EU Ambassador invites Pakistan to high-level business forum

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have reached agreement on a fresh set of structural benchmarks aimed at...

Another ship carrying 37,400 metric tons of petrol docks at Port Qasim

KARACHI: The Pakistan National Shipping Corporation (PNSC) vessel ‘Bolan’ has arrived at Port Qasim carrying a large consignment of petrol...

Azerbaijan says ready to supply LNG as Pakistan faces shortages amid Mideast conflict

ISLAMABAD: Azerbaijan’s state energy company Socar is ready to supply liquefied natural gas (LNG) to Pakistan as soon as it...

170 KPT officials promoted after 24-year delay

KARACHI: The government has approved long-delayed promotions for 170 members of the Karachi Port Security Force, ending a 24-year stagnation...

Punjab Assembly suspends revised agricultural income tax rates

LAHORE: The Punjab Assembly has halted the enforcement of revised agricultural income tax rates, declaring recent government notifications unlawful and...

Pakistan decides to increase Eurobond issuance to over $1bn

ISLAMABAD: Pakistan has decided to increase its Eurobond issuance to $1 billion from $750 million, sources said on Tuesday, a...

Power demand rises as heat intensifies; LNG cargoes sought to avert load-shedding

ISLAMABAD: As temperatures climb across the country, electricity demand has surged, prompting the Power Division to request four Liquified Natural...

Pakistan upsizes Eurobond issuance to $750m amid ‘strong investor demand’

ISLAMABAD: The federal government has upsized its Eurobond issuance to $750 million, with an additional $250 million placed with global...

PFC welcomes easing of shipping costs, expects relief in trade pressures

LAHORE: The Pakistan Furniture Council has expressed cautious optimism over the expected easing of shipping and freight costs following improvements...

Ethiopian Airlines plans direct Lahore flights to boost trade, connectivity

LAHORE: Ethiopia’s Ambassador to Pakistan, Dr Oumer Hussein Oba, informed Commerce Minister Jam Kamal Khan that Ethiopian Airlines is planning...

Pakistan’s shipping activity remains uninterrupted despite Hormuz tensions

KARACHI: Shipping activity in Pakistan has remained uninterrupted despite tensions in the Strait of Hormuz, with oil tankers continuing to...

FBR suspends six customs officers in silver swap case, launches criminal probe

ISLAMABAD: The Federal Board of Revenue (FBR) has taken major action in the ongoing silver swap case, suspending several customs...

Construction of floating jetty at Karachi harbor begins to boost seafood exports

KARACHI: Pakistan has begun construction work on an environmentally efficient floating jetty at the Kur'angi Fisheries Harbor Authority (KoFHA) in...

Govt unveils smart meter plan with IFC for 10 million users

ISLAMABAD: The Power Division signed a Transaction Advisory Services agreement with the International Finance Corporation on Monday. The deal aims...

FBR arrest powers curtailed as govt pushes tax reforms, Kayani says

KARACHI: Bilal Azhar Kayani has confirmed that the arrest powers of Federal Board of Revenue (FBR) officials have been significantly...

FBR reprimanded over ‘coercive’ super tax recovery, FTO orders suspension

ISLAMABAD: In a significant development, the Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to halt...

PBC urges FBR to withdraw default surcharge notices on super tax

ISLAMABAD: The Pakistan Business Council has called on the Federal Board of Revenue to immediately withdraw what it termed “illegal”...

Tax audit recoveries surge 110pc in FY2024-25: FBR

ISLAMABAD: Income tax recoveries through audit proceedings jumped by 110% in fiscal year 2024-25, signaling stronger enforcement and improved audit...

Pakistan returns $2b to UAE, confirms State Bank of Pakistan