Year: 2026

IMF Proposes GST Hike to 19%; Solar Panels and Electric Vehicles May Become Costlier

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ISLAMABAD: The International Monetary Fund (IMF) has proposed increasing Pakistan’s standard General Sales Tax (GST) rate from 18 percent to 19 percent in the Federal Budget 2026-27 as part of efforts to boost tax revenues and address persistent revenue shortfalls. However, Pakistani authorities have strongly opposed the proposal, arguing that an increase in GST would fuel inflation and place an additional burden on consumers already struggling with rising living costs. According to sources, the IMF has recommended the one-percent GST increase to help the government achieve a tax revenue target…

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Protected Electricity Consumers to Continue Receiving Subsidies, Says Awais Leghari

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ISLAMABAD: Federal Minister for Energy (Power Division) Awais Leghari has clarified that the government is not abolishing electricity subsidies for protected consumers, dismissing reports suggesting otherwise as misleading and contrary to facts. Speaking on the government’s ongoing power sector reforms, the minister said that the number of protected consumers has increased significantly over the past four years, rising from 9.5 million to 21.5 million. Currently, around 29.57 million domestic consumers—representing nearly 86 percent of total household electricity users—are receiving subsidized electricity. Leghari noted that the volume of electricity subsidies has…

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Govt rejects reports of ending electricity subsidy for protected consumers

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Issue 1: Is the Government Removing Subsidies for Protected Consumers? Claim: The Government Will Remove Subsidies for Low-Usage Consumers This claim is false. Not only is the subsidy not being removed — it has actually grown significantly. Key Facts: Indicator Figure Protected consumers in FY 2022 9.5 million Protected consumers today (2026) 21.5 million Total residential consumers 34.2 million Subsidized residential consumers 29.57 million (86%) Annual subsidy — FY 2022 PKR 199 billion Annual subsidy — FY 2025–26 (protected category) PKR 423 billion Total subsidy (Residential + Agriculture) PKR 527…

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EMPOWER SPORTS ACADEMY AND PRIME MINISTER’S YOUTH PROGRAMMEANNOUNCE 3RD NATIONAL EMPOWER GIRLS TOURNAMENT 2026

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Pakistan’s Premier Girls Sports Tournament Expands to Four Disciplines in Landmark Partnership with Federal Government KARACHI, Pakistan, May 2026 — Empower Sports Academy, Pakistan’s leading non-profit dedicated to empowering girls through sport, announced here today at Governor House, the 3rd National Empower Girls Tournament 2026, held in partnership with the Prime Minister’s Youth Programme (PMYP). The tournament will feature competition across four disciplines: Volleyball, Badminton, Taekwondo, and Athletics — including the 100m, 200m, 400m, Javelin Throw, and Discus events. The event was well-attended by leading media houses, corporate partners, sports…

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Why Businesses Are Switching to Hybrid Solar Systems

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In today’s rapidly changing energy landscape, businesses are facing increasing challenges related to rising electricity costs, power shortages, and the need for uninterrupted operations. To overcome these challenges, many commercial and industrial sectors are now shifting toward hybrid solar systems as a reliable and cost-effective energy solution. A hybrid solar system combines solar panels, battery storage, and grid connectivity into one intelligent system. Unlike traditional on-grid systems, hybrid solutions provide greater flexibility by storing excess solar energy in batteries for later use. This ensures continuous power availability even during grid…

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