Tue 21st April 2026
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FBR reprimanded over ‘coercive’ super tax recovery, FTO orders suspension
ISLAMABAD: In a significant development, the Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to halt...
PBC urges FBR to withdraw default surcharge notices on super tax
ISLAMABAD: The Pakistan Business Council has called on the Federal Board of Revenue to immediately withdraw what it termed “illegal”...
Tax audit recoveries surge 110pc in FY2024-25: FBR
ISLAMABAD: Income tax recoveries through audit proceedings jumped by 110% in fiscal year 2024-25, signaling stronger enforcement and improved audit...
Pakistan returns $2b to UAE, confirms State Bank of Pakistan
KARACHI: The State Bank of Pakistan (SBP) has confirmed that the government has repaid $2 billion to the United Arab...
Electricity price may rise as Discos seek extra fuel cost charge
ISLAMABAD: Electricity consumers may face higher power bills starting in May, as power distribution companies have requested the national energy...
FBR suspends six customs officers in silver swap case, launches criminal probe
ISLAMABAD: The Federal Board of Revenue (FBR) has taken major action in the ongoing silver swap case, suspending several customs...
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Pakistan’s shipping activity remains uninterrupted despite Hormuz tensions
KARACHI: Shipping activity in Pakistan has remained uninterrupted despite tensions in the Strait of Hormuz, with oil tankers continuing to...
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Pakistan upsizes Eurobond issuance to $750m amid ‘strong investor demand’
ISLAMABAD: The federal government has upsized its Eurobond issuance to $750 million, with an additional $250 million placed with global...
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Power demand rises as heat intensifies; LNG cargoes sought to avert load-shedding
ISLAMABAD: As temperatures climb across the country, electricity demand has surged, prompting the Power Division to request four Liquified Natural...
Imported phones taxed at 54%, locally assembled devices at 25%, NA committee told
ISLAMABAD: The National Assembly Standing Committee on Finance has raised concerns over the high tax burden on mobile phones and...
KP govt database allegedly leaked on dark web
PESHAWAR: A database allegedly linked to a Khyber Pakhtunkhwa government website has been shared on the dark web, raising concerns...
KPRA collects Rs38.8b in Jul–Mar, sales tax on services rises 21pc
PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) recorded a 21% increase in sales tax on services during the first nine months...
PFC welcomes easing of shipping costs, expects relief in trade pressures
LAHORE: The Pakistan Furniture Council has expressed cautious optimism over the expected easing of shipping and freight costs following improvements...
ICCI-CDA join hands to uplift the city
ISLAMABAD: The newly appointed Chief Commissioner Islamabad and Chairman of the Capital Development Authority (CDA), Lt. (R) Sohail Ashraf, has...
ICCI President warns of economic slowdown due to restrictive policies
ISLAMABAD: President Islamabad Chamber of Commerce and Industry, Sardar Tahir Mehmood has expressed grave concern over the escalating challenges faced...
Special business passport on cards to ease investment flow: Naqvi
ISLAMABAD: Federal Interior Minister Mohsin Naqvi indicated that the government is considering issuing special passports for members of the business...
Ethiopian Airlines plans direct Lahore flights to boost trade, connectivity
LAHORE: Ethiopia’s Ambassador to Pakistan, Dr Oumer Hussein Oba, informed Commerce Minister Jam Kamal Khan that Ethiopian Airlines is planning...
Electricity price may rise as Discos seek extra fuel cost charge
ISLAMABAD: Electricity consumers may face higher power bills starting in May, as power distribution companies have requested the national energy...
ZLK Islamic Financial Services Engages with Turkish Ambassador
ISLAMABAD: Zahid Latif Khan, Chairman of ZLK Islamic Financial Services (Pvt.) Limited, along with Mr. Muhammad Abdullah Khan, Business Executive...
CCP authorizes acquisition of Pakistani aircraft maintenance firm by UAE-based FZE
ISLAMABAD: The Competition Commission of Pakistan (CCP) has authorized the acquisition of a shareholding in M/s. Northern Technik (Private) Limited...
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