FTO directs FBR to share sales tax data with taxpayers

09/03/2026

ISLAMABAD: The government is considering major income tax relief for salaried individuals, including the abolition of the super tax and...

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

KARACHI: Pakistan’s Islamic banking sector expanded during 2025, increasing its share in the country’s financial system with assets reaching nearly...

Salaried class pays 352pc more tax than exporters, retailers, wholesalers

ISLAMABAD: Pakistan’s salaried class is paying significantly more taxes than several major business sectors combined, according to a new study...

FBR notifies new SOPs for arrests in sales tax evasion cases

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new Standard Operating Procedure (SOP) outlining the process for inquiries,...

Transshipment commences from Karachi Port

KARACHI: The Chairman of Karachi Port Trust, Rear Admiral Shahid Ahmed SI (M) S.Bt (Retd) has reaffirmed the Port’s commitment...

FPCCI, UBG to reduce construction sector’s taxes to 4pc

LAHORE: Federation of Pakistan Chambers of Commerce and industry (FPCCI) and United Business Group (UBG) demanded of the government to...

Ample oil reserves available for local consumption: Aurangzeb

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has said Pakistan currently had ample oil reserves and there...

SECP engagement leads to mandatory motor third-party insurance in Sindh

ISLAMABAD: The Government of Sindh has formally introduced amendments in the Motor Vehicles (Amendment) Act, 2026, making third-party liability insurance...

LNG shortage looms for Pakistan after Qatar halts deliveries

KARACHI: Pakistan has been informed by Qatar Gas that liquefied natural gas (LNG) shipments to the country will remain suspended...

Govt increases petrol & diesel prices by Rs55 per litre amid Middle East tensions

ISLAMABAD: The federal government has approved a significant increase in the prices of petroleum products, raising both petrol and high-speed...

Goods transporters announce 20pc fare hike after fuel price surge

LAHORE: President of the Pakistan Goods Transport Alliance Malik Shahzad Awan has strongly reacted to the recent increase in petroleum...

FBR unveils National Cargo Tracking System & e-Bilty for cargo monitoring

ISLAMABAD: Pakistan’s tax authority has taken a major step toward modernizing cargo monitoring with the launch of a new digital...

IMF urges Pakistan to increase petrol prices immediately

ISLAMABAD: The International Monetary Fund (IMF) has urged Pakistan to immediately increase petrol and diesel prices. According to sources, the...

Pakistan earns $600,000 per day from flights using its airspace

KARACHI: The situation in the Middle East has led to an increase in flights passing through Pakistan's airspace. The number...

Minister highlights shipping opportunities as global trade routes face challenges

ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Thursday chaired a high-level meeting to assess emerging logistical...

ICCI President leads delegation in meeting with DG Tax

ISLAMABAD: A delegation of the Islamabad Chamber of Commerce and Industry (ICCI) led by its President Sardar Tahir Mehmood held...

Pakistan banking assets rise from Rs25 billion to Rs69 trillion since 1970s: report

KARACHI: Pakistan’s banking sector expanded sharply over the past five decades, with total monetary assets increasing from less than Rs25...

ECC approves Rs3b gas schemes, Rs3.63b disaster funding, power sector reforms

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday approved multiple technical supplementary grants (TSGs), funding for disaster...

Uninterrupted petroleum supply top priority: Finance Minister