Imported phones taxed at 54%, locally assembled devices at 25%, NA committee told

LAHORE: A sweeping investigation by the Federal Board of Revenue (FBR) has uncovered large-scale corruption within Pakistan Customs, resulting in...

ZLK Islamic Financial Services Engages with Turkish Ambassador

ISLAMABAD: Zahid Latif Khan, Chairman of ZLK Islamic Financial Services (Pvt.) Limited, along with Mr. Muhammad Abdullah Khan, Business Executive...

ICCI-CDA join hands to uplift the city

ISLAMABAD: The newly appointed Chief Commissioner Islamabad and Chairman of the Capital Development Authority (CDA), Lt. (R) Sohail Ashraf, has...

FCC hears challenge to Section 7E of Income Tax Ordinance over “Deemed Income” tax

ISLAMABAD: The Federal Constitutional Court (FCC) was informed on Wednesday that the levy of tax on deemed income under Section...

Pakistan gets approval to export fish to Russia

KARACHI: Federal Minister for Maritime Affairs Junaid Anwar Chaudhry has announced a major breakthrough in Pakistan’s fisheries sector, stating that...

FBR slashes Islamabad property valuation rates by up to 35pc

ISLAMABAD: The Federal Board of Revenue (FBR) has announced a significant reduction in the valuation of immovable properties in Islamabad,...

Pakistan’s total liquid foreign reserves dip to $ 20.52b

KARACHI: The total liquid foreign reserves of Pakistan stood at US$ 20,524.5 million as of April 10, 2026 while the...

Finance Minister confirms launch of Pakistan’s Global Medium-Term Note program

WASHINGTON: The Finance Minister of Pakistan, Senator Muhammad Aurangzeb, has confirmed the launch of the country’s Global Medium-Term Note (GMTN)...

Pakistan appreciates China’s continued support at IMF

WASHINGTON: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, during the fourth day of the IMF–World Bank Spring Meetings...

Saudi financial support to strengthen Pakistan’s external position: Finance Minister

WASHINGTON: Federal Finance Minister Muhammad Aurangzeb has stated that financial assistance from Saudi Arabia will play a key role in...

ICCI President warns of economic slowdown due to restrictive policies

ISLAMABAD: President Islamabad Chamber of Commerce and Industry, Sardar Tahir Mehmood has expressed grave concern over the escalating challenges faced...

KP govt database allegedly leaked on dark web

PESHAWAR: A database allegedly linked to a Khyber Pakhtunkhwa government website has been shared on the dark web, raising concerns...

CCP authorizes acquisition of Pakistani aircraft maintenance firm by UAE-based FZE

ISLAMABAD: The Competition Commission of Pakistan (CCP) has authorized the acquisition of a shareholding in M/s. Northern Technik (Private) Limited...

PRA collects over Rs250 billion in nine months of FY-2026

LAHORE: The Punjab Revenue Authority has released data for tax collection during the first three quarters of the current fiscal...

Pakistan receives funds of $2b from Saudi Arabia

KARACHI: State Bank of Pakistan has received funds of $2 billion from Ministry of Finance of Saudi Arabia. SBP shared...

IMF chief credits Pakistan’s strong programme implementation for economic stability

WASHINGTON: The International Monetary Fund’s (IMF) chief, Kristalina Georgieva, has credited Pakistan’s strong implementation of its IMF programme for maintaining...

Pakistan posts $1.07b current account surplus in March, 9MFY26 balance at $8m

KARACHI: Pakistan recorded a current account surplus of $1.07 billion in March 2026, compared to a surplus of $1.27 billion...

PM Shehbaz orders crackdown on tax fraud, over-invoicing scandal

ISLAMABAD: Prime Minister Shehbaz Sharif has ordered immediate legal action against individuals involved in large-scale over-invoicing, directing authorities to tighten...

FBR clarifies tax rules for builders, developers under Section 7F regime