Govt set to impose carbon levy on petrol, diesel in upcoming budget

KARACHI: Pakistan foreign exchange reserves witnessed a significant rise of $70 million, as per the latest data released by the...

Islamabad High Court stays enforcement of tax recovery ordinance

ISLAMABAD: In a significant development, the Islamabad High Court has issued a stay order against the implementation of the recently...

PRA achieves record Rs26b sales tax collection in May 2025

LAHORE: The Punjab Revenue Authority (PRA) has set a new benchmark in its revenue collection efforts, announcing a record Rs26...

SCCI expects growth-oriented, industry friendly budget

PESHAWAR: Sarhad Chamber of Commerce and Industry have pinned high hopes and the expectations that the upcoming budget 2025-26 will...

Pakistan, US discuss bitcoin strategy in landmark White House meeting

WASHINGTON: Minister of State for Crypto and Blockchain and CEO of the Pakistan Crypto Council (PCC) Bilal Bin Saqib, recently...

Over 1.320 million tons of pulses imported in 10 months of FY2025

KARACHI: The imports of leguminous vegetables (pulses) into the country during last 10 months of current financial year grew by...

IMF demands full implementation of conditions in Budget 2025-26

ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to ensure the full implementation of all previously agreed economic conditions...

Govt plans Capital Value Tax (CVT) on movable assets in Budget 2025-26

ISLAMABAD: In a potentially impactful move for the nation’s wealthiest individuals, the government of Pakistan is reportedly poised to reintroduce...

NHA announces 50pc surcharge on Motorway Toll for non-M-Tag vehicles

ISLAMABAD: The National Highway Authority (NHA) has announced a significant revision to its toll structure across Pakistan’s motorway network, introducing...

Govt announces reduction in electricity tariff

LAHORE: Punjab Chief Minister (CM) Maryam Nawaz Sharif on Tuesday announced a reduction in power tariffs to lower electricity bills...

KP gets Rs540m in PSDP, no new projects announced: Muzzammil Aslam

PESHAWAR: Advisor to the Chief Minister of Khyber Pakhtunkhwa on Finance and Inter-Provincial Coordination, Muzzammil Aslam stated that according to...

ECC okays new honorarium policy for civil servants, gives finance minister discretion over payouts

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved a new honorarium policy for civil servants, granting discretionary powers...

SBP, PSX to remain closed from June 6 to June 9 for Eid-ul-Adha holidays

KARACHI: The State Bank of Pakistan (SBP) and the Pakistan Stock Exchange (PSX) will remain closed from Friday, June 6,...

Pakistan, Iran ink MoU on communications cooperation at ECO Summit

TEHRAN: On the concluding day of the Economic Cooperation Organization (ECO) summit held in Tehran, a Memorandum of Understanding (MOU)...

Pakistan conveys support for establishment of SCO Development Bank

ISLAMABAD: Pakistan has conveyed strong support for the establishment of SCO Development Bank. The support was expressed by Finance Minister...

Asian Development Bank okays $800m for Pakistan

KARACHI: The Asian Development Bank (ADB) has approved $800 million loan for Pakistan. According to the ADB’s official statement, the...

FBR secures Rs36.14b in favorable tax case rulings

ISLAMABAD: The Federal Board of Revenue (FBR) has achieved a significant breakthrough in its efforts to recover long-pending tax arrears,...

PM Shehbaz expresses strong satisfaction over Faceless Customs Reforms

ISLAMABAD: Prime Minister Shehbaz Sharif expressed profound satisfaction with the impressive progress and performance of the faceless customs assessment system,...

IMF ‘agrees’ to income tax relief for salaried class in budget 2025-26