News

World Bank suggests ‘National Council of Ministers’

High­lig­hting ‘incomplete devolution’ and institutional weaknesses as key development and governance challenges and pinning little hopes on technocratic government, the World Bank has advised Pakistan to create a ‘National Council of Ministers’ — comprising key federal and provincial representatives — to fill the vacuum for simultaneous and coordinated strengthening of poorly performing federal a

FBR set to roll out new system to check sugar smuggling, tax evasion

After the failure of the Track and Trace System (TTS) laun­ched in 2021, the Federal Board of Revenue has rolled out a new software-based sales tracking system to monitor the movement of sugar from mills to the consumer market to control tax evasion in the industry. The FBR is currently in the testing phase of the cutting-edge software na­m­ed the “Sales Tracking Sys­tem” and the official launc

Balancing the scales

PAKISTAN has taken a significant step in addressing the pressing challenges of climate change through its pioneering National Adaptation Plan (NAP). This comprehensive strategy, developed through collaborative efforts involving government bodies, civil society, and agencies, is designed to empower communities grappling with the impacts of climate change. The NAP recognises the critical interpla

SNGPL imposes Rs55m in fines over gas pilferage in Punjab, KP

Sui Northern Gas Pipelines Limited (SNGPL) teams have disconnected 7,187 connections — 7,144 domestic and 43 commercial — in several operations from September 8 to date in Punjab and Khyber Pakhtunkhwa due to gas pilferage and other complaints. The company imposing heavy fines totalling Rs55.2 million, according to an SNGPL spokesperson. “Over the past 17 days, we have disconnected a total o

Stocks rally after ECP election announcement

Bulls took over the trading floor of the Pakistan Stock Exch­ange on Thursday following the announcement by the Election Commission of Pakistan (ECP) regarding the date of the next general election. Topline Securities said share prices experienced a surge amid bullish sentiments attributed to the ECP statement. The development “significantly boosted” the investors’ confidence and led to a “rema