Pakistanis spent over Rs317b on online apps in FY25, FBR reports
ISLAMABAD: Newly released figures from the Federal Board of Revenue (FBR) presented at the National Assembly Standing Committee reveal that...
Pakistan faces challenges in securing FTA with ASEAN due to limited partnership status: report
ISLAMABAD: Pakistan is facing challenges in securing a Free Trade Agreement (FTA) with the Association of Southeast Asian Nations (ASEAN)...
Customs PMBQ leads in collection of customs duty during last five-years
KARACHI: Collectorate of Customs Port Mohammad Bin Qasim (PMBQ) has emerged as the top contributor in Pakistan’s customs duty collection,...
Jazz reaffirms commitment to driving digital inclusion frontier as Pakistan crosses 200m mobile subscribers
ISLAMABAD: Jazz, Pakistan’s leading digital operator, proudly joins the national celebration as the country crosses the landmark of 200 million...
Private Sector key to economic revival for sustainable economic growth: President ICCI
ISLAMABAD: President of the Islamabad Chamber of Commerce and Industry (ICCI), Nasir Mansoor Qureshi, has emphasized the critical role of...
FTO orders FBR to halt sealing Tier-1 retail outlets, cites POS system flaws
LAHORE: In a significant ruling for Pakistan’s formal retail sector, the Federal Tax Ombudsman (FTO) has directed the Federal Board...
Chairman FBR expresses readiness to discuss recent changes made in the tax law
ISLAMABAD: Chairman, Federal Board of Revenue (FBR), Rashid Mahmood Langrial has expressed willingness to discuss the recent changes made in...
IMF allows import of five-year-old vehicles
ISLAMABAD: The International Monetary Fund (IMF) has allowed the Ministry of Commerce to import of five-year-old vehicles. During a meeting...
Govt slashes tax rate to 1pc for individuals earning up to Rs1.2m annually
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Saturday announced a positive development for the salaried class revealing that the tax rate...
FBR earns Rs180b in regulatory duty during FY24
ISLAMABAD: The Federal Board of Revenue (FBR) has reported the collection of Rs180.54 billion in regulatory duty during the fiscal...
Govt signs $4.5b loans with local banks to ease power sector debt
LAHORE: Pakistan has signed term sheets with 18 commercial banks for Rs1.275 trillion ($4.50 billion) Islamic finance facility to help...
Govt decides to import 500,000 tons of sugar
ISLAMABAD: The Federal Ministry of National Food Security on Friday decided to import 500,000 tons of sugar to control fluctuations...
Pakistan’s foreign exchange reserves climb by $130m: SBP
KARACHI: In a promising development for Pakistan’s external financial position, the State Bank of Pakistan (SBP) has announced an increase...
Pakistan considers Rs30b additional taxes to meet IMF demands
ISLAMABAD: The federal government is currently weighing options to either impose an additional Rs. 30 billion in taxes or implement...
FBR moves to end banks’ special tax privileges, advocates normal corporate tax regime
ISLAMABAD: The Federal Board of Revenue (FBR) has put forth a significant proposal to abolish the Seventh Schedule of the...
Dairy sector warns 18pc GST on packaged milk is harming industry & revenue
ISLAMABAD: The Pakistan Dairy Association (PDA) has issued a stark warning regarding the impact of the current 18 percent General...
FBR reports 545pc surge in property transaction tax collection over five years
ISLAMABAD: The Federal Board of Revenue (FBR) has announced a staggering 545% increase in income tax collection from transactions involving...
Pakistan raises over $4.2b in bond auction, launches first 15-year zero coupon issue
ISLAMABAD: Pakistan raised more than Rs1.2 trillion ($4.2 billion) in a government bond auction, including the launch of its first-ever...
Irregularities found in KP health procurement as four companies fail to deliver Rs1.19b worth of medicines
PESHAWAR: The Khyber Pakhtunkhwa (KP) health procurement scandal has intensified following an official inquiry that uncovered serious irregularities. The investigation...
Careem ends ride-hailing operations in Pakistan
ISLAMABAD: Careem, Uber's ride-hailing arm in the Middle East, will suspend its Pakistan service on July 18, citing economic challenges,...
