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FBR reports 5-fold surge in tax collection from foreign payments via cards
LAHORE: The Federal Board of Revenue (FBR) has announced a remarkable surge in its tax collection from foreign payments made...
ICCI stresses stronger govt-business collaboration for economic growth
ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) on Monday urged the government to foster stronger collaboration with the business...
Sindh Bank selects PTCL to enhance Bank’s digital connectivity infrastructure
KARACHI: Pakistan Telecommunication Company Limited (PTCL) and Sindh Bank have signed an agreement for deployment of SD-WAN (Software-Defined Wide Area...
PM welcomes Bloomberg report on Pakistan’s economic stability
ISLAMABAD: The Prime Minister of Pakistan has expressed satisfaction with Bloomberg’s latest report on Pakistan’s economic stability, stating it strongly...
China rolls over $3.4bn loan to Pakistan
BEIJING: Beijing rolled over $2.1 billion, which has been in Pakistan's central bank's reserves for the last three years, and...
Audit reveals 76pc surge in tax filers fails to boost revenue, tax-to-GDP ratio declines
ISLAMABAD: Despite a substantial 76% increase in the number of income tax return filers in the tax year 2024, Pakistan’s...
World Bank appoints new Country Director for Pakistan
ISLAMABAD: The World Bank (WB) has appointed Ms. Bolormaa Amgaabazar the new World Bank Country Director for Pakistan effective from...
Economy continues growth momentum in FY2025: Report
ISLAMABAD: Pakistan’s economy continued growth momentum in fiscal year 2024-25, supported by strengthened macroeconomic fundamentals, prudent fiscal management, and improved...
Petrol, diesel prices likely to go up by Rs5 per liter from July 1
ISLAMABAD: Petroleum product prices in Pakistan are expected to rise by up to Rs5 per liter starting July 1, sources...
Tax exemptions granted to over 50 entities, including Fauji Foundation, Army Welfare Trust
ISLAMABAD: The Finance Bill 2025-26, approved by parliament, includes a provision for over 50 tax exemptions impacting several organizations. The...
SOE losses, pension liabilities cross Rs7.5 trillion, exceeding defence & development budgets
ISLAMABAD: Pakistan's state-owned enterprises (SOEs) continue to bleed financially, with total accumulated losses and unfunded pension liabilities now crossing Rs7.5...
Weekly inflation eases by 0.18pc in Pakistan
ISLAMABAD: The weekly inflation, measured by the Sensitive Price Indicator (SPI), decreased by 0.18 percent for the combined consumption groups...
Pakistan tops global emerging markets in default risk reduction
NEW YORK: Pakistan has emerged as a leading economy among the emerging markets globally, according to a report by Bloomberg....
Pakistan’s shipping set for $700m growth
KARACHI: The Pakistan National Shipping Corporation (PNSC) is poised to earn a whopping $700 million in freight earnings over the...
FBR starts targeted crackdown on solar energy sector for tax compliance
ISLAMABAD: The Federal Board of Revenue (FBR) has initiated a targeted monitoring campaign, deploying its officers to oversee the sales...
Karachi LTO recovers Rs31b by attaching bank accounts of defauters
KARACHI: The Large Taxpayers Office (LTO) Karachi has recovered a record-breaking Rs31 billion in outstanding taxes by freezing the bank...
SBP declares bank holiday on July 1
KARACHI: The State Bank of Pakistan (SBP) has announced that all banks across the country, including its own offices, will...
Govt committed to maintaining financial discipline with balanced decisions: Dar
ISLAMABAD: Deputy Prime Minister, Foreign Minister Senator Ishaq Dar underscored the government’s commitment to taking balanced decisions that maintain financial...
FBR fixes minimum retail price of cement for sales tax calculation
ISLAMABAD: The Federal Board of Revenue (FBR) has issued a new notification (S.R.O. 1126(I)/2025) dated June 27, 2025, to fix...
Cash withdrawal restrictions under Section 114C primarily target individuals
ISLAMABAD: Under the latest amendments to Section 114C of the Income Tax Ordinance, restrictions on cash withdrawals from bank accounts...
