IMF demands zero rise in power sector circular debt
ISLAMABAD: Crucial negotiations were held between a delegation of the International Monetary Fund (IMF) and Pakistani officials regarding the power...
China to fund 85pc of Karakoram Highway realignment, supports multilateral financing for ML-1 project
BEIJING: China will provide 85% financing for the realignment of the Karakoram Highway and has endorsed Islamabad’s plan to seek...
CDNS collects Rs10b in Islamic investment in first quarter of FY, 2025-26
ISLAMABAD: The Central Directorate of National Savings (CDNS) has achieved the annual target of Rs 10 billion in investment in...
Pakistan, UNICEF to cement cooperation for sustainable development
ISLAMABAD: Pakistan and the United Nations Children's Fund have reiterated their resolve to further strengthen cooperation for sustainable development. The...
FTO takes action against FBR despite Board’s denial
LAHORE: The Federal Tax Ombudsman (FTO) has taken immediate notice of an alleged illegal move by the Federal Board of...
Port Qasim’s global recognition ‘matter of national pride’: Maritime Minister Junaid Anwar
KARACHI: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has hailed the World Bank's recognition of Port Qasim as...
Trade Dispute Resolution Commission to boost investor confidence: FPCCI
KARACHI: Convener of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Regional Committee on Food Shahid Imran welcomed...
President vows to transform Pakistan into leading maritime power
ISLAMABAD: President Asif Ali Zardari said Pakistan’s maritime future was bright and with unity of purpose and an unwavering commitment...
Petrol prices may increase from October 1
LAHORE: Prices of petroleum products are likely to be increased in upcoming review for first fortnight of October 2025. The...
Deadline for filing income tax returns will not be extended: FBR
ISLAMABAD: The Federal Board of Revenue (FBR) has denied the reports claiming that the deadline for filing income tax returns...
Pakistan to brief IMF about failure to meet tax collection target
ISLAMABAD: Islamabad is set to host the formal beginning of the second economic review meeting between Pakistan and the International...
German envoy meets finance minister to boost ties
ISLAMABAD: Ina Lepel, Ambassador of the Federal Republic of Germany to Pakistan, called on the Federal Minister for Finance and...
TCP issues new tender for 100,000 tons sugar
KARACHI: The Trading Corporation of Pakistan (TCP) has issued a tender to purchase 100,000 metric tons of white refined sugar,...
Export concessions cost Pakistan Rs44b in 2023-24, FBR report shows
ISLAMABAD: Duties and tax exemptions granted to Pakistani exporters under various schemes caused an estimated revenue loss of nearly Rs44...
Removal of MIS payments tab sparks confusion among taxpayers
ISLAMABAD: In yet another surprising move, the Federal Board of Revenue (FBR) has removed the MIS – Payments Details tab,...
China to invest $37m in donkey breeding in Pakistan
ISLAMABAD: Pakistan is set to witness a unique investment initiative as Chinese company Sing Ying has agreed to pour $37...
LHC to hear petition on petrol price hike
LAHORE: The Lahore High Court (LHC) has scheduled the hearing of a petition concerning the prices of petroleum products. According...
Port Qasim ranks 9th in World Bank’s Container Port Performance Index
KARACHI: Karachi’s Port Qasim has been ranked 9th in the World Bank’s Container Port Performance Index (CPPI) for the period...
FBR integrates provincial returns into IRIS Portal for simplified sales tax filing
ISLAMABAD: The Federal Board of Revenue (FBR) has successfully integrated provincial sales tax returns into its IRIS portal, enabling taxpayers...
Pakistan’s trade with Central Asia, Afghanistan & Azerbaijan hits $2.41b in FY25
KARACHI: Pakistan’s bilateral trade with Central Asian states, along with Afghanistan and Azerbaijan, surged to $2.41 billion in FY25, showing...
