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Author: richpakistan

GST on solar panels cut to 10%, digital sales tax on services to stay under provincial jurisdiction 

Dar clarifies that the initial 18% GST proposal on solar panels sparked debate, as 54% of solar components were already taxed…

Cost of Sukkur-Hyderabad Motorway (M-6) revised up by 138%, now set at Rs395 billion

Project forwarded to ECNEC for final approval; government allocates Rs15 billion for the first year of construction, falling short of the estimated…

Government launches National Electric Vehicle Policy 2025–30

Rs. 9 billion in subsidies allocated for the fiscal year to support deployment of 116,053 electric bikes…

Pakistan’s foreign exchange reserves rise to $17.1 billion

SBP reserves up by $46 million, while the rupee continues its decline due to increasing imports and debt repayments…

Textile exports rise 7.37% to $16.36 billion in 11 months of FY2024-25

Knitwear exports increased by 14.46% to $4.56 billion, while bed wear exports surged 10.56% to $2.84 billion compared to last year…

National Highway Authority conducts first-ever auction of 68 toll plazas

Key toll plazas included Jamshoro, Saeedabad, Moro, Kandiaro, Ranipur, Rohri, Sadiqabad, and Ahmedpur East, among others…

OGDCL Discovers Significant Gas Reserves in Sindh

Oil & Gas Development Company Limited (PSX: OGDC) Thursday announced a gas/condensate discovery from the exploratory well Faakir…

Sindh to Give E-Taxis on Easy Installments and Free E-Scooters

The Sindh government has decided to scale up its eco-friendly public transport initiatives by allocating fresh funds for electric vehicle…

Remittances surge to $3.68bn in May, pushing FY25 inflows to nearly $35bn

Worker remittances up 29% in 11 months; May sees 16% monthly jump amid strong inflows from Gulf, UK, and US…

Pakistan moves forward with barter trade mechanism for Iran, refining operational issues

Under the proposed mechanism, amendments will be made to the existing SROs, expanding the list of items eligible for barter trade…

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