Pakistan seeks three spot LNG cargoes in first tender since December 2023

ISLAMABAD: Federal Minister for Board of Investment, Qaiser Ahmed Sheikh, during his official visit to London, engaged in a high-level...

Pakistan plans one-window airport clearance with e-gates, FIA-linked security system

ISLAMABAD: Pakistan is moving to introduce a one-window airport clearance system using e-gates and integrated scanning to reduce passenger wait...

Lahore Enforcement seizes goods worth Rs13.02b in 269 anti-smuggling operations

LAHORE: The Collectorate of Customs Enforcement Lahore has recorded a significant improvement in its performance during the fiscal year 2025–26,...

Sindh partners with banks to digitise property transfer tax collection

KARACHI: The Sindh government has entered into agreements with major financial institutions to digitise the collection of property transfer taxes,...

FBR slashes property valuation rates in five cities to boost real estate activity

ISLAMABAD: Federal Board of Revenue (FBR) has reduced the valuation of immovable properties by 10% to 30% in five major...

Bank of Punjab signs strategic MoU with Stacks to advance digital remittances & financial innovation

LAHORE: The Bank of Punjab has entered into a strategic Memorandum of Understanding with Stacks, marking an important step toward...

Attock Refinery halts operations amid road closures, fuel supply risks emerge

ISLAMABAD: Attock Refinery Limited has suspended operations due to road closures linked to heightened security measures and the expected arrival...

KPRA reviews third quarter performance, charts trategy for final quarter

PESHAWAR: Collector Sales Tax on Services, Khyber Pakhtunkhwa Revenue Authority (KPRA), Muhammad Abbas Khan, chaired an internal review meeting of...

KCCI condemns shooting of Karachi industrialist, cites security fears

KARACHI: The Karachi Chamber of Commerce & Industry on (KCCI) Tuesday condemned a gun attack on a prominent industrialist in...

DG Valuation revises customs values for used imported mobile phones vide VR No.2070/2026

KARACHI: The Directorate General of Customs Valuation issued Valuation Ruling No. 2070/2026, replacing the earlier Valuation Ruling No. 2035/2026 dated...

PM Shehbaz directs faster rollout of electric vehicles policy

ISLAMABAD: Prime Minister Shehbaz Sharif has directed authorities to accelerate measures for the promotion of electric vehicles (EVs) in the...

Pakistan’s imports from Middle East fall 18% in March, exports edge up 1% amid war disruption

ISLAMABAD: Despite being a main source of energy imports, Pakistan’s imports from the Middle East fell 18% year-on-year in March,...

FBR loses major tax battle: ATIR grants huge relief to MCB Bank over minimum tax

ISLAMABAD: The Federal Board of Revenue (FBR) recently faced a major legal defeat. The Appellate Tribunal Inland Revenue (ATIR) in...

ADB, NHA sign deal to develop two sections of M6 Hyderabad-Sukkur Motorway

ISLAMABAD: The Asian Development Bank (ADB) and the National Highway Authority (NHA) on Tuesday signed an agreement to develop two...

DG Valuation revises import values for polyester yarn amid war crisis vide VR No.2069/2026

KARACHI: The Directorate General of Customs Valuation, a division of the FBR, issued Valuation Ruling No. 2069/2026 on April 16,...

OICCI proposes 5pc cap on withholding tax, calls for reforms

KARACHI: The Overseas Investors Chambers of Commerce and Industry (OICCI) has proposed capping withholding tax rates at 5%, urging the...

Zong launches Pakistan’s first 5G facilitation Kiosk at Islamabad Airport

ISLAMABAD: Zong, Pakistan’s leading technology services enterprise, has set a new industry benchmark by launching the country’s first dedicated 5G...

LHC allows Rs11.2b cost equalisation adjustment deduction for SNGPL in tax dispute

LAHORE: The Lahore High Court has ruled that the Cost Equalisation Adjustment claimed by Sui Northern Gas Pipelines Limited qualifies...

Pakistan secures $1bn from Saudi Arabia as second tranche of $3bn deposit