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FBR reveals 9,000 Pakistanis hold Rs750b in bank deposits but pay no income tax
ISLAMABAD: Chairman of the Federal Board of Revenue (FBR), Rashid Mahmood Langrial, has disclosed that around 9,000 individuals in Pakistan...
Karachi Port freezes proposed 5pc tariff increase for FY2026-27
KARACHI: Karachi Port has frozen a proposed 5% tariff increase for the fiscal year 2026-27, a move aimed at reducing...
Aurangzeb lauds BYD’s growing footprint in Pakistan
ISLAMABAD: Minister for Finance Senator Muhammad Aurangzeb has appreciated Chinese multinational manufacturing company BYD's growing footprint in Pakistan. He was...
Pakistan, Canada hold investment treaty talks to boost economic cooperation
OTTAWA: A high-level Pakistani delegation led by Additional Secretary of the Board of Investment (BoI) Zulfiqar Ali is currently in...
Pakistan’s external borrowing surges by $5.21b in 11 months
ISLAMABAD: Pakistan’s external borrowing has increased by 5.21 billion dollars compared to the previous year, according to official documents. The...
Pakistan brokers Iran-US ceasefire as energy prices set for immediate relief
ISLAMABAD: Federal Minister for Petroleum Ali Parvaiz Malik stated that diplomatic efforts led by the Prime Minister, Field Marshal, Foreign...
ADB approves $700m loan for Pakistan to strengthen insurance sector
ISLAMABAD: The Asian Development Bank (ADB) has approved a $700 million loan for Pakistan aimed at improving and expanding the...
New, simple electricity bill format launched
ISLAMABAD: The Power Division has introduced a new and simplified electricity bill format across the country to improve consumer convenience,...
FCC declares property tax regime ‘confiscatory’
ISLAMABAD: The Federal Constitutional Court has held that Section 7E of the Income Tax Ordinance, 2001, was effectively illusory and...
Punjab proposes higher sales tax on restaurant payments via cards
LAHORE: The Punjab government has proposed an increase in sales tax on restaurant payments made through digital channels under the...
Pakistan’s tech exports hit record $4.2b in 11MFY26: Khurram Schehzad
ISLAMABAD: Advisor to the Finance Minister, Khurram Schehzad said on Wednesday that Pakistan’s information technology sector achieved a record export...
RCCI holds post-budget session to review Federal Budget 2026
RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) on Wednesday held a post-budget session to review and analyse the...
Sindh govt unveils Rs3.56 trillion budget 2026-27
KARACHI: Chief Minister Murad Ali Shah on Wednesday presented Sindh’s budget for the fiscal year 2026-27 in the Sindh Assembly,...
PMOS to transform government monitoring through real-time digital oversight
ISLAMABAD: Federal Minister for Economic Affairs Ahad Cheema on Wednesday reviewed the AI-powered Prime Minister Office System (PMOS), saying the...
Federal budget reflects commitment to fiscal discipline: Fitch
ISLAMABAD: Global ratings agency Fitch said that Pakistan’s budget for FY27 reflects a clear commitment from Islamabad to fiscal discipline...
IMF rejects proposal to cut GST on stationery items in budget
ISLAMABAD: The International Monetary Fund (IMF) has rejected Pakistan’s proposal to reduce the General Sales Tax (GST) on stationery products...
Pakistan posts $459m current account surplus in May 2026
KARACHI: Pakistan’s current account has turned surplus after recording a significant improvement in May 2026, according to data released by...
KP govt to present three-month budget
PESHAWAR: The Khyber Pakhtunkhwa government has decided to present only a three-month budget for the next financial year instead of...
Petrol prices in Pakistan likely to decline
ISLAMABAD: Following a sharp decline in global crude oil prices, petroleum product prices in Pakistan are expected to decrease in...
Govt eyes more global bond issues, sees budget upside from Iran deal
ISLAMABAD: Pakistan could improve economic projections for 2027 after the end of the US war on Iran, but it is...
