Freight fares slashed by 40pc after cut in prices of petroleum products

KARACHI: In a major boost to Pakistan’s agricultural exports, the Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) has...

Aurangzeb, Saudi finance minister discuss ongoing economic cooperation

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, saw off the Saudi Arabia, Mohammed bin Abdullah Al-Jadaan, at...

Pakistan’s forex reserves rise by $105m in one week

KARACHI: Pakistan’s foreign exchange reserves recorded an increase of $105 million over the course of one week. According to the...

Aurangzeb departs for US to participate in IMF-WB meetings

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Saturday departed for the US to participate in the World Bank Group and International...

PIA Fleet to be expanded to 60 Aircraft, 18 currently operational: Arif Habib

KARACHI: Chairman of the Arif Habib Consortium, the entity owning Pakistan International Airlines (PIA), Arif Habib has said that the...

DG Valuation revises customs values for lithium ion batteries vide Valuation Ruling No.2062/2026

KARACHI: The Directorate General of Customs Valuation in Karachi has officially revised the customs values for lithium-ion batteries. Additionally, for...

Customs JIAP seizes gold, foreign currency worth Rs190m

KARACHI: Collectorate of Customs has seized gold jewellery, gold bars and foreign currency worth around Rs190 million at the arrivals...

Inflation in Pakistan continues to surge

ISLAMABAD: Inflation in Pakistan continues to surge amid rising tensions in the Middle East, with the weekly inflation rate increasing...

SRB awards 1300cc car in POS invoice prize draw to boost tax compliance in Sindh

KARACHI: The Sindh Revenue Board (SRB) has announced the winner of a 1300cc car in its third computerized prize ballot...

FBR raids major real estate developers in Lahore in surprise tax crackdown

LAHORE: The Federal Board of Revenue (FBR) has launched a major enforcement action against two prominent housing developers in Lahore,...

FinMin convenes business leaders to explore ways to strengthen trade

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb on Thursday convened business leaders from across the country to shape...

Pakistan’s economy expected to grow, but downside risks loom: ADB

ISLAMABAD: Pakistan’s economy recovered as growth strengthened and inflation declined in fiscal year 2025 (FY2025, ended 30 June 2025), supported...

Pakistan’s growth forecast slashed as regional tensions drive inflation, says WB

ISLAMABAD: The World Bank has warned that tensions in the Middle East are impacting several countries, including Pakistan, leading to...

Fuel prices may drop by up to Rs100 per litre

ISLAMABAD: Pakistan is likely to witness a major reduction in petroleum prices, with officials indicating a possible cut of up...

Pakistan eyes boost in tyre exports as Chinese-backed firm announces $120m expansion

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan held a detailed meeting with Jin Yongsheng, Chairman of Service Long March...

Pakistan Customs collects over Rs200b in RD in FY25

KARACHI: The Federal Board of Revenue (FBR) has reported that Pakistan Customs collected over Rs200 billion in regulatory duty during...

Gas prices ease in Pakistan after LPG supply from Iran resumes

ISLAMABAD: A downward trend in gas prices has begun in Pakistan following the restoration of LPG supply from Iran. According...

Pakistan weighs trilateral maritime trade alliance with Ethiopia, Djibouti

KARACHI: Pakistan is considering the formation of a trilateral maritime trade alliance with Ethiopia and Djibouti to enhance regional trade...

Shehbaz Sharif meets Chinese delegation to boost trade