SBP announces extended banking hours for fiscal year-end tax collection

ISLAMABAD: In a significant initiative aimed at streamlining tax-related processes and providing comprehensive guidance, the Federal Board of Revenue (FBR)...

Pakistan sets target of exporting 125,000 tons of mangoes to Middle East

ISLAMABAD: A leading Pakistani fruits exporters association said on Wednesday it has set an ambitious target of exporting 125,000 tons...

Pakistan, Uzbekistan explore maritime partnership at Karachi Port

KARACHI: Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry instructed the Karachi Port Trust’s (KPT) Transition Management Committee to...

Meeting reviews progress on Pakistan’s Electric Vehicle Policy 2025–30

ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan has said that the government...

ECC accords in-principle approval of risk coverage schemes for farmers

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday accorded in-principle approval of risk coverage scheme for small...

RDA inflows rise to $10.381b in May 2025

ISLAMABAD: The inflow of remittances under Roshan Digital Account (RDA) has risen to US $10.381 billion by the end of...

Pakistan become one trillion-dollar economy, possible through Industrial competitiveness: President ICCI

ISLAMABAD: Nasir Mansoor Quraishi, President of the Islamabad Chamber of Commerce and Industry (ICCI) has said that the goal of...

Exports reach $29.56b in first 11 months of fiscal year

ISLAMABAD: Pakistan’s exports reached US$29.56 billion in the first eleven months of the current fiscal year, marking an increase of...

Supreme Court grants stay to cement manufacturers in Punjab royalty dispute

LAHORE: The Supreme Court of Pakistan has granted a two-week stay to cement manufacturers, temporarily halting the enforcement of a...

Rs12b plan approved to transform Gadani into green ship-breaking yard: minister

KARACHI: Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, has announced the approval of Rs12 billion for the comprehensive...

Pakistan exports 147,000 litres of furnace oil in May 2025

ISLAMABAD: Pakistan exported 147,000 liters of furnace oil during May 2025, while an increase was recorded in the export of...

FBR directed not to hike taxes, duties on imports from key nations

ISLAMABAD: The government of Pakistan has issued directives to the Federal Board of Revenue (FBR) not to increase taxes and...

FBR & banks partner for data exchange to curb tax evasion

ISLAMABAD: In a significant move aimed at curbing tax evasion and enhancing revenue collection, the Federal Board of Revenue (FBR)...

Digital payments surge as mobile apps and Raast drive growth in third quarter

KARACHI: The State Bank of Pakistan (SBP) has reported continued growth in the country’s digital payment landscape, with a 12%...

Revised finance bill 2025-26: No tax on salaries up to Rs600,000, new slabs introduced

ISLAMABAD: Under the amended finance bill for fiscal year 2025-26, individuals earning up to Rs600,000 annually will be exempt from...

Supplying goods without tax invoice to be treated as tax fraud

ISLAMABAD: The federal government has proposed a major amendment to the Finance Bill 2025, redefining the scope of tax fraud...

Pakistan witnesses historic 55pc surge in voluntary tax payments

ISLAMABAD: In a remarkable transformation of its tax landscape, Pakistan has recorded an unprecedented 55% annual surge in voluntary tax...

Komatsu to set up subsidiary to support Barrick’s Reko Diq mining project with $440 million equipment deal

25/06/2025

ISLAMABAD: Barrick Gold Corporation and Japan’s Komatsu have signed a $440 million agreement to supply mining equipment for Pakistan’s Reko...

Banks Association backs federal budget, highlights banking sector’s role in reforms