Punjab issues 5.5 million driving licences in 100 days

KARACHI: Pakistan has initiated a review of long-term LNG terminal agreements with Engro Elengy Terminal Pakistan Limited and Pakistan GasPort...

KPRA declares Friday as working day for essential staff

PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) has announced that, in light of the ongoing financial year closing and the...

Govt plans tax-free real estate package for overseas Pakistanis amid Gulf uncertainty

ISLAMABAD: The federal government has prepared a new tax-free real estate investment package aimed at attracting overseas Pakistanis, according to...

CDNS achieves Rs1.02 trillion in savings inflows, nears annual target

ISLAMABAD: The Central Directorate of National Savings (CDNS) has recorded Rs1.02 trillion in savings inflows from July 1 to March...

FBR imposes major penalty on intelligence officer in tobacco tax case

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed a major penalty on an Inland Revenue intelligence officer following the...

$20m withdrawn from Pakistan bonds in one day amid Gulf tensions

KARACHI: Foreign investors pulled out $20 million from Pakistan’s domestic bond market in a single day on March 13, highlighting...

OGRA receives Rs27b from PM’s Austerity Fund to settle price differential claims

ISLAMABAD: Following directions from the Prime Minister, the Oil and Gas Regulatory Authority (OGRA) has been allocated Rs27 billion from...

SAPM Haroon, Kuwaiti envoy discuss ways to enhance bilateral cooperation

ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan on Thursday met with Ambassador...

LHC upholds powers of cantonment boards to charge property tax on all residents

LAHORE: The Lahore High Court (LHC) has dismissed hundreds of writ petitions filed by residents of areas falling under cantonment...

IHC rules property sale gains taxable under Section 37(1A), overrides business income classification

ISLAMABAD: The Islamabad High Court has ruled that gains from the sale of immovable property are taxable only under Section...

All Pakistan Petrol Pump Owners Association raises concerns over fuel pricing mechanism

ISLAMABAD: The All Pakistan Petrol Pump Owners Association has expressed serious concerns over the mechanism used to determine petroleum prices...

PCJCCI, Jinan ink MoU to promote Pak-China dairy cooperation

LAHORE: The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has inked a Memorandum of Understanding (MoU) with the...

SBP cracks down on exchange companies, cancels licenses over regulatory violations

KARACHI: The State Bank of Pakistan (SBP) cancelled the authorization and licenses of two exchange companies after finding serious violations...

Cabinet Committee maintains close watch on energy supplies; reviews stocks, global trends

ISLAMABAD: The Committee to Monitor Petrol Prices met to review the energy supply situation and assess developments in global oil...

Intelligence Bureau to audit official vehicles as govt tightens austerity measures

ISLAMABAD: The government’s austerity campaign appears to be entering a stricter phase, with fresh oversight measures now in motion. According...

CCP recovers Rs40m after major pharma distribution monopoly exposed

ISLAMABAD: The Competition Commission of Pakistan has successfully recovered Rs40 million in penalties from United Distributors Pakistan Limited (UDPL) and...

Govt plans mobile app-based fuel quota for motorcyclists, rickshaws

LAHORE: The government is planning a new fuel quota system for two- and three-wheelers, including motorcycles and rickshaws, to make...

US, China, UK remain top 3 destinations of Pakistani exports in 8 months

KARACHI: The United States (US) remained the top export destination of Pakistani products during the first eight months of the...

Saudi importers keen on Pakistan’s diverse food products