KCCI condemns shooting of Karachi industrialist, cites security fears

KARACHI: The Directorate General of Customs Valuation issued Valuation Ruling No. 2070/2026, replacing the earlier Valuation Ruling No. 2035/2026 dated...

PM Shehbaz directs faster rollout of electric vehicles policy

ISLAMABAD: Prime Minister Shehbaz Sharif has directed authorities to accelerate measures for the promotion of electric vehicles (EVs) in the...

Pakistan’s imports from Middle East fall 18% in March, exports edge up 1% amid war disruption

ISLAMABAD: Despite being a main source of energy imports, Pakistan’s imports from the Middle East fell 18% year-on-year in March,...

FBR loses major tax battle: ATIR grants huge relief to MCB Bank over minimum tax

ISLAMABAD: The Federal Board of Revenue (FBR) recently faced a major legal defeat. The Appellate Tribunal Inland Revenue (ATIR) in...

ADB, NHA sign deal to develop two sections of M6 Hyderabad-Sukkur Motorway

ISLAMABAD: The Asian Development Bank (ADB) and the National Highway Authority (NHA) on Tuesday signed an agreement to develop two...

DG Valuation revises import values for polyester yarn amid war crisis vide VR No.2069/2026

KARACHI: The Directorate General of Customs Valuation, a division of the FBR, issued Valuation Ruling No. 2069/2026 on April 16,...

OICCI proposes 5pc cap on withholding tax, calls for reforms

KARACHI: The Overseas Investors Chambers of Commerce and Industry (OICCI) has proposed capping withholding tax rates at 5%, urging the...

Zong launches Pakistan’s first 5G facilitation Kiosk at Islamabad Airport

ISLAMABAD: Zong, Pakistan’s leading technology services enterprise, has set a new industry benchmark by launching the country’s first dedicated 5G...

LHC allows Rs11.2b cost equalisation adjustment deduction for SNGPL in tax dispute

LAHORE: The Lahore High Court has ruled that the Cost Equalisation Adjustment claimed by Sui Northern Gas Pipelines Limited qualifies...

Pakistan secures $1bn from Saudi Arabia as second tranche of $3bn deposit

KARACHI: The State Bank of Pakistan (SBP) confirmed on Tuesday that the country has received $1 billion from Saudi Arabia,...

EU Ambassador invites Pakistan to high-level business forum

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has underscored Pakistan’s steady return to macroeconomic stability and renewed...

Pakistan, IMF agree on 11 structural reform targets for next fiscal year

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have reached agreement on a fresh set of structural benchmarks aimed at...

Another ship carrying 37,400 metric tons of petrol docks at Port Qasim

KARACHI: The Pakistan National Shipping Corporation (PNSC) vessel ‘Bolan’ has arrived at Port Qasim carrying a large consignment of petrol...

Azerbaijan says ready to supply LNG as Pakistan faces shortages amid Mideast conflict

ISLAMABAD: Azerbaijan’s state energy company Socar is ready to supply liquefied natural gas (LNG) to Pakistan as soon as it...

170 KPT officials promoted after 24-year delay

KARACHI: The government has approved long-delayed promotions for 170 members of the Karachi Port Security Force, ending a 24-year stagnation...

Punjab Assembly suspends revised agricultural income tax rates

LAHORE: The Punjab Assembly has halted the enforcement of revised agricultural income tax rates, declaring recent government notifications unlawful and...

Pakistan decides to increase Eurobond issuance to over $1bn

ISLAMABAD: Pakistan has decided to increase its Eurobond issuance to $1 billion from $750 million, sources said on Tuesday, a...

Power demand rises as heat intensifies; LNG cargoes sought to avert load-shedding

20/04/2026

ISLAMABAD: As temperatures climb across the country, electricity demand has surged, prompting the Power Division to request four Liquified Natural...

Pakistan upsizes Eurobond issuance to $750m amid ‘strong investor demand’