Pakistan exports 147,000 litres of furnace oil in May 2025

ISLAMABAD: The government of Pakistan has issued directives to the Federal Board of Revenue (FBR) not to increase taxes and...

FBR & banks partner for data exchange to curb tax evasion

ISLAMABAD: In a significant move aimed at curbing tax evasion and enhancing revenue collection, the Federal Board of Revenue (FBR)...

Digital payments surge as mobile apps and Raast drive growth in third quarter

KARACHI: The State Bank of Pakistan (SBP) has reported continued growth in the country’s digital payment landscape, with a 12%...

Revised finance bill 2025-26: No tax on salaries up to Rs600,000, new slabs introduced

ISLAMABAD: Under the amended finance bill for fiscal year 2025-26, individuals earning up to Rs600,000 annually will be exempt from...

Supplying goods without tax invoice to be treated as tax fraud

ISLAMABAD: The federal government has proposed a major amendment to the Finance Bill 2025, redefining the scope of tax fraud...

Pakistan witnesses historic 55pc surge in voluntary tax payments

ISLAMABAD: In a remarkable transformation of its tax landscape, Pakistan has recorded an unprecedented 55% annual surge in voluntary tax...

Komatsu to set up subsidiary to support Barrick’s Reko Diq mining project with $440 million equipment deal

ISLAMABAD: Barrick Gold Corporation and Japan’s Komatsu have signed a $440 million agreement to supply mining equipment for Pakistan’s Reko...

Banks Association backs federal budget, highlights banking sector’s role in reforms

LAHORE: The Pakistan Banks Association (PBA) has extended its full support to the federal budget for FY2025–26, terming it a...

China agrees to reschedule $1.8b in loans to support Pakistan’s financing needs

KARACHI: China has agreed to reschedule Pakistan’s $1.8 billion concessional loans and preferential buyer credit to help meet the foreign...

Punjab to start collecting ‘Garbage Tax’ from July 1 under ‘Suthra Punjab’ project

LAHORE: The Punjab government is set to commence the collection of a new ‘garbage tax’ from July 1, 2025, across...

Sindh Assembly passes Rs3,450bn budget for FY 2025-26

KARACHI: The Sindh Assembly has approved a Rs3,450 billion budget for the fiscal year 2025-26, along with the Finance Amendment...

Supreme Court declares registration of FIRs against taxpayers unconstitutional

ISLAMABAD: The Supreme Court (SC) on Wednesday declared the registration of FIRs and arrests of taxpayers unconstitutional. The court stated...

WB approves $194m to support education, water projects in Balochistan

ISLAMABAD: The World Bank Board (WB) has approved $194 million for two projects to enhance educational opportunities for children and...

FBR redrafts tax officials’ arrest powers, introduces safeguards for NA approval

ISLAMABAD: The Federal Board of Revenue (FBR) has revised key provisions governing the arrest authority of Inland Revenue officers within...

Govt rules out reversing car import taxes, mandates certification

ISLAMABAD: The government has definitively ruled out reversing existing taxes on car imports, instead opting to introduce mandatory registration and...

ADB announces $350m for Pakistan to boost the role of women in the economy

ISLAMABAD: The Asian Development Bank (ADB) has approved a loan of $350 million to support access to finance for women...

Relationship between the USA and the Pakistan. Two flags of countries on heaven with sunset. 3D rendered illustration.

US-Pakistan agrees for increasing bilateral economic, trade ties

ISLAMABAD: The United States of America (USA) and Pakistan have agreed to increase bilateral economic and trade ties and meaningful...

Pakistan collects record Rs298b in tobacco taxes

24/06/2025

ISLAMABAD: Pakistan raised a record Rs298 billion (around $1.1 billion) in tobacco taxes in 2024, marking a victory in the...

Nepra cuts power purchase price to Rs25.98 per unit for FY26