FBR collects Rs30b from Karachi electricity consumers

KARACHI: The total liquid foreign reserves of Pakistan surged to US$ 16,648.5 million as of May 16 while the reserves...

Crypto Council CEO calls on Field Marshal Asim Munir to discuss digital future

RAWALPINDI: During a high-level meeting at the General Headquarters (GHQ), Pakistan’s Chief of Army Staff, Field Marshal Asim Munir, held...

Govt eyes Rs150b windfall from new FED on biscuits, sweets & sauces

ISLAMABAD: The federal government is currently evaluating a significant fiscal maneuver to impose Federal Excise Duty (FED) on a broad...

Pakistan, WB agree to develop implementation mechanism for CPF

ISLAMABAD: The Minister for Economic Affairs, Ahad Cheema held a very productive meeting with Ms. Anna Bjerde, Managing Director for...

PM Shehbaz, World Bank discuss $20b development investment

ISLAMABAD (Web Desk) Prime Minister Shehbaz Sharif met with a delegation from the World Bank, led by Managing Director of...

President lauds IMF programme’s role in economic stability of Pakistan

ISLAMABAD: President Asif Ali Zardari on Friday said that the loan programme of the International Monetary Fund (IMF) had played...

FinMin Aurangzeb pledges continued reform support as OICCI reports surge in business confidence

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met today at the Finance Division with a delegation from...

Business confidence turns positive: OICCI survey shows 16-point surge in sentiment

ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) on Thursday unveiled the findings of its Business Confidence Index...

Pakistan sets 125,000-ton mango export target for 2025 despite climate, logistical hurdles

KARACHI: Pakistan aims to export 125,000 tons of mangoes this season, with shipments scheduled to commence on May 25, 2025,...

Banks advocate for reforms in FBR tax recovery procedures

KARACHI: Banks in Pakistan are urging the Federal Board of Revenue (FBR) to revise its tax recovery framework from customer...

FBR targets 72 elite in major offshore wealth crackdown

ISLAMABAD: A bold and dramatic move, the Federal Board of Revenue (FBR) has zeroed in on 72 ultra-wealthy and influential...

FBR starts probe into dual salary-pension recipients among federal officials

ISLAMABAD: The Federal Board of Revenue (FBR) has initiated a detailed investigation to identify federal officials who are simultaneously drawing...

Committee misses deadline in Punjab Revenue Authority director’s appointment probe

LAHORE: A fact-finding committee constituted to inquire into the ‘unlawful’ appointment of the Punjab Revenue Authority (PRA) director (IT) seems...

Govt decreases nationals savings profit rates

KARACHI: The Central Directorate of National Savings (CDNS) has slashed the profit rates of its various savings schemes by up...

Govt establishes Pakistan Digital Assets Authority to comply with FATF

ISLAMABAD: In a bid to regulate and accelerate the Virtual Asset Economy comp¬liant with the Financial Action Task Force (FATF)...

FBR rejects any tax amnesty in budget 2025-26

KARACHI: As consultations between Pakistan and the International Monetary Fund (IMF) for the federal budget 2025–26 enter a critical phase,...

FBR registers over 2.4 million new taxpayers in FY2024-25

MULTAN: The government informed the National Assembly that the Federal Board of Revenue (FBR) registered 2,403,831 new taxpayers during the...

FBR proposes hefty fines for non-compliant retailers in Budget 2025-26

ISLAMABAD: In a major move to curb tax evasion, the Federal Board of Revenue (FBR) is set to propose significantly...

LCCI congratulates Field Marshal Syed Asim Munir