SBP directs banks to integrate with PSW price verification portal by July 31
KARACHI: The State Bank of Pakistan (SBP) has directed all commercial banks operating as authorised dealers in foreign exchange to...
FBR abolishes CTO Islamabad, renames MTO Karachi as CTO-II
ISLAMABAD: The Federal Board of Revenue (FBR) has abolished the Corporate Tax Office (CTO) Islamabad, established a new Regional Tax...
IMF sets new conditions for settlement of gas sector circular debt
ISLAMABAD: The International Monetary Fund (IMF) has proposed new conditions for resolving Pakistan’s gas sector circular debt, including formal recognition...
FIA sets up Cryptocurrency Investigation Unit to tackle financial crimes
ISLAMABAD: The Federal Investigation Agency (FIA) has established a Cryptocurrency Investigation Unit on the special instructions of the FIA Director...
FBR notifies jurisdiction of CCIR at CTO-II Karachi
ISLAMABAD: The Federal Board of Revenue (FBR) has notified the jurisdiction, powers and functions of the Chief Commissioner Inland Revenue...
Pakistan starts daily petrol, diesel updates from today
ISLAMABAD: Pakistan has introduced a new daily pricing mechanism for petroleum products, replacing the previous periodic revision system. Under the...
Pakistan allows 26 World Food Programme containers to enter Afghanistan via Torkham
KHYBER: Pakistani customs authorities on Monday issued gate passes to as many as 26 World Food Programme (WFP) containers carrying...
ICCI hosts seminar to unlock untapped Pakistan-Netherlands trade potential
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) hosted a seminar titled “Enhancing Bilateral Trade between Pakistan and the...
SC rejects FBR bid to impose 35pc tax on dividend income
ISLAMABAD: The Supreme Court has dismissed all appeals filed by the Federal Board of Revenue (FBR) seeking to impose a...
Pakistan, Canada vow to deepen cooperation in trade, investment
ISLAMABAD: Pakistan and Canada on Monday agreed to deepen bilateral cooperation in trade, investment, agriculture and other key sectors as...
Punjab raises concessionary tax rate to 8pc for hotels & restaurants
LAHORE: The Punjab government has increased the concessionary sales tax rate on services provided by hotels and restaurants from 5...
Freelancers earn record $1.76b in FY26 says SBP
KARACHI: Pakistani freelancers earned a record $1.76 billion in foreign exchange during fiscal year 2025-26 (FY26), marking a 78 percent...
Pakistan’s technology exports hit record $4.6b in FY26: Khurram
ISLAMABAD: Adviser to the Finance Minister Khurram Schehzad has said that Pakistan’s technology exports surged to an all-time high of...
Pakistan’s oil import bill exceeds IMF estimate amid global price surge
ISLAMABAD: Pakistan's annual petroleum import bill exceeded the International Monetary Fund's (IMF) forecast during fiscal year 2025-26 after a sharp...
FBR notifies sales tax rules for digitally integrated footwear supply chains
ISLAMABAD: The Federal Board of Revenue (FBR) has issued Sales Tax General Order (STGO) No. 11 of 2026, clarifying the...
FBR exempts certain POS-compliant footwear supplies from retail price tax
ISLAMABAD: The Federal Board of Revenue (FBR) has excluded certain supplies made through digitally integrated and point-of-sale-compliant channels from the...
Tax backlog hits 68,000 despite 24 private members inducted on monthly salaries of up to Rs2.6m; review panel formed
ISLAMABAD: Pakistan’s tax litigation backlog has climbed to around 68,000 cases despite the appointment of 24 private-sector members to the...
Bahrain pulls $30m from Pakistan bonds as Gulf war weighs on foreign investment
ISLAMABAD: Bahrain withdrew $30 million from Pakistan’s domestic bonds during the first 10 days of FY2026-27 as the Gulf conflict...
Aurangzeb reviews digital overhaul of FBR through Faceless Centre
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a meeting to review the implementation roadmap and operational...
Petrol pump owners reject proposed deregulation policy, warn of strike
RAWALPINDI: The All Pakistan Petroleum Dealers Association has rejected the government’s proposed petrol and diesel price deregulation policy and warned...
