China agrees to reschedule $1.8b in loans to support Pakistan’s financing needs

LAHORE: The Punjab government is set to commence the collection of a new ‘garbage tax’ from July 1, 2025, across...

Sindh Assembly passes Rs3,450bn budget for FY 2025-26

KARACHI: The Sindh Assembly has approved a Rs3,450 billion budget for the fiscal year 2025-26, along with the Finance Amendment...

Supreme Court declares registration of FIRs against taxpayers unconstitutional

ISLAMABAD: The Supreme Court (SC) on Wednesday declared the registration of FIRs and arrests of taxpayers unconstitutional. The court stated...

WB approves $194m to support education, water projects in Balochistan

ISLAMABAD: The World Bank Board (WB) has approved $194 million for two projects to enhance educational opportunities for children and...

FBR redrafts tax officials’ arrest powers, introduces safeguards for NA approval

ISLAMABAD: The Federal Board of Revenue (FBR) has revised key provisions governing the arrest authority of Inland Revenue officers within...

Govt rules out reversing car import taxes, mandates certification

ISLAMABAD: The government has definitively ruled out reversing existing taxes on car imports, instead opting to introduce mandatory registration and...

ADB announces $350m for Pakistan to boost the role of women in the economy

ISLAMABAD: The Asian Development Bank (ADB) has approved a loan of $350 million to support access to finance for women...

Relationship between the USA and the Pakistan. Two flags of countries on heaven with sunset. 3D rendered illustration.

US-Pakistan agrees for increasing bilateral economic, trade ties

ISLAMABAD: The United States of America (USA) and Pakistan have agreed to increase bilateral economic and trade ties and meaningful...

Pakistan collects record Rs298b in tobacco taxes

ISLAMABAD: Pakistan raised a record Rs298 billion (around $1.1 billion) in tobacco taxes in 2024, marking a victory in the...

Nepra cuts power purchase price to Rs25.98 per unit for FY26

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has reduced the national average Power Purchase Price (PPP) to Rs25.98 per...

FBR directs license cancellation for Peshawar cosmetic firm Over tax evasion

LAHORE: The Federal Board of Revenue (FBR) has initiated a significant enforcement action against a Peshawar-based cosmetic company, M/s Forvil...

FBR offices to remain functional on June 29 & 30

ISLAMABAD: The Federal Board of Revenue (FBR) has announced that all its field offices across the country will operate on...

FBR recovers Rs53b through automatic audit closure in Tax Year 2024

ISLAMABAD: The Federal Board of Revenue (FBR) has successfully collected a significant amount of Rs53 billion during the tax year...

Govt approves Rs36bn in new taxes in Finance Bill

ISLAMABAD: National Assembly's Standing Committee on Finance has approved the government's decision to impose an additional Rs36 billion in new...

Rana Ihsaan Afzal meets Car dealers’ association to discuss import Policy reforms

ISLAMABAD: Rana Ihsaan Afzal Khan, Coordinator to the Prime Minister of Pakistan on Commerce, conducted a meeting with Patron in...

Port Qasim cuts exporter charges by 50pc to boost trade: minister

KARACHI: Port Qasim Authority (PQA) has announced a 50 percent reduction in port charges for exporters, aligning with the government’s...

Minister says country holds ample petroleum reserves amid fears of closure of Strait of Hormuz

ISLAMABAD: Pakistan has ample petroleum reserves and an uninterrupted supply chain, a minister said amid fears that Iran may cut...

AGP detects Rs836.43b in financial irregularities in Sindh govt departments

KARACHI: The Auditor General of Pakistan (AGP) has revealed financial irregularities worth over Rs836.43 billion across various departments of the...

LTO Karachi assigned jurisdiction over OICCI for tax oversight