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“Zero Tolerance Policy”: Fruitful Countermeasures Against Power Pilferage, Hoarding, and Smuggling

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Since the initiative represents the leadership’s dedication to upholding the law and safeguarding the nation’s economy, the Government of Pakistan’s “zero tolerance policy” has begun to bear fruit.

The policy steps against smuggling, hoarding, and electricity pilfering, according to a statement, are intended to break up illicit networks, stabilize markets, and guarantee the availability of necessities at fair prices.

Many arrests and billions of rupees in recoveries have been made as a result of the regulations, which are enforced starting September 1, 2023, with support from the Special Investment and Facilitation Council.”

Three thousand and twenty-nine metric tonnes of illegal fertilizer movement have been stopped during anti-smuggling operations.

As part of their efforts to stop the smuggling of necessities, authorities also apprehended 361 metric tons of wheat and flour from smugglers.

The illicit sugar profiteering was stopped during the course of the last eleven months thanks to the seizure of 34,731 metric tonnes of sugar.

With the seizure of 149,710 rolls of fabric, the illicit textile market was pushed back.

Additionally, 7 million liters of Iranian oil were seized as a result of the smuggling crackdown, which helped to stabilize the fuel market.

Authorities have guaranteed farmers’ access to 43,644 metric tons of fertilizer that they had taken from hoarders since September 2023.

Parallel to this, hoarding led to the recovery of 2,505 metric tons of wheat, 57,051 metric tonnes of ghee, and 10,907 metric tonnes of sugar from market price manipulators.

Over 83,295 power thieves were detained by law enforcement agencies, which also recovered Rs 104 billion from those involved in power theft, totaling 173,212 feces against those implicated.

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The total amount of Pakistan’s liquid foreign reserves is $15.95 billion.

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As of February 14, Pakistan’s total liquid foreign reserves were $15,947.9 million, with the State Bank of Pakistan’s (SBP) holdings being $11,201.5 million.

Official figures for the week ending February 14, 2025, show that the central bank’s liquid foreign exchange reserves rose by $35 million to $11,201.5 million.

Commercial banks maintained net foreign reserves of $4,746.4 million during the period under review, according to the breakdown of foreign reserves.

The nation’s total liquid foreign reserves as of the week ending February 07, 2025, were $15,862.6 million.

Of these, the central bank held $11,166.6 million in foreign reserves, while commercial banks kept $4,696 million in net reserves.

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In January 2025, RDA inflows reach 9.564 billion USD.

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Remittances under the Roshan Digital Account (RDA) increased from US $9.342 billion at the end of 2024 to US $9.564 billion by the end of January 2025.

The most recent data issued by the State Bank of Pakistan (SBP) revealed that remittance inflows in January totaled US$222 million, compared to US$203 million in December and US$186 million in November 2024.

Millions of Non-Resident Pakistanis (NRPs), including those who own a Non-Resident Pakistan Origin Card (POC), desire to engage in banking, payment, and investing activities in Pakistan using these accounts, which offer cutting-edge banking options.

Nearly 778,697 accounts were registered under the scheme by the end of January 2025, according to the data.

By the end of January, foreign-born Pakistanis had contributed US $59 million to Roshan Equity Investment, US $479 million to Naya Pakistan Certificates, and US $799 to Naya Pakistan Islamic Certificates.

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FBR lowers Karachi’s built-up structure property valuation rates

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A year-by-year breakdown of the depreciation value of residential and commercial built-up properties is included in the updated property valuation rates for Karachi that the FBR has announced.

The notification said that built-up structural values on residential property will be gradually reduced.

A residential home’s built-up structure, which is five to ten years old, will lose five percent of its worth.

In a similar vein, constructions between the ages of 10 and 15 will lose 7.5% of their value, while those between the ages of 15 and 25 would lose 10%. Built-up structures that are more than 25 years old will be valued similarly to an open plot.

Furthermore, age will also be used to lower the valuation of built-up properties, such as apartments and flats.

Structures that are five to ten years old will depreciate by ten percent, while those that are ten to twenty years old will depreciate by twenty percent. A 30% depreciation will be applied to properties that are 20 to 30 years old, while a 50% reduction will be applied to those that are above 30 years old.

In terms of commercial built-up properties, buildings that are 10 to 15 years old will lose 5% of their value, while those that are 15 to 25 years old will lose 8%. The value of properties that are more than 25 years old will drop by 10%.

In contrast, there would be a 15% boost in the value of commercial properties in the Defence Housing Authority (DHA) that face any Khayaban.

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