Finance Minister visits FBR headquarters, commends historic revenue achievement

ISLAMABAD: Atif Ikram Sheikh, President FPCCI, has apprised that the Small and Medium Enterprises Development Authority (SMEDA) and the Federation...

FBR reduces regulatory duty on imported SUVs, ATVs

ISLAMABAD: The Federal Board of Revenue (FBR) has significantly reduced the regulatory duty on imported Sport Utility Vehicles (SUVs) and...

Customs Valuation revises import values for perfumes & colognes vide VR No2094/2026

KARACHI: The Directorate General of Customs Valuation has notified Valuation Ruling No. 2094/2026, replacing the earlier Valuation Ruling No. 1840/2024...

Pakistan’s annual inflation eases to 11.1pc in June, says PBS

ISLAMABAD: Pakistan’s annual inflation eased to 11.1 per cent in June from 11.7 per cent in May, while prices declined...

FBR collects Rs13.6 trillion in taxes during FY2025-26

ISLAMABAD: Federal Board of Revenue collected a total of Rs13,601 billion in taxes during fiscal year 2025-26, while refunds amounting...

Govt increases tax on restaurant card payments

ISLAMABAD: Customers dining at restaurants across Pakistan will now pay revised tax rates following a new government directive that took...

Pakistan repays $1.3b external debt: SBP

KARACHI: The State Bank of Pakistan (SBP) reported that the country has repaid a heavy external debt of $1.3 billion....

FBR enforces Rs25,000 surcharge payment for individuals from July 1

ISLAMABAD: The Federal Board of Revenue (FBR) has updated its IRIS portal to enforce the newly introduced Rs. 25,000 Active...

Pakistan secures $700m ADB loan for insurance, financial sector reforms

ISLAMABAD: Pakistan and the Asian Development Bank (ADB) signed a $700 million policy-based loan agreement on Monday aimed at strengthening...

World Bank urges fiscal reforms to strengthen service delivery, stability in Pakistan

ISLAMABAD: Pakistan needs to strengthen the way financial resources are shared between the federal, provincial and local governments to maintain...

KCCI raises alarm as Cotton Exchange shutdown disrupts 209 businesses

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has voiced serious concern over the continued sealing and alleged forceful...

SECP reforms leads to 1,374pc surge in third-party motor insurance in Sindh

ISLAMABAD: The Securities and Exchange Commission of Pakistan’s (SECP) reforms to enforce third party motor insurance have increased third-party motor...

Pakistan notifies Finance Act 2026-27 ahead of July 1 budget rollout

ISLAMABAD: The federal government has issued the gazette notification for the Finance Act 2026-27, paving the way for the implementation...

World’s largest container ships arrive at Karachi Port as capacity expands

KARACHI: Karachi Port has achieved another major milestone as one of the world’s largest container vessels, MSC Loreto, arrived at...

Customs Enforcement destroys contraband, hazardous goods worth Rs1.18b