Tahir Ayub demands investment-friendly environment

LAHORE: The Federal Tax Ombudsman has directed the Federal Board of Revenue (FBR) to finalise lawful tax registration for a...

LTO Karachi targets 174 taxpayers in foreign assets scrutiny campaign

KARACHI: The Large Taxpayers Office (LTO) Karachi has launched a major scrutiny exercise targeting 174 high-profile taxpayers over their foreign...

Govt raises jet fuel price by Rs13.23 per litre

ISLAMABAD: The government has increased the price of jet fuel by Rs13.23 per litre, according to official sources, marking another...

IMF to provide additional $3.6b to Pakistan over next 14 months

ISLAMABAD: The International Monetary Fund (IMF) will provide Pakistan an additional $3.6 billion over the next 14 months under its...

Pakistan, US make significant progress towards reciprocal trade accord after Washington talks

WASHINGTON/ISLAMABAD: Pakistan and the United States have made significant progress in negotiations on a proposed reciprocal trade agreement following two...

FBR to collect taxes first on auctioned goods

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new legal framework requiring taxes and other government dues to...

New auto policy proposes sales tax cut on 800cc cars in Pakistan

ISLAMABAD: The federal government is considering reducing the sales tax on locally assembled 800cc cars from 18% to 12.5% under...

Pakistan emerges as world’s third-largest solar panel importer, report says

ISLAMABAD: Pakistan has become the world's third-largest importer of solar panels after importing 17 gigawatts (GW) of solar power systems...

FBR deploys new powers to punish tax dodgers avoiding digital monitoring

ISLAMABAD: The Federal Board of Revenue (FBR) blocked refunds worth more than Rs6 billion belonging to taxpayers who failed to...

Karachi raises flour prices as new official rates take effect

KARACHI: The Karachi administration has increased the official wholesale and retail prices of flour across the city, according to a...

LCCI holds seminar on export opportunities for Pakistan

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Faheem Ur Rehman Saigol has stressed the need to increase Pakistan’s...

Pakistan’s total liquid foreign reserves reach near $24b, SBP holds 18.47b

KARACHI: The total liquid foreign reserves of Pakistan surged to US$ 23,988.7 million at the start of the new financial...

CDNS exceeds Shariah investment target, mobilises Rs61b in FY2025-26

KARACHI: The Central Directorate of National Savings (CDNS) has surpassed its annual target for Shariah-compliant investments by mobilising Rs61 billion...

Punjab introduces simplified tax deduction system for digital payments

LAHORE: The Punjab Revenue Authority (PRA) has implemented a new and simplified tax deduction system for digital payments across the...

Customs Enforcement starts inquiry into senior officials over abuse of EFS

ISLAMABAD: The Collectorate of Customs (Enforcement), Karachi has uncovered an alleged large-scale misuse of the Export Facilitation Scheme (EFS) by...

FBR notifies overstayed cargo management rules from August 31

ISLAMABAD: The Federal Board of Revenue (FBR) has notified the Overstayed Cargo Management Rules, 2026, introducing a fully automated mechanism...

FBR likely to collect Rs410b customs duty from petroleum products in FY2026-27

ISLAMABAD: The Federal Board of Revenue (FBR) has projected customs duty collection of more than Rs410 billion from petroleum product...

World Bank approves $375.9m for Pakistan’s power grid modernisation

WASHINGTON: The World Bank's Board of Executive Directors has approved $375.9 million in financing for Pakistan's Grid Stability Enhancement Project,...

Pakistan resumes potato exports to Russia after import restrictions eased