Pakistan assures IMF to replace 200-unit power subsidy with targeted system

07/05/2026

KARACHI: The federal government is set to transfer ownership of Pakistan International Airlines to a new consortium later this month,...

FBR to collect Climate & Petroleum Levies Under New Rules

07/05/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has been authorized to collect the Climate Support Levy (CSL) and Petroleum Development...

Govt introduces public-driven model for area development projects

ISLAMABAD: Now citizens have been given the right to suggest development schemes for their areas. As per new guidelines issued...

ICCI, Ministry of Education join hands to develop market-driven curriculum

ISLAMABAD: The Ministry of Federal Education and Professional Training and the Islamabad Chamber of Commerce and Industry have agreed to...

PM Shehbaz directs FBR to double revenue generation from enforcement measures next year

ISLAMABAD: Prime Minister Shahbaz Sharif has directed the Federal Board of Revenue (FBR) to double revenue generation through enforcement measures...

FBR awards major penalty ‘dismissal from service’ to customs inspector Shahroz Khaliq

LAHORE: The Federal Board of Revenue (FBR) has dismissed a customs official from service on charges of prolonged unauthorized absence,...

Pakistan seeks to expand transit pact bypassing Afghanistan to include Tajikistan, Uzbekistan

KARACHI: Pakistan’s Special Envoy to Afghanistan Mohammad Sadiq has said that he held talks on expanding a regional transit framework...

Pakistan ‘seeks bids’ for two LNG cargoes amid supply concerns

KARACHI: Pakistan has issued spot tenders to procure liquefied natural gas (LNG) for May, seeking to secure supplies amid growing...

Minister Bilal holds consultations with Nestlé, PMI ahead of federal budget 2026–27

ISLAMABAD: Minister of State for Finance and Revenue Bilal Azhar Kayani chaired a consultative meeting with a delegation from Nestlé...

Kiyani holds consultative meeting with Philip Morris International

ISLAMABAD: A high-level delegation from Philip Morris International (PMI) called on Minister of State for Finance and Revenue Bilal Azhar...

Jam Kamal holds virtual talks with USTR to strengthen trade cooperation

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan held a virtual meeting with Rick Switzer, Deputy U.S. Trade Representative (USTR),...

Pakistan’s financial system remained resilient in 2025 despite global uncertainties: SBP

KARACHI: The State Bank of Pakistan (SBP) said the country’s financial system remained stable and resilient during calendar year 2025,...

Capital market strength essential for economic stability: FinMin Aurangzeb

ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb has said that a strong capital market is essential for economic stability and...

Punjab revises property valuation rates to attract UAE & Gulf investors

LAHORE: The Punjab government has started revising property valuation rates across multiple districts in an effort to attract foreign investment,...

PTBA urges FBR to halt default surcharge on Super Tax amid legal concerns

LAHORE: The Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to immediately instruct its field...

FTO dismisses Rs70m tax evasion complaint

LAHORE: The Federal Tax Ombudsman (FTO) has dismissed a complaint involving alleged tax evasion of over Rs70 million, reiterating that...

FBR waives penalties on Rs8.77b tax liability of PIA

ISLAMABAD: The Federal Board of Revenue (FBR) has announced a waiver of penalties and default surcharge on tax liabilities amounting...

Gwadar receives first diverted transhipment cargo of May amid Hormuz disruption

GWADAR: Pakistan’s Gwadar Port handled its first diverted international cargo shipment for May on Monday, as regional maritime disruptions linked...

Pakistan exports rise but trade deficit swells to over $4bn in April 2026