Meezan Bank loses super tax battle to Federal Board of Revenue

ISLAMABAD: The Cabinet Committee on Energy, chaired by Prime Minister Shehbaz Sharif, has approved proposed amendments to the Pakistan Oil...

FBR issues special tax scheme for small retailers

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a notification introducing a special tax procedure for small retailers. According...

S&P Global expects State Bank to keep cautious monetary stance despite economic gains

ISLAMABAD: Pakistan's improving economic indicators are unlikely to trigger an immediate shift in monetary policy, with the State Bank of...

ECC approves new export subsidy schemes to boost Pakistan exports

ISLAMABAD: The Economic Coordination Committee (ECC) has approved three new export finance subsidy schemes aimed at boosting Pakistan’s exports, improving...

SBP buys over $15.4b from forex market between 2024 & 2026

ARACHI: The State Bank of Pakistan (SBP) conducted net foreign exchange interventions worth $15.4 billion between June 2024 and April...

Pakistan eyes $20b trade with US within five years, says Ishaq Dar

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar on Tuesday expressed confidence that bilateral trade between Pakistan and the...

PICT enters logistics business as part of expansion strategy

KARACHI: Pakistan International Container Terminal Limited (PICT) has entered the logistics services business as part of its future business plan...

FPCCI criticizes SBP for keeping interest rate at 11.5%

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly criticized the State Bank of Pakistan’s (SBP)...

FTO declares higher tax deduction on teachers’ examination duty unlawful

LAHORE The Federal Tax Ombudsman (FTO) has ruled that the Federal Board of Revenue (FBR) was incorrectly applying a higher...

KP introduces 5% sales tax on cryptocurrency trading services

PESHAWAR: The Government of Khyber Pakhtunkhwa (KP) has introduced a 5% sales tax on cryptocurrency and digital asset trading services,...

Minister directs expansion of fruit bagging initiative, backs local manufacturing

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan reviewed the performance of the Pakistan Horticulture Development & Export Company (PHDEC)...

FBR begins receiving annual income tax returns for tax year 2026

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has announced the commencement of annual income tax return filing...

SBP keeps policy rate unchanged at 11.50pc

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to keep the policy rate...

FBR can disconnect gas & electricity of non-compliant Tier-1 retailers

ISLAMABAD: The Federal Board of Revenue (FBR) has the legal authority to order the disconnection of gas and electricity connections...

Bank officials to face penalties in KP for obstructing tax recovery

PESHAWAR: The Government of Khyber Pakhtunkhwa (KP) has strengthened its tax recovery framework by introducing tougher penalties for bank officials...

FBR uncovers major fuel tax evasion as 8,348 metric tons of petrol go missing

ISLAMABAD: A major tax evasion scandal has surfaced in Pakistan's oil industry after thousands of metric tons of imported petrol...

Amid Hormuz instability, attention shifts to Pakistan’s Gwadar port

25/07/2026

GWADAR: Iran has closed and reopened the Strait of Hormuz several times since the US-Iran war began in February. When...

Pakistan-Libya trade has potential to exceed $1bn, claims LCCI President Saigol

25/07/2026

LAHORE: Lahore Chamber of Commerce and Industry hosted a seminar titled “Enhancing Pakistan-Libya Trade and Economic Cooperation”, attended by Major...

SBP foreign exchange reserves increase by $33m