Petroleum levy on petrol raised to Rs70.36, cut to Rs70.82 on diesel

LONDON: A Pakistani premium olive oil brand has brought international recognition to the country after winning a gold medal at...

Abbasi meets Gujrat Chamber delegation

ISLAMABAD: Federal Minister for Railways Muhammad Hanif Abbasi on Friday met with a delegation of the Gujrat Chamber of Commerce...

FBR tightens monitoring of bonded POL warehouses to prevent unauthorised fuel movement

LAHORE: The Federal Board of Revenue (FBR) has tightened monitoring of public bonded warehouses handling petroleum, oil and lubricants (POL)...

PM Shehbaz hails FBR for surpassing historic revenue target

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Thursday lauded senior officers of the Federal Board of Revenue (FBR) for surpassing...

Pakistan invites Turkish investment in maritime sector at Istanbul summit

ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has said that green shipping, resilient supply chains, the blue...

Govt working to resolve traders’ issues, says Aurangzeb

ISLAMABAD: Federal Finance Minister Muhammad Aurangzeb said the government is engaging with major chambers of commerce across the country to...

Faulty tax calculations cost FBR Rs118b in super tax: Audit Report

ISLAMABAD: The Federal Board of Revenue (FBR) suffered a revenue shortfall of nearly Rs. 118 billion in super tax over...

Islamabad High Court blocks NHA notification on toll fees

ISLAMABAD: Islamabad High Court (IHC) has stopped the National Highway Authority (NHA) from charging additional toll tax on citizens using...

Pakistan’s GDP growth for FY26 to remain above govt estimate: SBP governor

ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad on Friday projected that the country’s economic growth will be higher...

Inside the numbers: Pakistan hits 8.2 million active taxpayers

ISLAMABAD: In Pakistan’s tax ecosystem, the number of active taxpayers in the country stands at 8,297,638 according to the latest...

KP allocates Rs2bn to clear District Development Plan dues

PESHAWAR: The Khyber Pakhtunkhwa government has made a special allocation of Rs2 billion to clear outstanding payments for locally initiated...

Empowering teachers with 21st Century skills vital to build Pak’s future: ICCI President

ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICCI), Sardar Tahir Mehmood, has said that empowering teachers with modern teaching...

Banks to cover remittance transfer costs as SBP ends incentive

KARACHI: The State Bank of Pakistan (SBP) has discontinued the Telegraphic Transfer Charges Incentive Scheme (TTCIS), which reimbursed banks for...

Pakistan Customs posts 33pc increase in revenue collection

ISLAMABAD: Pakistan Customs has collected a record Rs. 467 billion in import taxes in June 2026, marking a 33 percent...

Bank of Punjab becomes first provincial bank to achieve Pakistan’s highest credit rating

LAHORE: The Bank of Punjab (BOP) has been upgraded to a long-term entity rating of AAA from AA+ by The...

Punjab Revenue Authority collects record Rs367bn tax in FY 2025–26

LAHORE: The Punjab Revenue Authority (PRA) has achieved its highest-ever tax collection in the financial year 2025–26, collecting more than...

Fuel prices remain unchanged as govt adjusts levies

ISLAMABAD: The federal government has decided to double the Climate Support Levy on petrol and diesel to Rs5 per litre,...

Sindh Revenue Board collects Rs370b in taxes in FY26

KARACHI: The Sindh Revenue Board (SRB) collected a record Rs370.06 billion in FY2025-26, up 20.17% from Rs307.93 billion in the...

Pakistan’s forex reserves fall by $1.3b as SBP repays external debt