SBP buys over $15.4b from forex market between 2024 & 2026
ARACHI: The State Bank of Pakistan (SBP) conducted net foreign exchange interventions worth $15.4 billion between June 2024 and April...
Pakistan eyes $20b trade with US within five years, says Ishaq Dar
ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar on Tuesday expressed confidence that bilateral trade between Pakistan and the...
PICT enters logistics business as part of expansion strategy
KARACHI: Pakistan International Container Terminal Limited (PICT) has entered the logistics services business as part of its future business plan...
FPCCI criticizes SBP for keeping interest rate at 11.5%
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly criticized the State Bank of Pakistan’s (SBP)...
FTO declares higher tax deduction on teachers’ examination duty unlawful
LAHORE The Federal Tax Ombudsman (FTO) has ruled that the Federal Board of Revenue (FBR) was incorrectly applying a higher...
KP introduces 5% sales tax on cryptocurrency trading services
PESHAWAR: The Government of Khyber Pakhtunkhwa (KP) has introduced a 5% sales tax on cryptocurrency and digital asset trading services,...
Minister directs expansion of fruit bagging initiative, backs local manufacturing
ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan reviewed the performance of the Pakistan Horticulture Development & Export Company (PHDEC)...
FBR begins receiving annual income tax returns for tax year 2026
ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has announced the commencement of annual income tax return filing...
SBP keeps policy rate unchanged at 11.50pc
KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to keep the policy rate...
FBR can disconnect gas & electricity of non-compliant Tier-1 retailers
ISLAMABAD: The Federal Board of Revenue (FBR) has the legal authority to order the disconnection of gas and electricity connections...
Bank officials to face penalties in KP for obstructing tax recovery
PESHAWAR: The Government of Khyber Pakhtunkhwa (KP) has strengthened its tax recovery framework by introducing tougher penalties for bank officials...
FBR uncovers major fuel tax evasion as 8,348 metric tons of petrol go missing
ISLAMABAD: A major tax evasion scandal has surfaced in Pakistan's oil industry after thousands of metric tons of imported petrol...
Amid Hormuz instability, attention shifts to Pakistan’s Gwadar port
GWADAR: Iran has closed and reopened the Strait of Hormuz several times since the US-Iran war began in February. When...
Pakistan-Libya trade has potential to exceed $1bn, claims LCCI President Saigol
LAHORE: Lahore Chamber of Commerce and Industry hosted a seminar titled “Enhancing Pakistan-Libya Trade and Economic Cooperation”, attended by Major...
SBP foreign exchange reserves increase by $33m
KARACHI: Pakistan’s foreign exchange reserves recorded a modest increase during the week ended July 17, 2026, according to the latest...
New Finance Act rule forces businesses to get FBR-verified invoice numbers
ISLAMABAD: The Federal Board of Revenue (FBR) will require taxpayers to issue a verifiable and unique invoice number for every...
Two officials martyred in terrorist attack on joint check post in Kohat
DERA ISMAIL KHAN: Two law enforcement officials were martyred and another seriously injured after terrorists ambushed a government vehicle at...
Petrol price in Pakistan includes Rs108.67 in taxes and margins
ISLAMABAD: Global crude oil and energy prices continue to face upward pressure amid tensions between the United States and Iran,...
FBR issues instructions for promotions to higher ranks
ISLAMABAD: The Federal Board of Revenue (FBR) has issued instructions regarding promotions of officers of Inland Revenue Service (IRS) and...
Finance minister says drug pricing should ensure access to essential medicines
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Friday said drug pricing decisions should ensure patients' access to essential medicines while balancing...
