Pakistan refiner Cnergyico expands US crude imports amid Hormuz disruption

KARACHI: Pakistan could face an LPG shortage in the coming days, with prices also likely to rise further amid growing...

Pakistan’s budget transparency improves 50pc in two years

ISLAMABAD: Pakistan’s budget transparency has improved by 50% in just two years, with the country’s score rising from 30 out...

Pakistan cracks down on dumped imports, as NTC runs 10 active probes

ISLAMABAD: Pakistan’s National Tariff Commission is investigating 10 cases of alleged dumping by foreign exporters, and has already imposed temporary...

SBP cancels license of Al-Rahim Exchange Company over severe violations

KARACHI: The State Bank of Pakistan (SBP) just took strict regulatory action recently. SBP officially cancelled the authorization and license...

Zong & Zindigi launch Z-Wallet, bringing embedded banking to millions of My Zong App users

ISLAMABAD: Zong, Pakistan’s leading technology services enterprise, has partnered with Zindigi, powered by JS Bank, to launch Z-Wallet, bringing regulated...

Bilal Azhar Kayani reaffirms government’s commitment to cashless economy

ISLAMABAD: Minister of State for Railways and Finance Bilal Azhar Kayani, reaffirmed the Government of Pakistan’s commitment to advancing a...

Pakistan opens humanitarian lifeline, allows 724 relief trucks into Afghanistan

ISLAMABAD: Pakistan has allowed 724 truckloads of humanitarian relief cargo to cross into Afghanistan through the Torkham border crossing in...

Sales tax chaos: Hybrid vehicle makers halt production

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded an immediate rollback of the sales tax...

Pakistan, Hong Kong sign arrangement on customs cooperation

ISLAMABAD: A virtual Signing Ceremony was held at the Federal Board of Revenue (HQ), Islamabad, for signing the “Co-operative Arrangement...

FBR starts Tajir Asan registration on IRIS portal for new taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) has started offering Tajir Asan registration through the IRIS 2.0 portal, allowing new...

Govt seeks more real estate tax relief as IMF resists more concessions

ISLAMABAD: The federal government is continuing negotiations with the International Monetary Fund (IMF) to secure additional tax concessions for Pakistan’s...

Minister announces 400-acre Port Qasim garment city project, 138,000 jobs projected

KARACHI: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced plans to establish a 400-acre apparel zone at...

Constitutional Court rules in favour of corporate taxpayers on super tax

ISLAMABAD: The Federal Constitutional Court has delivered an important ruling in favour of corporate taxpayers, declaring that tax credits can...

Salaried class tax collection hits 3-year high despite rate cuts

ISLAMABAD: Rs44 billion in Income Tax was collected from the salaried class by the Federal Board of Revenue (FBR) in...

FBR’s tax year 2026 return faces hundreds of technical issues

ISLAMABAD: The Federal Board of Revenue (FBR) has faced significant technical challenges with its newly launched income tax return for...

Pakistan, Iran agree to keep border crossings open round the clock to boost trade

ISLAMABBAD: Pakistan and Iran on Wednesday agreed to further expand trade ties by keeping border crossings open round the clock,...

Rs563m bank cheques dishonored during FY 2020-21, says report

LAHORE: It has been revealed that bank cheques worth over Rs563.2 million, belonging to industrialists, have been dishonored. The audit...

FBR slaps new daily fines on delayed customs clearance starting Oct 1

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced new graded penalties for delays in filing goods declarations and clearing...

Pakistan’s foreign exchange reserves rise by $14m to $22.5b