PIA privatisation: Arif Habib consortium wins auction with Rs135b offer
ISLAMABAD: The Arif Habib Corporation Limited–led consortium acquired a majority stake in Pakistan International Airlines (PIA) with the highest bid...
Pakistan, Bangladesh agree to further strengthen economic cooperation
ISLAMABAD: Bangladesh High Commissioner to Pakistan Md Iqbal Hussain Khan called on Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial...
Qatar agrees to cancel surplus LNG cargoes as Pakistan to reopen local gas fields
KARACHI: Qatar has agreed to cancel surplus LNG cargoes, prompting the federal government to decide to reopen shut domestic gas...
State Bank, all financial institutions to remain closed on December 25
KARACHI: The State Bank of Pakistan (SBP) has announced a public holiday on December 25 across the country on the occasion...
IFC, Standard Chartered, Engro announce Rs33.6bn first-of-its-kind agri-chain financing Pakistan’s agriculture
ISLAMABAD: The International Finance Corporation (IFC) on Tuesday announced its first Pakistan rupee-denominated investment through an unfunded Partial Credit Guarantee of...
ECC approves recommendations for upcoming spectrum auction: Aurangzeb
ISLAMABAD: Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday said the Economic Coordination Committee (ECC) has approved key recommendations...
PayFast marks eight years with launch of doorstep QR payment solution
KARACHI: PayFast, Pakistan’s leading payment gateway, on Friday marked eight years of operations with the launch of Rah-e-Raast, a doorstep...
Commerce ministry clarifies stance on Pakistan-Afghanistan border closure
LAHORE: The Ministry of Commerce has issued its position regarding the closure of the Pakistan-Afghanistan border, making it clear that Pakistan’s...
Time-barred tax appeals dismissed – called for probe into FBR inefficiency
LAHORE: The Lahore Tax Bar Association’s Public Interest Litigation Committee (LTBA-PILC) has urged Finance Minister Senator Muhammad Aurangzeb to order...
Pakistan’s petroleum imports decrease by 1.63pc to $6.416b
ISLAMABAD: The imports of the overall petroleum group decreased by 1.63 percent during the first five months of the current fiscal...
Karachi Enforcement recovers 64,578 litres of smuggled oil, vehicle worth Rs20m
KARACHI: In a major intelligence-based operation, Customs Enforcement Karachi has recovered 64,578 litres of smuggled Iranian diesel and petrol valued at...
Forex reserves hit three-year high; import cover improves without debt buildup: Khurram
ISLAMABAD: Advisor to the Finance Minister Khurram Schehzad has said that Pakistan’s foreign exchange reserves have reached their highest level...
FBR reports 30pc drop in Karachi electricity tax collection during 5MFY26
ISLAMABAD: The Federal Board of Revenue (FBR) has reported a significant 30% decline in tax collection from electricity consumption in Karachi...
FBR may target third parties to recover taxes in FY2026
ISLAMABAD: In tax year 2026, individuals and entities holding money on behalf of tax defaulters may also face recovery action,...
Five Pakistani business groups to invest billions of dollars in Balochistan’s mineral sector
ISLAMABAD: Five of Pakistan’s major business groups have announced a multibillion-dollar investment in the country’s mineral resources. Under the signed...
Khurram briefs International Fintech Investors on reform, digital growth
ISLAMABAD: Advisor to the Finance Minister of Pakistan, Khurram Schehzad, held a high-level strategic meeting with a delegation of leading international...
Customs Enforcement seizes smuggled goods worth Rs20m
KARACHI: In line with the Federal Board of Revenue’s sustained efforts to curb smuggling and protect the national exchequer, the...
Pakistan’s exports to US drop 8pc to $439m in November, despite tariff advantage
KARACHI: Pakistan’s exports to the United States fell by 8% in November, amounting to $439 million, down from $476 million...
PMA rejects FBR plan to hire 2,000 private auditors
KARACHI: Senior doctors representing the Pakistan Medical Association (PMA) have warned that private healthcare services across the country could be...
Quetta Customs seizes nine NCP vehicles, smuggled goods worth Rs121.6m
QUETTA: In a major anti-smuggling operation, the Collectorate of Enforcement Quetta successfully seized nine (09) Non-Custom-Paid (NCP) vehicles along with...
