The National Electric Power Regulatory Authority (Nepra) approved a rate increase of Rs1.95 per unit of electricity on Friday, allowing power distribution companies to recoup a total of Rs30.4 billion in revenue from electricity users.
When it comes to boosting taxes and increasing energy tariffs, Pakistan and the International Monetary Fund (IMF) are still attempting a 'give and take' approach in the final round of technical-level discussions to get the $6 billion Extended Fund Facility (EFF) back on track.
As a result of the sharp increase in worldwide cotton prices, the price of cotton in Pakistan has risen to an all-time high of Rs15,500 per 40 kg, causing a new wave of fear in the country's textile industry.
As a result, the State Bank of Pakistan (SBP) has put yet another limitation on people who wish to purchase dollars from the open market, making biometric authentication mandatory for those who wish to purchase $500 or more from the open market. The dollar, on the other hand, reached a new high of Rs171 on Wednesday, setting a new record for the currency.
On Tuesday, a Senate panel recommended that the government fire tax collectors who had issued exorbitant tax demands and then rejected taxpayers' appeals because they were under pressure from the Federal Board of Revenue (FBR) headquarters.
The Central Depository Company (CDC) of Pakistan has significantly decreased the basic rate for its key depository services in order to make it more accessible to participants in the country's capital markets.