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Infralectric rolls out Pakistan's first Green Sukuk as AI ESaaS goes live
Sat, 27 Sep 2025 01:00:00 +05:00

This image shows mobile phone connection towers. — AFP/File

Infralectric, a Brillanz Group company, has launched Pakistan’s first Green Sukuk for the telecom sector and completed a 25MWh AI-powered Energy-Storage-as-a-Service deployment, it announced on Thursday.

The...

Leghari says circular debt to be eliminated within six years after 'landmark financing deal'
Fri, 26 Sep 2025 23:36:00 +05:00

Federal Minister for Power Sardar Awais Ahmed Khan Leghari addresses press conference in Islamabad, September 26, 2025. — Screengrab via YouTube/Geo News Debt surged from Rs1.1tr to Rs2.28tr by 2022.Financing secured at KIBOR minus 0.9%. Rs3.23 surcharge to be phased out...

FBR removes 'estimated market value' column from income tax return form
Fri, 26 Sep 2025 22:28:00 +05:00

An undated image of the Federal Board of Revenue building in Islamabad. — APP/FileLaw minister Azam Tarar led review committee.Petroleum minister, attorney general were also members.Committee assessed new column’s impact on taxpayers.

ISLAMABAD: The Federal Board of...

IMF raises concern over FBR's Rs1.2tr tax shortfall
Fri, 26 Sep 2025 12:26:00 +05:00

A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. — ReutersIMF questions FBR over Rs1.2tr revenue shortfall.Pakistan secures $1.37bn external loans in two months.Government...

Washington slaps new US tariffs on drugs, trucks and furniture
Fri, 26 Sep 2025 11:45:00 +05:00

A US flag flutters near shipping containers as a ship is unloaded at the Port of Los Angeles, in San Pedro, California, US on May 1, 2025. — ReutersPresident Trump cites national security for new round of tariffs.Shares of pharmaceutical firms from Hong Kong to India slide.100%...

PSX closes at all-time high amid optimism on economy, geopolitics
Fri, 26 Sep 2025 10:07:00 +05:00

broker talks on phone as he looks at an index board showing the latest share prices at the PSX in Karachi on February 10, 2023. — AFPKSE-100 index gains over 2,000 points in intraday trading. Analysts cite optimism on economy, IMF programme.Strong liquidity inflows fuel fresh...

FBR clarifies changes in 2025 income tax return form
Thu, 25 Sep 2025 17:58:00 +05:00

This image released on March 3, 2022, shows the FBR building. — Facebook/Federal Board of RevenueTaxpayers fear they may need to re-file.FBR says no new SRO has been issued.Filing deadline for income tax returns remains Sept 30.

ISLAMABAD: The Federal Board of Revenue has...

Glimmering sea of solar as China expands desert installation
Thu, 25 Sep 2025 13:03:00 +05:00

An ocean of blue solar panels ripples across the ochre dunes of Inner Mongolia's Kubuqi desert, a glittering example of China's almost inconceivably mammoth energy transition.

Even as other countries have put the brakes on desert solar projects for economic or technical reasons, China...

Govt seals Rs1.225tr deal to cut circular debt
Thu, 25 Sep 2025 10:26:00 +05:00

A representational image of a transmission tower, also known as an electricity pylon. — AFP/FileAgreement restructures loans, provides fresh financing for power payments.Innovative plan repurposes surcharge, avoids extra burden on consumers.Concessional rates, sovereign guarantee...

Diamonds and drones: FBR scans social media to find tax evasion
Wed, 24 Sep 2025 18:43:00 +05:00

Shopkeepers display bridal dresses to customers at a shop in a cloth market in Karachi, Pakistan September 23, 2025. — Reuters

Diamond sets and a drone light show at a near-million-dollar wedding have become evidence for Pakistan's tax authorities under a new "Lifestyle...

PIA secures UK TCO certification, eyes resumption of flights next month
Wed, 24 Sep 2025 14:02:00 +05:00

View of a Pakistan International Airlines passenger plane, taken through a glass panel, at Islamabad International Airport, October 3, 2023. — ReutersPIA clears key UK hurdle for operations.Airline to operate cargo flights from three cities.Ban followed Karachi crash, licence...

Pakistan urges IMF to consider flood impact in next programme review
Wed, 24 Sep 2025 13:04:00 +05:00

Prime Minister Shehbaz Sharif meets IMF Managing Director Kristalina Georgieva on UNGA sidelines, September 24, 2025. — APPPakistan making progress on IMF targets: PM ShehbazSays country's economy moving towards recovery.Over 1,000 killed since June 26 in rains, floods: NDMA.

'Struggling to save and budget my modest income amid inflation. Please help!'
Wed, 24 Sep 2025 11:10:00 +05:00

Dear Haya,

I really find it difficult to save from my modest income. I've been working for the last five years and completely dependent on my job to earn my monthly salary. While I try to manage the usual household expenses, it is tough to...

Pakistan 'signs Rs1.275tr financing deal' to ease power debt today
Wed, 24 Sep 2025 10:38:00 +05:00

This undated image shows a view of power grid towers. — Reuters/File

PM Shehbaz joins signing ceremony virtually from New York.Loan to retire legacy debts, no burden on exchequer. Move seen as key step to stabilise power sector.

With poverty at 25.3%, World Bank urges bold reforms to slash penury, build resilience
Tue, 23 Sep 2025 16:08:00 +05:00

A representational image showing a child receiving food being distributed by a charity organisation. — Reuters/FilePakistan's poverty level increase by 7% in three years: WB official.85% people work in low-income sectors, 95% in informal ones.Salaries increased by 2-3% from...

FBR set to 'expand crackdown' on tax evaders to KP, Sindh
Mon, 22 Sep 2025 23:11:00 +05:00

A policeman walks past the Federal Board of Revenue office building in Islamabad — Reuters/FileJewellers in multiple cities issued notices over unpaid taxes.FBR raids real estate firm in Islamabad as part of crackdown.A significant amount of jewellers fail to file tax returns.

China's ByteDance will get 1 of 7 board seats for TikTok's US operations, says official
Sun, 21 Sep 2025 10:42:00 +05:00

A general view of the offices of TikTok in Culver City, California, US, April 2, 2025. — ReutersTrump seeking deal to avoid TikTok ban in US.TikTok's US algorithm will be outside ByteDance's control.Democrats want to know how any deal will work.

WASHINGTON: A US-China agreement on...

FBR announces crackdown against wealthy individuals flaunting lifestyle on social media
Sun, 21 Sep 2025 10:35:00 +05:00

A representational image showing the FBR logo. — FBR website/FileFBR to monitor social media monitoring to identify tax dodgers.Tax body identifies people declaring assets, income worth Rs3bn.450 officers fielded to verify those declaring fewer assets, income.

Pakistan begins stakeholder consultations on power market reforms
Sat, 20 Sep 2025 12:43:00 +05:00

A power transmission tower in Karachi on January 24, 2023. — ReutersISMO holds workshop to open stakeholder dialogue.Reform aims to auction 800MW of wheeling demand.Leghari stresses CTBCM built on global best practices

ISLAMABAD: Pakistan has launched stakeholder consultations on...

Pakistan joins Arab payments platform in landmark integration move
Fri, 19 Sep 2025 11:23:00 +05:00

A cashier counts Qatari riyal notes at a money changer in Doha May 28, 2013. — ReutersDigital payments hit Rs1tr every nine days: SBP governorRemittances to become faster and more secure under Buna.SBP targets a cashless economy nationwide by June 2026.

ISLAMABAD: Pakistan has...

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