ICCI hails Court verdict against ‘deemed Income’ tax on properties

ISLAMABAD: Pakistan is expected to receive a $1.2 billion tranche from the International Monetary Fund (IMF) soon, as the Fund’s...

Pakistan rejects LNG spot bids hoping for cheaper Qatari supplies

LAHORE: Pakistan has decided not to approve the lowest bids submitted for two spot LNG cargoes despite receiving competitive offers...

FBR revises customs values for imported smartwatches & wearables vide VR No.2076/2026

KARACHI: The Federal Board of Revenue (FBR) has revised customs values for imported smartwatches, smart bands, and smart rings to...

FCC declares Section 7E Property Tax unconstitutional, strikes down levy nationwide

ISLAMABAD: In a landmark judgment with major implications for taxpayers and the real estate sector, the Federal Constitutional Court (FCC)...

Pakistan, Saudi Arabia explore oil refinery upgrades, energy cooperation

ISLAMABAD: Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Saeed Al-Malki to discuss upgrading Pakistan’s oil refineries and...

Govt to build 500MW floating solar project at Keenjhar Lake

KARACHI: The government has planned a 500-megawatt floating solar power project at Keenjhar Lake in Sindh with an estimated cost...

Gwadar Port chief vows 30-day free storage for goods import and export

GWADAR: Gwadar Port Authority (GPA) Chairman Noorul Haq Baloch announced a 30-day free storage period for import and export of...

Pakistan to build Energy City, multipurpose terminal at Port Qasim

KARACHI: Federal Minister for Maritime Affairs Junaid Anwar Chaudhary has said that Pakistan is considering establishing a new ‘Energy City’...

Ahad Cheema stresses transparency, efficient monitoring of PPP projects

ISLAMABAD: Federal Minister for Economic Affairs Ahad Cheema on Friday chaired a meeting to review and deliberate on key reforms...

Pakistan Single Window, TDAP sign MoU to boost Pakistan’s digital trade ecosystem

KARACHI: Pakistan Single Window (PSW) and the Trade Development Authority of Pakistan (TDAP) have signed a Memorandum of Understanding (MoU)...

FBR issues draft income tax return forms for Tax Year 2026

ISLAMABAD: Federal Board of Revenue (FBR) has issued draft income tax return forms for Tax Year 2026 and invited taxpayers,...

Foreign exchange reserves rising weekly, external debt steady at $100bn: SBP governor

ISLAMABAD: State Bank of Pakistan Governor Jameel Ahmad has said the country’s foreign exchange reserves are increasing on a weekly...

RCCI engages tax policy office on budget proposals & business reforms

RAWALPINDI: President Rawalpindi Chamber of Commerce and Industry (RCCI), Usman Shaukat, who also serves as Chairman PPMA North, held a...

Govt restricts private OMCs from importing high-speed diesel

KARACHI: The federal government has restricted private oil marketing companies (OMCs) from importing high-speed diesel (HSD), permitting only Pakistan State...

Punjab becomes first province to introduce general insurance company: Maryam Nawaz

LAHORE: Punjab has become the first province in Pakistan to introduce a general insurance company, marking a significant step towards...

Pakistans Raast hits Rs50 trillion in 2025 as digital payments surge

KARACHI: Pakistan’s digital payments landscape is expanding rapidly. The State Bank of Pakistan (SBP) released its Financial Stability Review for...

FIA seizes Rs250m in major hawala raid in Peshawar

PESHAWAR: The Federal Investigation Agency (FIA) has seized over Rs. 250 million and arrested two suspects during a major operation...

Electricity consumers likely to receive Rs63.94bn relief

ISLAMABAD: Electricity consumers across the country, including those served by K-Electric, may receive relief of up to Rs63.94 billion under...

PM Shehbaz Sharif approves 6-point plan to clear backlog of tax cases