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KARACHI -The National Savings Centre will hold the quarterly Draw of Rs 1500 prize bond today the May 2025. Prize bonds in Pakistan have been identified to offer an extremely popular investment and saving avenue offered by the government through the National Savings Division. They present great opportunities to win cash prizes risk-free of the principal amount. Available in different …

Tandoor owners throughout Pakistan have sent a clear message to raise the price of naan and roti due to a great increase in flour costs. The Naanbai Association has reported that the price of a 79kg sack of red flour has gone up from Rs 5,250 to Rs 5,750, and transport costs add to it to Rs 5,850. Similarly, the …

Islamabad, May 14, 2025 — The Federal government is all set to slash down the petrol and diesel prices for the second half of May 2025, as relief to consumers following the trending current oil prices worldwide. Reduction in Petrol & Diesel Prices The Oil and Gas Regulatory Authority is planning a summary to reduce the prices of petrol and …

State Bank of Pakistan (SBP) said Wednesday it had received its second instalment of $1.023 billion from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) program. “SBP has drawn the second instalment of SDR 760 million (US$ 1,023 million) from the IMF under the EFF program. The amount will be reflected in SBP’s foreign exchange reserves for …

Karachi, May 13, 2025 — Islamabad and Russia have agreed to jointly set up a world-class steel mill in Karachi, a revival of economic relations between the two countries. The move follows wider mutual discussions for the improvement of trade and infrastructure cooperation. Official sources state that the proposed steel mill is to be constructed on the basis of to …

In a big relief to rescue Pakistan’s agriculture sector, the Punjab government has announced a subsidy of Rs. 5000 per acre (600,000 wheat farmers across Punjab province). This program, started under the government’s Kisan package, is likely to benefit the cultivation of wheat on more than 4 million acres. Subsidy For Farmers Announced By Government “The Punjab Chief Minister, Maryam …

The Pakistan Super League (PSL) is officially back on track after the days of tensions. The PSL X will resume on May 17, as confirmed by the PCB Chairman Mohsin Naqvi. By putting an end to rising assumptions over the forthcoming of this landmark tenth edition. PSL X, which had reached a critical stage before being suspended, was paused due …

The Federal Board of Revenue (FBR) has prepared different proposals, one of which includes raising withholding taxes on online buying and selling platforms during the next fiscal year’s budget. Higher Tax on Online Buying and Selling Platforms Sources say FBR will present these applications before the visiting International Monetary Fund team, which starts consultations tomorrow to conclude next year’s budget. …

The Punjab government is organizing to launch probability studies for major infrastructure development in Rawalpindi, including a flyover and underpass, a flyover on IJ Principal Road, and underpasses at Chandani Chowk and Marrir Chowk. Construction Of Flyover and Underpass in Rawalpindi In the Annual Development Program for the fiscal year 2025–26, these project are expected to be added. The applications …

In income tax rates through different blocks for the salaried class in the upcoming budget, the federal government has planned up to a 10% tax relief. Approval is subject to the International Monetary Fund (IMF) in discussions starting this week. 10% Tax Relief Proposed for Salaried Workers In FY26 benefit of approximately Rs. 50 billion relief is expected to be …