Pak-Italy trade witnesses over 18pc surplus in 10 months

RAWALPINDI: Hinza Asif, President of Asia Web3 Alliance Japan (AWAJ), held a productive meeting with the President of the Rawalpindi...

Karachi Port completes Pakistan’s first 1,500-tonne VLSFO bunkering operation

KARACHI: Karachi Port Trust (KPT) has facilitated Pakistan's first-ever delivery of 1,500 metric tonnes of IMO-compliant Very Low Sulphur Fuel...

Maritime affairs minister steps up efforts to free Pakistani seamen held by Somali pirates

KARACHI: Islamabad has intensified diplomatic efforts to secure the release of Pakistani crew members being held hostage by pirates aboard...

Peshawar Customs to auction over 60 vehicles on June 10, 2026

PESHAWAR: The Collectorate of Customs (Enforcement), Peshawar, has announced a public auction of more than 60 seized and confiscated vehicles,...

FTO orders FBR to withdraw penalties imposed on NBP branch manager

LAHORE: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to withdraw penalties imposed on a...

FBR to launch crackdown on non-filers flaunting wealth on social media

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to launch a large-scale crackdown from October 1 of the next...

FBR collects Rs518b tax from salaried class in 11 months

ISLAMABAD: The Federal Board of Revenue (FBR) has collected over Rs518 billion in salary tax during the first eleven months...

FBR revises cargo declaration rules for importers, sets August 15 implementation date

ISLAMABAD: The Federal Board of Revenue (FBR) has revised the requirements for incoming cargo declarations (IGMs) for import consignments, with...

Govt borrows Rs3.5 trillion in 11 months despite IMF warning

KARACHI: The federal government borrowed Rs3.5 trillion from commercial banks in the first 11 months of fiscal year 2026, State...

Pakistan ‘considers’ changing federal budget 2026–27 presentation date

ISLAMABAD: The federal government is reportedly considering a change in the previously announced date for the presentation of the 2026–27...

FBR collects Rs518b in Salary Tax

ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs518.48 billion in income tax from salaried individuals during the first eleven...

DG Valuation revises customs values for imported passenger tyres vide VR No.2086/2026

KARACHI: The Federal Board of Revenue (FBR) has revised the customs values of imported tyres and tubes for passenger vehicles,...

Fixed Tax Scheme to encourage voluntary compliance, broader tax base: ICCI

ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICCI), Sardar Tahir Mehmood, has welcomed the government’s Fixed Tax Facilitation Scheme....

Federal govt proposes major increase in GB development budget

ISLAMABAD: The federal government has proposed a significant increase in the development budget for Gilgit-Baltistan for the fiscal year 2026-27....

Pakistan cuts petrol price by Rs4 per litre

ISLAMABAD: Pakistan has announced a reduction in petrol prices in its latest weekly fuel price review, providing some relief to...

Pakistan signs MoU with Saudi, local partners to explore development of a maritime business

KARACHI: Pakistan has signed a memorandum of understanding (MoU) with Saudi and local partners to explore development of a maritime...

Pakistan, Saudi Arabia sign multiple investment agreements covering infrastructure & key sectors

RIYADH: Pakistan and Saudi Arabia have finalized multiple investment agreements aimed at expanding economic cooperation, with deals covering infrastructure, energy,...

FBR plans mandatory retail price labels on food items in budget 2026-27

ISLAMABAD: The Federal Board of Revenue (FBR) is considering making it mandatory to print retail prices on essential consumer goods...

Bilal Kayani chairs consultative meeting with Daraz, Alibaba representatives