The Competition Commission of Pakistan has called out a dozen companies marketing beauty products for deceptive marketing practices including greenwashing. By Nusrat Shaheen.
Economy
Telecom operators agree to block SIMs of tax evaders
By Staff Reporter
ISLAMABAD: Pakistan’s telecom operators have reached an agreement with the Federal Board of Revenue (FBR) to block mobile phone SIMs of individuals who haven’t filed their tax returns, ending a week-long standoff with the tax authorities.
NEPRA adds additional Rs2.83 fuel cost to March electricity consumption
By Staff Reporter
KARACHI: The National Electric Power Regulatory Authority (NEPRA) on Wednesday allowed distribution companies to levy a Rs2.83 per unit additional charge on consumers’ bills for May as part of fuel cost adjustment (FCA) charges.
Pakistan plans pension reforms to cut costs, secure IMF deal
By Staff Reporter
ISLAMABAD: Pakistan plans to introduce pension reforms to reduce its ballooning expenditure and secure a new deal with the International Monetary Fund (IMF), Finance Minister Muhammad Aurangzeb said on Tuesday.
Iran, Pakistan revive gas pipeline project after years of delay
By Staff Reporter
KARACHI: Iran and Pakistan are reviving efforts to complete a long-delayed gas pipeline project, aimed at supplying 750 million to one billion cubic feet per day of natural gas to Pakistan for 25 years.
FBR’s move to block tax non-filers’ SIM cards illegal: telcos
By Staff Reporter
ISLAMABAD: The Cellular Mobile Operators (CMOs) have collectively denounced the Federal Board of Revenue’s (FBR) directive to block over half a million SIM cards, labeling the move as a breach of the Pakistan Telecommunication (Re-Organization) Act 1996 and an illegal action.
PM Sharif expects ‘solid agreements worth billions’ with Saudi Arabia
By Staff Reporter
ISLAMABAD: Pakistan and Saudi Arabia are poised to ink a series of substantial agreements, potentially worth billions, Prime Minister Shehbaz Sharif said on Monday during a banquet honoring a high-level Saudi business delegation in Islamabad.
Telecom regulator refuses to block SIMs of over 500,000 tax non-filers
By Staff Reporter
ISLAMABAD: Pakistan’s telecommunications regulator has refused to comply with a demand by the country’s tax authority to block the mobile phone services of over half a million individuals who failed to file tax returns in 2023.
Ten firms bid for troubled PIA’s majority stake
By Staff Reporter
ISLAMABAD: Pakistan International Airlines Corp. has attracted ten bidders, including tycoon Arif Habib and Gerry’s Group, for a majority stake in the state-owned carrier, according to people familiar with the matter.
Inflation slows to lowest in nearly two years
By Staff Reporter
ISLAMABAD: The inflation rate slowed for the fourth straight month in April, easing to 17.34 percent from a year ago, as record borrowing costs curbed economic growth and domestic demand, data from the statistics office showed on Thursday.