Pakistan’s pharmaceutical poised for U.S. market gains
Tariffs on India, deregulation boost industry; Citi Pharma eyes American expansion Pakistan’s pharmaceutical exports surged 34% to an all-time high of $457 million in fiscal year 2025, and analysts say U.S. tariffs on Indian competitors could open the door for even stronger growth ahead. The milestone, up from $341 million in FY24 and $328 million […]
Pakistan Plans to Scrap Rs35 Monthly PTV Fee From Power Bills
Monthly Rs35 PTV fee to be dropped amid soaring electricity costs Pakistan’s federal government is poised to scrap the controversial Rs35 monthly fee for state-run Pakistan Television (PTV) from electricity bills, offering long-overdue relief to more than 40 million consumers amid a surge in energy costs, according to a senior official with direct knowledge of […]
Under Pressure, ‘The Nation’ Pulls Ahsan Iqbal Award Story After ICESCO Denial
Global organization denies existence of such award, calls media claims inaccurate ISLAMABAD: The Nation newspaper on Friday quietly pulled a news story about Federal Minister Ahsan Iqbal from its website, following government pressure, after the Islamic World Educational, Scientific and Cultural Organization (ICESCO) publicly denied awarding him a “Lifetime Achievement Award.” The retraction comes after […]
K-Electric Maps $2 Billion Investment Plan, Targets 30% Renewables by 2030
K-Electric Ltd., Pakistan’s only vertically integrated power utility, outlined an ambitious $2 billion investment roadmap through 2030 at a corporate briefing on Monday, leveraging a newly approved multi-year tariff to modernize Karachi’s aging energy infrastructure and ramp up renewable power generation. The company, which serves over 3.4 million customers in Karachi and surrounding areas, said […]
Pakistan Cuts LPG Prices 1.88% for June as Global Benchmark Falls
Pakistan slashed liquefied petroleum gas (LPG) prices by 1.88 per cent for June 2025, citing a drop in international rates, the Oil and Gas Regulatory Authority said Saturday. The government-revised price stands at Rs240.54 per kilogram, down Rs4.62 from Rs245.16/kg in May, according to an OGRA notification. The price cut reflects a 2.61 per cent […]
NEPRA chief rebuffs power minister’s remarks on K-Electric: ‘We’ve given our decision, now it’s up to the minister’
ISLAMABAD — NEPRA Chairman Waseem Mukhtar on Thursday dismissed federal Power Minister Awais Leghari’s criticism of K-Electric’s tariff determination, stating bluntly during a public hearing, the decision is final, “We’ve given our decision, now it’s up to the minister to respond.” The remarks came amid a heated discussion during the monthly fuel charges adjustment (FCA) […]
Power Minister Slams KE Ruling, But Govt May Backtrack Amid Saudi Concerns
Pakistan’s Energy Minister has publicly criticized recent regulatory decisions on K-Electric’s licenses, warning of long-term risks to investment and subsidy frameworks—yet sources say the government may quietly reverse its stance amid pressure from influential quarters and concerns over Saudi-linked investment in the utility. In a post on X (formerly Twitter), Energy Minister Owais Ahmad Khan […]
Pakistan to Hike Taxes on Luxury Cars in Budget FY26
New budget targets auto elite, spares hybrids amid pressure from Tokyo Pakistan is set to impose steeper withholding taxes on a wide range of luxury vehicles in its upcoming 2025-26 budget, part of a broader revenue-boosting push to meet International Monetary Fund (IMF) benchmarks — even as it moves carefully to accommodate Japanese pressure on […]
Pakistan Pushes PIA Bid Deadline to June 19
Pakistan has extended the deadline for submitting Expressions of Interest (EoIs) to acquire Pakistan International Airlines Corp. Ltd. (PIACL) by two weeks to June 19, 2025, as the government seeks to attract more strategic investors and close the long-delayed privatization of its debt-laden national carrier, an official told The Newser. The extension — pushed from […]
Pakistani Businesses Fleeing to Dubai Amid Soaring Levies, FBR Confirms.
Senators warn of capital flight, urge reforms as penalties rise and enforcement tightens Pakistan’s top tax authority confirmed that a growing number of businesses are shifting operations to Dubai to escape high tax burdens, a revelation that alarmed lawmakers and renewed calls for urgent reform to stem capital flight. Hamid Attique Sarwar, Member Inland Revenue […]
