Pakistan Establishes 13 New Incubation Centers to Accelerate Startup Growth
The Ministry of Information Technology and Telecommunication (MoITT) and the Punjab Information Technology Board (PITB) have established 13 National Incubation Centers (NICs) across Pakistan under the National Expansion Plan (NEP), according to an official document. The initiative aims to expand incubation facilities to
Government Mulls Tax Cuts to Curb Brain Drain and Retain Businesses in Pakistan
Prime Minister Shehbaz Sharif has directed officials to examine whether high income and sales tax rates can be reduced to stop companies and skilled workers from leaving Pakistan. The move comes despite heavy taxation already in place and a revenue shortfall of Rs.
Pakistan Strengthens Debt Sustainability with Lower Debt-to-GDP Ratio and Early Repayments: Ministry of Finance
The Ministry of Finance (MoF) on Tuesday said Pakistan’s debt management strategy remains focused on reducing the debt-to-GDP ratio, cutting refinancing risks, and saving interest costs to ensure long-term fiscal stability. In a statement, the ministry dismissed concerns over the absolute size of
Government Proposes Amendments to PERA Act to Strengthen Foreign Investment Protections
The government is planning significant amendments to the Protection of Economic Reform Act (PERA) 1992, aiming to provide robust protection for foreign exchange remitted from abroad when invested in Pakistan’s industrial sector. The proposed changes are part of the draft Industrial Policy, which
