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IMF launches technical assistance mission to overhaul Pakistan’s budget management
ISLAMABAD: The International Monetary Fund (IMF) has initiated a technical assistance mission at Pakistan’s request to enhance budget management practices...
Transactions worth Rs612trln recorded in FY2025: SBP governor
KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad revealed that transactions worth Rs612 trillion were recorded during the fiscal...
SBP backs regional market integration to tackle financial challenges
KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmed urged regional collaboration to tackle today’s economic and financial challenges, saying...
FBR launches AI-powered tax audit covering over 7 million returns
ISLAMABAD: The Federal Board of Revenue (FBR) has announced the launch of the country’s largest and most advanced tax audit program,...
Qatar agrees to divert 24 LNG cargoes; Pakistan to pay price difference
LAHORE: Pakistan and Qatar have agreed to divert 24 liquefied natural gas (LNG) cargoes next year as domestic demand continues...
Torkham border shutdown causes over $4.5b in trade losses
TORKHAM: The month-long closure of the Torkham border crossing has resulted in cumulative losses exceeding $4.5 billion in trade and...
PM welcomes Google’s investment, office setup in Pakistan
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif has welcomed the establishment of offices and investment by Google in Pakistan. In a...
Only 0.7m retailers using digital payments; PM sets target of 2m by June
ISLAMABAD: Despite the government’s push for a cashless economy, fewer than 700,000 retailers are currently linked with any form of...
IMF seeks limiting govt’s powers over supplementary grants
ISLAMABAD: The International Monetary Fund (IMF) has demanded that the federal government’s powers to issue supplementary grants be restricted. According to...
Uzbekistan– Pakistan business forum held in Tashkent
ISLAMABAD: Tashkent has hosted Uzbekistan–Pakistan Business Forum and the Award Ceremony for the Winners of the “RCCI International Achievement Awards.”...
FCCI to form subcommittee for resolving exporters’ issues
FAISALABAD: Faisalabad Chamber of Commerce & Industry (FCCI) President Farooq Yousaf Sheikh has announced that a subcommittee would be formed under...
Karachi Enforcement foils smuggling attempt, seizes fabric worth millions
KARACHI: In a major anti-smuggling operation, the Collectorate of Customs Enforcement in coordination with Sindh Rangers and Police, has foiled...
Pakistan mulls more US crude oil imports as second shipment arrives
KARACHI: Pakistan’s largest oil refiner, Cnergyico PK Limited, is mulling more imports of crude oil from the United States (US), the...
Industries ministry seeks end to customs duties & import taxes
ISLAMABAD: The new National Industrial Policy (NIP) 2025–2030 has recommended that the Federal Board of Revenue (FBR) reduce Customs Duty...
Arrangements for upcoming meeting between PM and top 20 CEOs reviewed
ISLAMABAD: A high-level meeting was held here on Tuesday to review preparations for Prime Minister upcoming interaction with chief executive officers...
SBP allows bank directors to serve on boards of wholly owned exchange companies
KARACHI: The State Bank of Pakistan (SBP) has revised its Corporate Governance Regulatory Framework, allowing directors and senior executives of...
SBP orders banks to digitally onboard SMEs using video calls, GPS, data
KARACHI: The State Bank of Pakistan (SBP) has directed commercial banks, microfinance banks, and Development Finance Institutions (DFIs) to introduce...
Comprehensive policy measures to boost competitiveness and exports urged
ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICCI), Sardar Tahir Mehmood, has underlined the urgent need for comprehensive measures,...
Pakistan eyes new agricultural, food export opportunities in China
SHANGHAI: Pakistan is seeking to expand its agricultural and food exports to China by identifying new high-potential product categories, officials...
FBR collects Rs1.28 trillion in customs duties in FY25, POL sector leads with 22.7pc share
LAHORE: The Federal Board of Revenue (FBR) collected Rs1,284.6 billion in customs duties during FY2024–25, marking a 16.4% increase from...
