Provincial governments of Punjab and Sindh have expressed reservations regarding the federal government’s proposal for a Rs200 billion fuel subsidy, advocating instead for the direct pass-through of rising international petroleum prices to end consumers.

The federal government has reduced allocations under the Public Sector Development Programme (PSDP) by Rs100 billion to finance fuel subsidies, as reported by The Express Tribune.

A delegation from Foodpanda Pakistan held a meeting with Moazzam Iqbal Sipra, Chairperson of the Punjab Revenue Authority, to explore measures aimed at enhancing tax compliance within Punjab’s digital food services sector.

Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue, has directed tax and customs authorities in Karachi to expedite the resolution of business-related grievances raised by the local business community.

In an effort to enhance fiscal discipline and reduce public expenditure, the Government of Punjab has decided to eliminate board fees for members serving across government, semi-government, and autonomous institutions.

The Government of Pakistan is currently evaluating the introduction of an optional multi-tariff Time-of-Use (ToU) framework aimed at reducing electricity costs and enhancing operational efficiency for industrial consumers.

The State Bank of Pakistan has revoked the licences and authorisations of Dream Exchange (Private) Limited and Al Raj International Exchange Company (Private) Limited following the identification of significant violations of applicable regulatory requirements.

The State Bank of Pakistan has introduced revisions to the eligibility framework governing investment in Naya Pakistan Certificates, thereby broadening participation for non-resident individuals and entities under an updated regulatory regime.