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Supreme Court declares FIR illegal sans determination of tax liability
ISLAMABAD: The Supreme Court of Pakistan has ruled that registering a First Information Report (FIR) or initiating criminal proceedings in...
Pakistan invites Swedish firms to expand mining beyond Reko Diq
ISLAMABAD: Pakistan is encouraging Swedish companies to expand their role in the country’s mining sector beyond the flagship Reko Diq...
FTO directs FBR to share sales tax data with taxpayers
ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to provide taxpayers with copies of...
Govt plans income tax relief for salaried individuals
ISLAMABAD: The government is considering major income tax relief for salaried individuals, including the abolition of the super tax and...
lamic banking assets reach Rs14.47 trillion, sector share rises to 23%
KARACHI: Pakistan’s Islamic banking sector expanded during 2025, increasing its share in the country’s financial system with assets reaching nearly...
Salaried class pays 352pc more tax than exporters, retailers, wholesalers
ISLAMABAD: Pakistan’s salaried class is paying significantly more taxes than several major business sectors combined, according to a new study...
FBR notifies new SOPs for arrests in sales tax evasion cases
ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new Standard Operating Procedure (SOP) outlining the process for inquiries,...
Transshipment commences from Karachi Port
KARACHI: The Chairman of Karachi Port Trust, Rear Admiral Shahid Ahmed SI (M) S.Bt (Retd) has reaffirmed the Port’s commitment...
FPCCI, UBG to reduce construction sector’s taxes to 4pc
LAHORE: Federation of Pakistan Chambers of Commerce and industry (FPCCI) and United Business Group (UBG) demanded of the government to...
Ample oil reserves available for local consumption: Aurangzeb
ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has said Pakistan currently had ample oil reserves and there...
SECP engagement leads to mandatory motor third-party insurance in Sindh
ISLAMABAD: The Government of Sindh has formally introduced amendments in the Motor Vehicles (Amendment) Act, 2026, making third-party liability insurance...
LNG shortage looms for Pakistan after Qatar halts deliveries
KARACHI: Pakistan has been informed by Qatar Gas that liquefied natural gas (LNG) shipments to the country will remain suspended...
Govt increases petrol & diesel prices by Rs55 per litre amid Middle East tensions
ISLAMABAD: The federal government has approved a significant increase in the prices of petroleum products, raising both petrol and high-speed...
Goods transporters announce 20pc fare hike after fuel price surge
LAHORE: President of the Pakistan Goods Transport Alliance Malik Shahzad Awan has strongly reacted to the recent increase in petroleum...
FBR unveils National Cargo Tracking System & e-Bilty for cargo monitoring
ISLAMABAD: Pakistan’s tax authority has taken a major step toward modernizing cargo monitoring with the launch of a new digital...
IMF urges Pakistan to increase petrol prices immediately
ISLAMABAD: The International Monetary Fund (IMF) has urged Pakistan to immediately increase petrol and diesel prices. According to sources, the...
Pakistan earns $600,000 per day from flights using its airspace
KARACHI: The situation in the Middle East has led to an increase in flights passing through Pakistan's airspace. The number...
Minister highlights shipping opportunities as global trade routes face challenges
ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Thursday chaired a high-level meeting to assess emerging logistical...
ICCI President leads delegation in meeting with DG Tax
ISLAMABAD: A delegation of the Islamabad Chamber of Commerce and Industry (ICCI) led by its President Sardar Tahir Mehmood held...
Pakistan banking assets rise from Rs25 billion to Rs69 trillion since 1970s: report
KARACHI: Pakistan’s banking sector expanded sharply over the past five decades, with total monetary assets increasing from less than Rs25...
