PTBA urges FBR to extend deadline until June 30 due to unresolved discrepancies in new annexures

KARACHI: The State Bank of Pakistan (SBP), all banks and financial institutions will remain closed on Wednesday, 28 May 2025...

FBR deploys 520 third-party auditors to bolster tax scrutiny

In a significant strategic move to enhance tax compliance and strengthen its audit operations, the Federal Board of Revenue (FBR)...

MD Operations WB concludes two-day visit to Pakistan

ISLAMABAD: World Bank Managing Director for Operations, Mrs. Anna Bjerde, concluded a two-day visit to Pakistan and discussed the coordination...

IMF budget talks conclude, salaried class relief hinges on govt spending cuts

ISLAMABAD: The International Monetary Fund (IMF) mission is scheduled to conclude its current round of discussions on Pakistan’s 2025-26 federal...

Federal Budget 2025-26 to be presented on June 10th

ISLAMABAD: The federal budget for the fiscal year 2025-26 will be presented on June 10, 2025, as officially announced by...

FPCCI secures assurance for review of controversial tax laws

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has secured a significant breakthrough, as top government officials...

Competition tribunal upholds CCP ruling against PESCO for abuse of dominant position

ISLAMABAD: The Competition Appellate Tribunal (CAT) has upheld the Competition Commission of Pakistan’s (CCP) decision against Peshawar Electric Supply Company...

Customs Enforcement, Pakistan Rangers seize Rs55.6m smuggled foreign fabrics

KARACHI: In a major anti-smuggling operation, Pakistan Customs, with assistance from an intelligence agency and Pakistan Rangers Sindh, raided several...

FBR acknowledges high taxes driving capital flight to Dubai

KARACHI: In a significant admission that has resonated deeply within Pakistan’s economic circles, the Federal Board of Revenue (FBR) has...

FBR mandates Saturday overtime to boost tax collection drive

LAHORE: In an urgent and decisive move to accelerate tax revenue generation, the Federal Board of Revenue (FBR) has issued...

FBR collects Rs30b from Karachi electricity consumers

KARACHI: The Federal Board of Revenue (FBR) has reported a substantial revenue windfall, collecting a staggering Rs30 billion in withholding...

Pakistan’s total liquid foreign reserves surge to $16.65b

KARACHI: The total liquid foreign reserves of Pakistan surged to US$ 16,648.5 million as of May 16 while the reserves...

Crypto Council CEO calls on Field Marshal Asim Munir to discuss digital future

RAWALPINDI: During a high-level meeting at the General Headquarters (GHQ), Pakistan’s Chief of Army Staff, Field Marshal Asim Munir, held...

Govt eyes Rs150b windfall from new FED on biscuits, sweets & sauces

ISLAMABAD: The federal government is currently evaluating a significant fiscal maneuver to impose Federal Excise Duty (FED) on a broad...

Pakistan, WB agree to develop implementation mechanism for CPF

ISLAMABAD: The Minister for Economic Affairs, Ahad Cheema held a very productive meeting with Ms. Anna Bjerde, Managing Director for...

PM Shehbaz, World Bank discuss $20b development investment

ISLAMABAD (Web Desk) Prime Minister Shehbaz Sharif met with a delegation from the World Bank, led by Managing Director of...

President lauds IMF programme’s role in economic stability of Pakistan

ISLAMABAD: President Asif Ali Zardari on Friday said that the loan programme of the International Monetary Fund (IMF) had played...

FinMin Aurangzeb pledges continued reform support as OICCI reports surge in business confidence

22/05/2025

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met today at the Finance Division with a delegation from...

Business confidence turns positive: OICCI survey shows 16-point surge in sentiment