Pakistan's Finance Minister, Senator Ishaq Dar, held a meeting with the US Ambassador to Pakistan, Donald Blome, to discuss measures taken by the coalition government to address the economic challenges that the country is grappling with at the moment. During the meeting, the US representative expressed confidence in the Pakistani government's policies and programs to [...]

Imran Khan, the Chairman of Pakistan Tehreek-e-Insaf (PTI), criticized the government of the Pakistan Democratic Movement (PDM) after it announced a series of cost-saving measures to ease the burden on the national budget during a period of economic crisis. During a video address to the nation, Khan urged the PDM to repatriate their looted funds [...]

In Pakistan, Kia Lucky Motors has raised the cost of its vehicles in line with market demand. The increase in rates is a result of the sales tax's increase from 17% to 18%, which takes effect on February 14, 2023. The business updated its car prices to reflect the new rate as a result. Here [...]

Peugeot Pakistan has increased the price of its Peugeot 2008 crossover SUVs by 18% due to the government's implementation of a General Sales Tax (GST), up from the previous rate of 17%. The company shared the updated prices for both variants of the SUVs through a social media post. The Peugeot 2008 Active variant will [...]

Yamaha, one of Pakistan's leading bike manufacturers, has announced its first price increase for 2023. The company has increased the prices of its bikes, and as usual, there is no official reason provided for the hike. However, the increase may be due to the recent implementation of the 18% General Sales Tax, which replaces the [...]

Imran Khan, the leader of the Pakistan Tehreek-e-Insaf, has been summoned by the Lahore High Court (LHC), which did so after seeing that his affidavit and power of attorney had different signatures. Last week, during the hearing of Khan's precautionary bail plea—he was refusing to appear in court due to security concerns—the LHC had made [...]

The leader of Tehreek-e-Labbaik Pakistan (TLP), Saad Rizvi, declared on Monday that a statewide protest against an increase in the price of petroleum goods would take place on February 27. The TLP issued the administration a 72-hour deadline last week to reverse the price rise for petroleum items that was implemented in response to IMF [...]

The Lahore High Court (LHC) finally granted interim protective bail to Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan until March 3 in a terror case registered against him over alleged vandalism during protests in Islamabad against his disqualification by the Election commission of Pakistan on Monday, shortly after his court appearance and several adjournments (ECP). After [...]

The National Assembly on Monday passed the Finance (Supplementary) Bill, 2023, which calls for Rs170 billion in additional taxes and tariffs to be levied in order to comply with the agreement agreed with the IMF for the Extended Fund Facility. As less than 70 parliamentarians were present when the mini-budget was passed, none of the [...]

The minister stated in the National Assembly that Alvi had broken the Constitution by announcing the date for the elections for the Punjab and Khyber Pakhtunkhwa assembly when he had no constitutional authority to do so. He claimed that after dissolving the National Assembly, the president was permitted by Article 48(5) of the Constitution to [...]

Aftab Sultan, the head of the National Accountability Bureau (NAB), resigned to the prime minister due to political cases, it was revealed on Tuesday. The honourable bureaucrat was chosen to lead the nation's anti-corruption watchdog in July. Sultan, who was reportedly under pressure due to political matters, sent his resignation to the prime minister. According [...]

The Pakistani Prime Minister, Shehbaz Sharif, met with a delegation from Rothschild & Co in Islamabad on Monday to discuss measures to improve the country's economy. Despite facing challenges such as natural disasters and the effects of previous mismanagement, the Prime Minister stated that his government has taken concrete and urgent steps to put the [...]

Pakistan's Federal Cabinet has extended the deadline for additional regulatory duties on consumer goods for 40 days, but it has not been as effective as the central bank's decision to prohibit foreign currency provision for imports. The move comes amid a review of the current import regulations by the State Bank of Pakistan, which violate [...]

Chain Stores Association of Pakistan (CAP) has expressed opposition to the proposed Finance Bill, which aims to increase the General Sales Tax (GST) from 17% to 18%. According to CAP chairman Rana Tariq Mehboob, the new taxation measures will be detrimental to traders and will exacerbate the current financial crisis. Mehboob expressed worry that the [...]

The Election Commission of Pakistan has requested legal advice from the Attorney General of Pakistan and legal experts regarding the conduct of elections in Khyber-Pakhtunkhwa and Punjab. Under the leadership of Chief Election Commissioner (CEC) Sikandar Sultan Raja, the ECP conducted a consultative meeting with members, the secretary, and representatives of the law wing. In [...]

In a letter to the State Bank of Pakistan, the Oil Marketing Association of Pakistan (OMAP) outlined the difficulties the industry is having in light of the current financial crisis, including a scarcity of dollars and a slowdown in the opening of LCs. The Letter stated: The OMC firm, which was already struggling for survival, [...]