FBR cuts exporters’ tax rate to 1.25pc, announces Rs361b relief package
ISLAMABAD: The Federal Board of Revenue (FBR) has reduced the tax rate applicable to exporters from 2 per cent to...
Traders filing tax returns after Sept 30 may face Rs25,000 fine
ISLAMABAD: A Rs25,000 penalty has been proposed for traders who file their income tax returns after September 30 under the...
Pakistan wins legal victory against India over basmati rice trademark in Australia
KARACHI: Pakistan has secured a major legal victory in Australia after the Federal Court dismissed an appeal by India’s Agricultural...
PBC chief, Aurangzeb agree to shift focus from economic stability to growth
ISLAMABAD: Pakistan Business Council (PBC) Chairman Ziad Bashir called on Finance Minister Muhammad Aurangzeb to discuss the economic outlook and...
Banks, financial institutions to remain closed for three days
KARACHI: Banks and financial institutions across Pakistan will remain closed for three days this week, from August 14 to August...
Pakistan’s total debt burden nears record Rs84 trillion: SBP
KARACHI: Pakistan’s total debt burden has reached nearly Rs84 trillion, with the country’s overall debt rising by 7.4% year-on-year by...
FBR fails to recover Rs5.62b in taxes from 106 taxpayers
LAHORE: The Federal Board of Revenue has failed to recover Rs5.62 billion in taxes from 106 taxpayers across 14 field...
Faheem Saigol stresses competitive access to Iranian market
LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) Chairman and Lahore Chamber of Commerce and Industry (LCCI) President Faheem-ur-Rehman Saigol...
Neelum-Jhelum project unlikely to generate electricity before 2028
ISLAMABAD: The Neelum-Jhelum Hydropower Project is unlikely to resume electricity generation before 2028, with repair work on the 979-megawatt facility...
Roshan Digital Account inflows rise 52pc to $282m in July
KARACHI: Investment inflows through Roshan Digital Accounts (RDAs) increased by 52% year-on-year to $282 million in July 2026, reflecting stronger...
SBP warns of major risks to Pakistan’s economy despite 4.5pc growth forecast
KARACHI: The State Bank of Pakistan (SBP) has projected that the country’s economic growth will remain between 3.5% and 4.5%...
PM orders three-year independent third-party audit of customs-bonded warehouses
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed relevant authorities to conduct a comprehensive third-party audit of customs bonded warehouses...
Pakistan prepares for IMF review as $1.2b disbursement expected
ISLAMABAD: Pakistan has begun preparations for talks with the International Monetary Fund (IMF) next month, with the country expected to...
Pakistan, Russia seek to deepen economic cooperation
ISLAMABAD: Pakistan and Russia are exploring expanded trade in agricultural machinery, fertilizers, pesticides and livestock vaccines, Pakistan’s government said as...
Pakistan, Japan ink grant agreement for human resource development
ISLAMABAD: Pakistan and Japan here on Tuesday signed a landmark Grant Agreement worth JPY 350 million (US$ 2.2 million) to...
Pakistan seeks greater US investment as reciprocal trade talks advance
KARACHI: Pakistan is seeking greater investment from US companies and financial institutions as it advances negotiations with Washington on a...
PM Shehbaz directs FBR to accelerate tax reforms
ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to further accelerate the implementation of ongoing...
World Bank’s Rs115b Balochistan flood project restructured
QUETTA: The government has restructured a Rs. 115 billion World Bank-funded flood rehabilitation project in Balochistan amid allegations of mismanagement...
BoP set to issue Rs30b shares to Punjab govt in major equity move
LAHORE: The Bank of Punjab (BoP) has just announced a massive financial move. The bank plans to issue up to...
Future belongs to entrepreneurs who embrace AI, biotechnology: President ICCI
ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICCI), Sardar Tahir Mehmood, has called for a fundamental transformation in Pakistan’s...
