IslamabadThe Governor of the State Bank in Pakistan, Jameel Ahmad, called on commercial banks to reconsider their current business models and give the priorities of lending to small and medium enterprises to contribute an activity in the economic growth of the nation. Speaking at the end of the Pakistani banking summit 2025 ′ on Tuesday, … Read more
The International Monetary Fund (IMF) emphasized the need for broad tax reforms in Pakistan, highlighting the weak revenues of the country and excessive dependence on the official sectors of taxes. Speaking at the “Return Retirement Conception: Innovation, Cooperation and Flooding”, the President of the International Monetary Council of Benchi indicated that some sectors contribute only … Read more
The Pakistani Communications Authority (PTA) advised consumers to verify the tax payment status of mobile devices before purchase to ensure compliance with the Federal Revenue Council regulations (FBR) and avoid potential service disturbances. The consultant, which was issued on Friday, stressed that mobile devices must be registered under the appropriate computerized national identity card (CNIC) … Read more
The Pakistani Lawyers Association (PTBA) has called on the Federal Revenue Council (FBR) to establish a fully operating tax office in Gawadr, noting the increasing economic importance of the city and the need to improve the mechanisms of tax compliance. Fazal Fazraz, a senior sales tax expert, confirmed that PTBA representatives discussed the matter with … Read more
Islamabad: The Permanent Committee of the National Association for Information Technology and Wireless Communications directed the Pakistani Communications Authority (PTA) on Tuesday to accelerate efforts to bring in Starlink satellite internet service to Pakistan. According to a statement issued by the Municipality of the National Assembly, PTA president, the General (R), told the committee that … Read more
The Pakistani Business Council (PBC) urged Prime Minister Shaybaz Sharif to process black funds in real estate and create a more fair environment among official and informal sectors. In a letter to the Prime Minister, the CEO of PBC EHSAN Malik stressed the need for economic reforms before it leads to growth, warning that early … Read more
The Vice President of the World Bank of South Asia, Martin Razer, warned that the $ 20 billion that has been pledged under the Rural Partnership framework (CPF) will not be sufficient to achieve the Pakistani ambitious development goals for 10 years, which confirms the need to mobilize additional resources. In a statement after his … Read more
ISLAMABAD: Professor Ahsan Iqbal, Federal Minister for Planning, Development and Special Initiatives, said that the main focus of the “Pakistan Arwani” program is to promote education, which is essential for economic growth and prosperity. Speaking at a media conference on the Public Sector Development Program (PSDP) and key government initiatives, he said: “Education is a … Read more
ISLAMABAD: Federal Minister for Energy (Energy Department), Sardar Owais Ahmad Khan Leghari, has written to all regional chief ministers, the chief minister of Azad Jammu and Kashmir, and the federal ministers for planning, science and technology, urging them to implement the law. Energy Conservation Building Code 2023 (ECBC-2023) within their respective building regulations areas. In … Read more
The Pakistan Business Council (PBC) has highlighted five critical challenges that the government must address to maintain the economic stability achieved in 2024. In a statement shared on social media platform X, the People’s Bank of China spoke about the country’s economic trajectory and stressed the need for reforms and prudent fiscal policies. The Council … Read more