In a major decision, Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to resume publication of the taxpayers’ directory after a five-year gap, aimed at recognising and honouring responsible taxpayers. The PM directed FBR Chairman Rashid Mahmood Langrial to finalise the directory within a week so it could be tabled at the upcoming cabinet meeting for formal approval
The Public Sector Development Programme (PSDP) has had a sluggish start this fiscal year, with only Rs5.3 billion spent in the first two months, a mere 0.5 per cent of the Rs1 trillion allocated for the year. This slow pace of expenditure, despite the closure of hundreds of projects to focus on strategic ones, raises concerns about the timely completion of vital infrastructure and social develo
The Water and Power Development Authority is set to start RCC work on the Diamer-Bhasha dam early next year, according to a statement released on Tuesday. “The under-construction Diamer-Bhasha Dam project is all set to achieve yet another milestone as roller-compact-concrete (RCC) work of the main dam will commence in early 2026 after completion of trials and excavation work on abutment and
In a significant development for Pakistan’s organised auto sector, Yamaha Motor Pakistan Ltd (YMPL) has announced the discontinuation of its motorcycle assembly operations. The decision comes as part of a change in the company’s business strategy. According to a letter posted on the company’s website and sent to its authorised dealers, Yamaha will continue to supply spare parts through its auth
The Competition Commission of Pakistan (CCP) has approved the acquisition of a shareholding in Heavy Electrical Complex (Private) Ltd by DW Pakistan (Pvt) Ltd from IMS Engineering (Pvt) Ltd, under a share purchase agreement. DW Pakistan, a conglomerate involved in investment and acquisitions across various sectors, is not currently active in manufacturing, engineering, or energy markets.