FBR clarifies tax relief for builders under special regime

ISLAMABAD: The Pakistan Mobile Phone Manufacturers Association (PMPMA) has raised concerns over the sale of smuggled, stolen and counterfeit mobile...

Textile exporters warn of factory closures as costs surge, refunds delayed

ISLAMABAD: The textile export industry has raised concerns over rising costs and policy constraints, warning that current conditions could lead...

FBR reforms to eliminate tax evasion, non-filers

FAISALABAD: The Federal Board of Revenue (FBR) is undertaking extensive reforms and structural changes aimed at completely eliminating tax evasion...

DG Valuation raises customs value on imported used iPhones

KARACHI: Pakistan Customs has notified revised enhanced customs values for imported old and used Apple iPhones, a move that is...

Pakistan notifies new transit rules to boost trade corridor with Iran

ISLAMABAD – Pakistan has formally issued the “Transit of Goods through Territory of Pakistan Order 2026,” a strategic move aimed...

Importance of Iran–Pakistan gas pipeline, rare earth minerals highlighted

LAHORE: Federal Tax Ombudsman (FTO) Coordinator Saif Ur Rehman has said, Iran–Pakistan gas pipeline and rare earth minerals hold immense...

IMF board to review $1.2bn Pakistan disbursement on May 8

ISLAMABAD: The International Monetary Fund (IMF) executive board is scheduled to meet on May 8 to consider approving more than...

Storage charges reduced by 25pc to 50pc at Karachi port terminals

KARACHI: Federal Minister for Maritime Affairs Junaid Anwar Chaudhry announced a major relief measure for exporters announcing 25% to 50%...

SBP hikes policy rate by 100 basis points to 11.50pc

KARACHI: The State Bank of Pakistan (SBP) raised its benchmark policy rate by 100 basis points (bps) to 11.5% on...

PVARA issues advisory requiring prior authorization for virtual asset pilots & partnerships

ISLAMABAD: The Pakistan Virtual Assets Regulatory Authority (PVARA) has today issued a Regulatory Advisory clarifying that any virtual asset pilot,...

FBR connects nearly 36,000 retail outlets to digital tax system

ISLAMABAD: The Federal Board of Revenue (FBR) has connected 35,953 branches of retailers, restaurants, and textile outlets to its Point...

PM Shehbaz directs crackdown on $430m solar panel scandal

ISLAMABAD: Prime Minister Shehbaz Sharif has ordered immediate legal and disciplinary action against those involved in a massive 120 billion...

ECC allows import of used vehicles, auto parts for repair and re-export

ISLAMABAD: The Economic Coordination Committee (ECC) on Monday approved the temporary import of used vehicles and auto parts for repair,...

Japanese company announces major investment in Pakistan auto parts sector

KARACHI: A positive development has emerged for Pakistan’s auto industry as a multinational Japanese company announced major investment to promote...

Ogra allows Cnergyico to export 40,000 tonnes furnace oil in April as surplus builds

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has approved export of up to 40,000 metric tonnes of furnace oil for...

FILE PHOTO: Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson

3,000 Iran-bound containers stranded at Karachi port as Hormuz tensions disrupt shipping

KARACHI: Around 3,000 containers destined for Iran remain stranded at Karachi port as vessels scheduled to collect them have failed...

FPCCI to offer tax reform roadmap to help FBR meet revenue targets

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry has announced plans to provide strategic guidelines to the Federal...

Pakistan moves to empower women and microenterprises through SMEDA-PIFD partnership

LAHORE: The Government of Pakistan has reiterated its commitment to strengthening women empowerment and expanding microenterprise development as key drivers...

Pakistan receives bids for three LNG cargoes for April-May delivery