Pakistan forex reserves rise by $1.18b after commercial loan receipt
KARACHI: Pakistan’s foreign exchange reserves recorded a significant increase after the government received funds under a commercial loan arrangement. The...
IMF mission set to visit Pakistan on Sept 22 for fourth EFF review
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) are scheduled to begin talks on September 22 for the fourth review...
FBR can hold up to Rs390b in tax refunds under IMF condition, Senate panel told
ISLAMABAD: The Federal Board of Revenue (FBR) can hold up to Rs390 billion in tax refunds at any given time...
Pakistan inaugurates tribunal for resolution of disputes relating to telecommunication sector
ISLAMABAD: Pakistan’s Federal Minister for Law and Justice, Senator Azam Nazeer Tarar, inaugurated the Telecommunication Appellate Tribunal, established aimed at...
Major gas discovery in Sindh boosts energy security
KARACHI: Pakistan has taken another step towards strengthening its energy security after a major gas discovery was made in Sindh,...
Pakistan, Australia aim to update bilateral investment treaty by December
LAHORE: Australian High Commissioner to Pakistan Timothy Kane has expressed hope that the Pakistan-Australia Bilateral Investment Treaty will be updated...
Govt cuts duties on imported mobile phones, premium handset RD falls 20pc
LAHORE: The government has reduced regulatory and additional customs duties on imported mobile phones for FY2026-27, with regulatory duty (RD)...
PM Shehbaz gives in-principle approval to Pakistan’s new Auto Policy 2026-31
ISLAMABAD: Prime Minister Shehbaz Sharif has given in-principle approval to Pakistan’s proposed Auto Policy 2026-31, paving the way for further...
SBP spends Rs29.6b on currency note printing in FY26
KARACHI: The State Bank of Pakistan (SBP) spent Rs. 29.6 billion on printing currency notes during fiscal year 2025-26, an...
New Zealand keen to explore cooperation with Pakistan in agri-tech
ISLAMABAD: New Zealand has expressed keen interest in exploring opportunities for cooperation with Pakistan in various sectors, particularly agri-tech. This...
Active digital payment merchants rise to 2.03 million: Kiyani
ISLAMABAD: The active merchants using digital payments in Pakistan have surged to 2.03 million from just 0.5 million, already exceeding...
SMEDA, PMYP sign MoU to expand financial, business support for youth
ISLAMABAD: The Small and Medium Enterprises Development Authority (SMEDA) and the Prime Minister’s Youth Programme (PMYP) on Thursday signed a...
FBR grants major super tax relief to exporters, cuts top rate to 8pc
ISLAMABAD: The Federal Board of Revenue (FBR) has announced significant changes to income tax rules, providing super tax relief to...
Jam Kamal highlights Pakistan’s strategic role in regional connectivity at Belt and Road Summit
HONG KONG: Federal Minister for Commerce Jam Kamal Khan, addressing the 11th Belt and Road Summit in Hong Kong, reaffirmed...
Pakistan receives much-needed LNG as Qatari cargo docks at Karachi port
KARACHI: Pakistan on Thursday received a boost to its LNG supplies after a Qatari cargo carrying 81,936 metric tonnes of...
New law lets SBP build central hub for bank account data
KARACHI: The State Bank of Pakistan (SBP) has been empowered to build and operate a centralised virtual data repository that...
Goods transporters announce 5pc increase in freight charges amid petrol price hike
LAHORE: The Goods and Transport Association of Pakistan has announced a 5% increase in freight fares following the government’s decision...
FBR redraws enforcement map to crackdown on illicit money flows
ISLAMABAD: The Federal Board of Revenue (FBR) has overhauled how it monitors non-financial businesses and professions for money laundering and...
FBR mandates 5pc tax on social media influencers & content creators
ISLAMABAD: The Federal Board of Revenue (FBR) is officially taxing digital income. Consequently, the FBR will enforce a 5% Withholding...
No more office visits: MCI digitises business licences
ISLAMABAD: Metropolitan Corporation Islamabad (MCI) has fully digitised its municipal licence services, eliminating manual processing and allowing applicants to secure...
