Tax exemptions granted to over 50 entities, including Fauji Foundation, Army Welfare Trust

ISLAMABAD: Pakistan's state-owned enterprises (SOEs) continue to bleed financially, with total accumulated losses and unfunded pension liabilities now crossing Rs7.5...

Weekly inflation eases by 0.18pc in Pakistan

ISLAMABAD: The weekly inflation, measured by the Sensitive Price Indicator (SPI), decreased by 0.18 percent for the combined consumption groups...

Pakistan tops global emerging markets in default risk reduction

NEW YORK: Pakistan has emerged as a leading economy among the emerging markets globally, according to a report by Bloomberg....

FILE PHOTO: Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson

Pakistan’s shipping set for $700m growth

KARACHI: The Pakistan National Shipping Corporation (PNSC) is poised to earn a whopping $700 million in freight earnings over the...

FBR starts targeted crackdown on solar energy sector for tax compliance

ISLAMABAD: The Federal Board of Revenue (FBR) has initiated a targeted monitoring campaign, deploying its officers to oversee the sales...

Karachi LTO recovers Rs31b by attaching bank accounts of defauters

KARACHI: The Large Taxpayers Office (LTO) Karachi has recovered a record-breaking Rs31 billion in outstanding taxes by freezing the bank...

SBP declares bank holiday on July 1

KARACHI: The State Bank of Pakistan (SBP) has announced that all banks across the country, including its own offices, will...

Govt committed to maintaining financial discipline with balanced decisions: Dar

ISLAMABAD: Deputy Prime Minister, Foreign Minister Senator Ishaq Dar underscored the government’s commitment to taking balanced decisions that maintain financial...

FBR fixes minimum retail price of cement for sales tax calculation

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a new notification (S.R.O. 1126(I)/2025) dated June 27, 2025, to fix...

Cash withdrawal restrictions under Section 114C primarily target individuals

ISLAMABAD: Under the latest amendments to Section 114C of the Income Tax Ordinance, restrictions on cash withdrawals from bank accounts...

FBR accused of “unprecedented negligence” as Anomalies Committee members protest

ISLAMABAD: A serious controversy has erupted over the Federal Board of Revenue’s (FBR) conduct, with Ehsan Malik, Chairman of the...

New customs tariff slabs to take effect from July 1, 2025

LAHORE: In a sweeping overhaul of the import duty regime, the government has revised Customs laws through amended Finance Bill,...

Rana Ihsaan assures full support for NTC modernization, digitization

ISLAMABAD: Coordinator to the Prime Minister on Commerce Rana Ihsaan Afzal assured full support for equipping the National Tariff Commission...

Advisor welcomes PBA support for govt. reforms, federal budget

ISLAMABAD: Advisor to the Finance Minister Khurram Schehzad welcomed and thanked the Pakistan Banks Association (PBA) for their strong and...

SCCI hosts e-commerce seminar to empower youth

SIALKOT: In a significant step toward fostering digital entrepreneurship, the Sialkot Chamber of Commerce and Industry (SCCI) on Friday hosted...

World Bank reaffirms longstanding support for Pakistan’s economic agenda: Ahad Cheema

WASHINGTON: Minister for Economic Affairs Ahad Khan Cheema held high-level discussions with World Bank leadership during his official visit to...

Punjab Assembly passes Rs5.33 trillion tax-free Budget for FY2025-26

LAHORE: The Punjab Assembly on Thursday formally approved a substantial tax-free budget of Rs5.335 trillion for the upcoming fiscal year...

SBP announces extended banking hours for fiscal year-end tax collection

KARACHI: The State Bank of Pakistan (SBP) has announced a special banking schedule for the upcoming fiscal year-end, aimed at...

FBR establishes special facilitation desks for overseas Pakistanis