Public feels heat as sugar prices hit Rs200 per kg despite import decision
ISLAMABAD: The sugar price crisis in Pakistan continues to spiral out of control, with rates touching a record high of...
Finance ministry sounds alarm over Rs5.9 trillion in govt losses
ISLAMABAD: The latest report from the Ministry of Finance shows that losses in more than 15 government-owned companies have crossed...
FBR harassing exporters on baseless tax evision allegations: FTO
ISLAMABAD: The Federal Tax Ombudsman (FTO) has strongly criticized the Federal Board of Revenue (FBR) for harassing exporters by arbitrarily...
FBR rules out withdrawal of law disallowing 50pc expenses on large cash sales
ISLAMABAD: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial has firmly stated that the government will not withdraw the...
FBR tightens noose around terminal operators
KARACHI: The Federal Board of Revenue (FBR) has launched a comprehensive monitoring framework for terminal operators operating at sea ports,...
Pakistan, Russia eye freight train launch in August
MOSCOW: A top Russian official described Pakistan as an "important partner" in the region's economic and energy development and called...
Passenger car sales jump 74pc in June
ISLAMABAD: Passenger car sales in Pakistan witnessed a 38% year-on-year increase in June 2025, according to Pakistan Automotive Manufacturers Association's...
Elon Musk expected at starlink Pakistan launch later this year
LAHORE: Starlink, the global satellite internet venture by SpaceX, is preparing to officially launch services in Pakistan by late 2025,...
BAJK, i-Consult Consortium sign agreement for CBS implementation
AZAD KASHMIR: In a major step toward digital transformation and financial modernization, the Bank of Azad Jammu and Kashmir (BAJK)...
Economic development impossible without modernizing outdated system: PM
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday said that the transformation of the outdated system into a modern, digital, and...
US stresses stronger economic ties with Pakistan, highlights mineral sector opportunities
WASHINGTON: The United States has once again emphasized the importance of strengthening economic cooperation with Pakistan, with a special focus...
Aurangzeb calls for population-based NFC allocations
ISLAMABAD: Finance Minister Muhammad Aurangzeb has urged that population size and human development indicators should become key criteria in how...
Tax advisors challenge FBR’s QR scan system, citing compliance hardships
KARACHI: Tax advisors and consultants have formally approached the Federal Board of Revenue (FBR) to express strong reservations against its...
FBR’s new PIN system creates impossible hurdle for non-resident taxpayers
ISLAMABAD: The Federal Board of Revenue (FBR) has recently introduced significant amendments to the income tax return filing process, as...
Pakistan, EU sign €20m deal to boost governance and business climate
ISLAMABAD: Pakistan and the European Union (EU) have signed a €20 million grant agreement to support improved governance and a...
Pakistan’s foreign reserves cross $20b after strong official inflows
KARACHI: Pakistan’s foreign exchange reserves jumped sharply during the week ending July 4, 2025, following a sizable injection of official...
Pakistan, Vietnam PTA within 2025, for sustainable trade growth
HANOI: The 5th Meeting of the Pakistan–Vietnam Joint Trade Committee (JTC) on Friday decided Pakistan and Vietnam Preferential Trade Agreement...
ADB slams Pakistan’s tax system for poor revenue growth
PESHAWAR: The Asian Development Bank (ADB) has released a scathing report on Pakistan’s tax system, warning that despite years of...
Pakistan launches first National Dredging & Marine Services company to boost port capacity
KARACHI: Pakistan has launched its first National Dredging and Marine Services (NDMS) company in collaboration with the Port Qasim Authority,...
Bank statement alone not proof of income, rules Supreme Court
ISLAMABAD: In a landmark judgment, the Supreme Court of Pakistan ruled that a bank statement alone does not constitute proof...
