ECC approves recommendations for upcoming spectrum auction: Aurangzeb

KARACHI: PayFast, Pakistan’s leading payment gateway, on Friday marked eight years of operations with the launch of Rah-e-Raast, a doorstep...

Commerce ministry clarifies stance on Pakistan-Afghanistan border closure

LAHORE: The Ministry of Commerce has issued its position regarding the closure of the Pakistan-Afghanistan border, making it clear that Pakistan’s...

Time-barred tax appeals dismissed – called for probe into FBR inefficiency

LAHORE: The Lahore Tax Bar Association’s Public Interest Litigation Committee (LTBA-PILC) has urged Finance Minister Senator Muhammad Aurangzeb to order...

Pakistan’s petroleum imports decrease by 1.63pc to $6.416b

ISLAMABAD: The imports of the overall petroleum group decreased by 1.63 percent during the first five months of the current fiscal...

Karachi Enforcement recovers 64,578 litres of smuggled oil, vehicle worth Rs20m

KARACHI: In a major intelligence-based operation, Customs Enforcement Karachi has recovered 64,578 litres of smuggled Iranian diesel and petrol valued at...

Forex reserves hit three-year high; import cover improves without debt buildup: Khurram

ISLAMABAD: Advisor to the Finance Minister Khurram Schehzad has said that Pakistan’s foreign exchange reserves have reached their highest level...

FBR reports 30pc drop in Karachi electricity tax collection during 5MFY26

ISLAMABAD: The Federal Board of Revenue (FBR) has reported a significant 30% decline in tax collection from electricity consumption in Karachi...

FBR may target third parties to recover taxes in FY2026

ISLAMABAD: In tax year 2026, individuals and entities holding money on behalf of tax defaulters may also face recovery action,...

Five Pakistani business groups to invest billions of dollars in Balochistan’s mineral sector

ISLAMABAD: Five of Pakistan’s major business groups have announced a multibillion-dollar investment in the country’s mineral resources. Under the signed...

Khurram briefs International Fintech Investors on reform, digital growth

ISLAMABAD: Advisor to the Finance Minister of Pakistan, Khurram Schehzad, held a high-level strategic meeting with a delegation of leading international...

Customs Enforcement seizes smuggled goods worth Rs20m

KARACHI: In line with the Federal Board of Revenue’s sustained efforts to curb smuggling and protect the national exchequer, the...

Pakistan’s exports to US drop 8pc to $439m in November, despite tariff advantage

KARACHI: Pakistan’s exports to the United States fell by 8% in November, amounting to $439 million, down from $476 million...

PMA rejects FBR plan to hire 2,000 private auditors

KARACHI: Senior doctors representing the Pakistan Medical Association (PMA) have warned that private healthcare services across the country could be...

Quetta Customs seizes nine NCP vehicles, smuggled goods worth Rs121.6m

QUETTA: In a major anti-smuggling operation, the Collectorate of Enforcement Quetta successfully seized nine (09) Non-Custom-Paid (NCP) vehicles along with...

Exports growth vital for Pakistan’s economic development: PM Shehbaz

LAHORE: Prime Minister Muhammad Shehbaz Sharif has said that a sustained increase in exports was essential for Pakistan’s economic development and...

Weekly inflation rises 0.24pc as food prices bite consumers

ISLAMABAD: Pakistan’s weekly inflation recorded an increase of 0.24%, according to the latest report released by the Pakistan Bureau of Statistics...

World Bank approves $700m financing for Pakistan to support macroeconomic stability

ISLAMABAD: The World Bank has approved $700 million in loans to Pakistan through a multi-year funding operation to support country’s economy....

Mobile phone imports jump over 40% in FY26’s first five months, SBP payments far lower

KARACHI: Pakistan’s mobile phone imports rose sharply during the first five months of the current fiscal year, even as State...

ECNEC nods to 11 projects