51 new officers deployed to CEU during Pakistan Customs reforms

KARACHI: The Sindh High Court (SHC) headed by Justice Agha Faisal has rejected several petitions moved by M/s Abdullah &...

No ban on cryptocurrencies: SBP

KARACHI: The State Bank of Pakistan (SBP) clarified that it has never declared virtual assets (VAs), including cryptocurrencies as illegal....

Organized retail sector demands overhaul of tax structure in FY26 Budget

ISLAMABAD: Pakistan’s organized retail sector, represented by the Chainstore Association of Pakistan (CAP), has issued a strong appeal to the...

FBR misses tax target by Rs1 trillion in eleven months

ISLAMABAD: The Federal Board of Revenue (FBR) has fallen significantly short of its tax collection target for the first 11...

IMF questions Pakistan’s decision to allocate electricity for Bitcoin mining, AI projects

ISLAMABAD: The International Monetary Fund (IMF) has expressed concern over the government's decision to supply electricity to Bitcoin mining and...

Weekly inflation dips 0.81% as food, utility prices ease

ISLAMABAD: Pakistan’s short-term inflation, measured by the Sensitive Price Index (SPI), fell by 0.81% for the week ending May 29,...

Govt considers 1.5pc tax on import payments in FY26 budget

KARACHI: The government is weighing a proposal to introduce a 1.5 percent withholding tax on import-related payments as part of...

FBR penalizes four customs officials over negligence in mis-declaration case

LAHORE: The Federal Board of Revenue (FBR) has announced disciplinary action against four officers from the Collectorate of Customs Sambrial,...

FBR extends deadline for April 2025 sales tax & excise returns

ISLAMABAD: The Federal Board of Revenue (FBR) has officially extended the deadline for filing Sales Tax and Federal Excise Duty...

Govt, WB vow to strengthen Pakistan’s economic resilience

ISLAMABAD: The Government of Pakistan and the World Bank have reaffirmed the mutual commitment to strengthening Pakistan's economic resilience and...

Pakistan Crypto Council to discuss regulatory framework for Digital Currency

ISLAMABAD: The Pakistan Crypto Council is set to hold a high-level meeting on Monday (June 2) to deliberate on the...

Crypto ban remains in Pakistan as PM forms council to review digital currency

ISLAMABAD: The Pakistani government has made it clear that cryptocurrency is still off the table. During a National Assembly Finance...

Pakistan, France to boost bilateral economic cooperation

ISLAMABAD: Pakistan and France have reaffirmed the commitment to further strengthen their bilateral economic cooperation and advance shared goals of...

AJK bank signs landmark MoU with Malaysian tech giant Silver Lake Axes

MUZAFFARABAD: The Bank of Azad Jammu and Kashmir (BAJK) has signed a Memorandum of Understanding (MoU) with Silver Lake Axes,...

FBR considers ending tax exemptions on solar panels Budget 2025

KARACHI: The Federal Board of Revenue (FBR) is evaluating major changes in its tax policy ahead of the 2025-26 budget,...

FBR proposes higher WHT on vehicles with engine capacity above 1300cc in 2025-26 budget

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed an increase in the Withholding Tax (WHT) rates for vehicles with...

PECO factory sealed over Rs1.9 million unpaid property tax

LAHORE: Pakistan Engineering Company Limited (PECO) announced that its factory premises have been sealed by the Excise and Taxation Department...

Uzbekistan embassy in Islamabad hosts business forum to expand bilateral trade, Investment

ISLAMABAD: The Embassy of the Republic of Uzbekistan in Islamabad has organized a high-level business forum aimed at enhancing trade...

Political stability must to achieve economic targets: Khurram Schehzad