On August 26, 2025, the government announced that, effective next month, accidental and low-quality used cars will be banned from entering Pakistan. Simultaneously, a 40% tariff on used cars will be applied to commercial imports of used vehicles. Policy Context & IMF Link This announcement aligns with conditions set by the International Monetary Fund (IMF),…
In a decisive move, Prime Minister Shehbaz Sharif has halted the government’s latest attempt to replace Pakistan’s existing solar net metering system with a gross billing model. This marks the third time such a proposal has been blocked before reaching cabinet approval. Net metering allows solar energy users to sell excess electricity back to the…
Petrol and Diesel prices: The federal government of Pakistan has announced an increase in the petrol price by Rs1.35 per litre, effective from November 1, 2024. This adjustment brings the new price of petrol to Rs248.38 per litre. They have raised the price of high-speed diesel (HSD) by Rs3.85 per litre, setting the new price…
Major Petrol Price Decrease: In a welcome move for consumers, the government has announced a substantial reduction in the prices of petrol and high-speed diesel (HSD). Effective immediately, the price of petrol has been slashed by up to Rs. 15.39 per liter to Rs. 273.10, while HSD sees a reduction of Rs. 7.88 per liter…
In a recent announcement, the government of Pakistan has decided to increase the fees for fast-track passports. This change, effective from May 8th, is significant and is expected to impact many citizens who opt for this service. The fee for a 36-page Machine Readable (MR) passport, valid for five years, has been increased to Rs….
