Customs duty increased on imported items &#8211; LEDs, gas, chemicals, clothing

ISLAMABAD: A landmark judgment by the Islamabad High Court (IHC) headed by Justice Babar Sattar has sided with the Federal...

FBR launches probe into foreign assets of former SBP governor

ISLAMABAD: In a dramatic and high-stakes development, the Federal Board of Revenue (FBR) has initiated a sweeping investigation into the...

Pakistan’s forex reserves climb $277m in a week: SBP

KARACHI: Pakistan’s foreign exchange (forex) reserves witnessed a notable increase of $277 million during the week ended June 6, 2025,...

No change expected in policy rate at June 2025 MPC meeting

KARACHI: The State Bank of Pakistan (SBP) is set to announce its monetary policy on June 16, 2025. Brokerage firm...

KP unveils Rs2,119bn budget for FY2025-26

PESHAWAR: Khyber Pakhtunkhwa has unveiled a provincial budget of Rs2,119 billion for fiscal year 2025-26. The finance minister, while presenting...

Zong partners with Axis Mall to launch Pakistan’s first smart building management system

ISLAMABAD: Zong, Pakistan’s leading technology innovation company has partnered with Axis Mall and apartments – V One Associates to deploy...

CM Murad Ali Shah unveils Rs3,450bn Sindh budget 2025-26

KARACHI: Sindh Chief Minister Murad Ali Shah on Friday presented a provincial budget of Rs3,450 billion for the fiscal year...

Govt introduces e-Bilty tracking system, auction safeguards in Customs Law—but no relief for wrongfully penalized importers

LAHORE: In a significant overhaul of the Customs Act, 1969, the federal government has approved multiple amendments aimed at tightening...

FBR to generate Rs7b via sales tax hike on small vehicles

ISLAMABAD: The Federal Board of Revenue (FBR) has projected an additional revenue gain of Rs7 billion following a proposed revision...

FTO hails Punjab CM’s decision regarding budget

LAHORE: Federal Tax Ombudsman (FTO) Coordinator Saif-ur-Rehman Friday hailed the decision of Punjab Chief Minister to present a pro-poor and...

Pakistan prioritizes green ports and climate-resilient maritime infrastructure in new strategy

KARACHI: Pakistan’s maritime sector is set to undergo comprehensive modernization focused on environmental sustainability and climate resilience, as part of...

FBR grants Inland Revenue officers powers to arrest company executives for tax fraud

ISLAMABAD: The Federal Board of Revenue (FBR) has granted Inland Revenue (IR) officers the explicit authority to arrest directors, chief...

Govt rolls out new Digital Tax Law

LAHORE: The federal government has introduced a brand-new law, the “Digital Presence Proceeds Tax Act 2025,” to tighten control over...

FBR to boost tax revenues through enforcement measures: Rashid Mehmood Langrial

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has said that the enforcement measures would be extended to...

In this photograph taken on November 16, 2016, Pakistani workers operate a machine at a textile factory in Faisalabad.
As Pakistan slowly emerges from a long-term power crisis, its once booming textile sector is scrambling to find its feet -- but high energy costs and a decade lost to competitors mean recovery is far from assured. Energy production was severely depressed for more than 10 years due to chronic under-investment, inefficiencies in the power network and an inability to collect sufficient revenue to cover costs.
/ AFP PHOTO / KHALIL UR-REHMAN / TO GO WITH AFP STORY: Pakistan-Energy-Industry-Textiles, FOCUS by Caroline Nelly PERROT

Faisalabad textile industry faces rising challenges post-budget

FAISALABAD: Difficulties for the textile industry in Faisalabad have intensified following the announcement of the federal budget. According to details...

Non-tax revenue projected at Rs5.147 trillion in budget 2025–26

ISLAMABAD: The government expected to collect Rs5.147 trillion under non-tax revenue in the fiscal year 2025–26. According to details, a...

IMF raises concern over Rs344bn grants issued without NA’s approval