Petroleum levy collection surges to Rs1.567tr in FY26

PESHAWAR: The Khyber Pakhtunkhwa cabinet has approved two draft notifications granting sales tax relief to local service providers and industrial...

KCCI pledges to make Pakistan more prosperous on Independence Day

KARACHI: Businessmen Group (BMG) Chairman Zubair Motiwala and Karachi Chamber of Commerce & Industry (KCCI) President Muhammad Rehan Hanif have...

FBR notifies high-ranking transfers in Pakistan Customs Service

ISLAMABAD: The Federal Board of Revenue (FBR) has announced a major reshuffle involving several senior officers of the Pakistan Customs...

FBR considers gift scheme for traders filing taxes by Sept 30

ISLAMABAD: The Federal Board of Revenue (FBR) is considering a special gift scheme for traders who submit their income tax...

SECP establishes Shariah-Compliant Brokerage Segment, approves 33 Islamic Windows

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), in a major breakthrough, has succeeded in establishing a dedicated Shariah-compliant...

FBR issues withholding tax rate card for fiscal year 2026-27

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a withholding income tax rate card for fiscal year 2026-27, outlining...

PC Board advances airport outsourcing, LESCO, MEPCO privatisation

ISLAMABAD: The Privatisation Commission (PC) Board approved key steps for outsourcing Lahore’s Allama Iqbal International Airport (AIIAP) and Karachi’s Jinnah...

EU scraps automatic GSP Plus extension, Pakistan must submit action plan on 32 UN conventions from Jan 2027

ISLAMABAD: Pakistan will no longer receive an automatic extension of its GSP Plus trade status once the European Union's new...

Pakistan, Belarus vow to promote industrial collaboration

ISLAMABAD: Pakistan and Belarus have reaffirmed their commitment to promoting technology transfer and industrial collaboration, particularly through stronger cooperation between...

FPCCI and Iran Chamber ink MoU to enhance bilateral trade & economic cooperation

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry and the Iran Chamber of Commerce, Industries, Mines and Agriculture...

Customs Appraisement issues operating procedure for newly setup cargo terminal at Port Qasim

KARACHI: The Collectorate of Customs Appraisement at Port Muhammad Bin Qasim has issued a standing order establishing operational procedures for...

Pakistan to set up 150-acre automotive processing zone at Port Qasim

KARACHI: Federal Minister for Maritime Affairs Junaid Anwar Chaudhry on Wednesday announced plans to establish an automotive processing zone on...

TPL Life expands Mobilink Bank partnership to offer Shariah-compliant insurance plans

KARACHI: TPL Life Insurance Limited has expanded its strategic partnership with Mobilink Microfinance Bank Limited (Mobilink Bank) to introduce unit-linked...

PSW, Board of Revenue Sindh sign SLA for Digital Stamp Duty collection

KARACHI: Pakistan Single Window (PSW) signed a Service Level Agreement (SLA) with the Board of Revenue Sindh (BoRS), formalizing arrangements...

FBR cuts exporters’ tax rate to 1.25pc, announces Rs361b relief package

ISLAMABAD: The Federal Board of Revenue (FBR) has reduced the tax rate applicable to exporters from 2 per cent to...

Traders filing tax returns after Sept 30 may face Rs25,000 fine

ISLAMABAD: A Rs25,000 penalty has been proposed for traders who file their income tax returns after September 30 under the...

Pakistan wins legal victory against India over basmati rice trademark in Australia

KARACHI: Pakistan has secured a major legal victory in Australia after the Federal Court dismissed an appeal by India’s Agricultural...

PBC chief, Aurangzeb agree to shift focus from economic stability to growth

ISLAMABAD: Pakistan Business Council (PBC) Chairman Ziad Bashir called on Finance Minister Muhammad Aurangzeb to discuss the economic outlook and...

Banks, financial institutions to remain closed for three days