,919 billion rupees during the year, according to a document issued by the State Bank of Pakistan (SBP). This increase is due to the significant increase in domestic debt, while external debt has witnessed a decline. Data from the State … Read more
The federal government’s total debt stock fell by Rs456 billion in October 2024, driven by record profit remittances from the State Bank of Pakistan (SBP) and continued debt servicing. According to data released by the State Bank of Pakistan, total debt stood at 69.114 trillion rupees at the end of October, down from 69.570 trillion … Read more