FBR rejects all leave requests ahead of FY26 Budget presentation

ISLAMABAD: The Federal Board of Revenue (FBR) has reportedly finalized the Finance Bill for the fiscal year 2025-26, with expectations...

PCDMA expresses concern over FBR’s new sales tax return requirement

ISLAMABAD: The Pakistan Chemical & Dyes Merchants Association (PCDMA) has raised significant concerns regarding the difficulties currently faced by traders...

PFA launches sweeping crackdown against adulteration mafia

LAHORE: Punjab Food Authority (PFA) launched a sweeping crackdown on the adulteration mafia to ensure the safety of food and...

Aurangzeb chairs meeting on country’s digital asset legislation

ISLAMABAD: Finance Minister Muhammad Aurangzeb has called for swiftly finalizing and operationalizing the draft framework to provide legal certainty, and...

WB updates int’l poverty lines based on ‘purchasing power parity’

ISLAMABAD: The World Bank updated its international poverty lines as part of a routine global revision to reflect evolving price...

Govt mulls multiple proposals to raise salaries in upcoming budget

ISLAMABAD: The federal government is reviewing four different proposals to increase salaries and pensions in the upcoming budget for fiscal...

NEC approves Rs1,000b development budget, sets 4.2pc GDP growth target for new fiscal year

ISLAMABAD: The National Economic Council (NEC) has approved a federal development budget of Rs 1,000 billion for the upcoming fiscal...

Budget 2025-26: Relief, reform or repeat?

LAHORE: As Pakistan’s coalition government gears up to unveil the federal budget 2025-26 in mid-June According to credible sources inside...

LCCI for resolving problems of industries in Saggian area

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) raised concerns about the plight of industrial units operating in Saggian Lahore...

CCP cracks down on collusion in fertilizer sector, imposes Rs 375 million in fines

ISLAMABAD: The Competition Commission of Pakistan (CCP) has crack down on collusion in fertilizer sector, imposed Rs 375 million in...

Pakistan’s trade deficit grows to $24b in less than a year amid surging imports

KARACHI: Data released by the Pakistan Bureau of Statistics (PBS) on Wednesday showed that the country's trade deficit has widened...

FBR reschuffles 10 appraising officers of BS-16-17 to different stations

ISLAMABAD: Federal Board of Revenue (FBR) issued notification for transfer and postings of 10 officials of Pakistan Customs Service (PCS)...

IMF urges Pakistan to phase out tax breaks for tech, industrial zones

KARACHI: The International Monetary Fund (IMF) has called on the Pakistani government to gradually phase out tax incentives currently offered...

Rs325b in annual tax evasion uncovered in Pakistan’s cigarette sector

ISLAMABAD: An estimated Rs570 billion in tax could be collected from the cigarette industry annually, according to the Pakistan Tobacco...

IMF pushes for Agri Tax enforcement; opposes power & gas subsidies

ISLAMABAD: The International Monetary Fund (IMF) has strongly reiterated its demand for strict adherence to loan program requirements for Pakistan,...

Commerce minister vows full support for pharma sector, announces establishment of export council