Breaking News

Exporters warn strong rupee is hurting Pakistan’s exports & investment

KP govt makes digital payments via Raast mandatory, warns of fines for refusal

Electricity tariff may rise by Rs1.20/unit across Pakistan

FBR updates import values for 70 mobile phone accessories vide VR No.2105/2026

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SBP maintains status quo on policy rate, anticipates inflation to decline from this month

KARACHI: The State Bank of Pakistan's (SBP) Monetary Policy Committee (MPC) on Monday decided to maintain the status quo on...

FBR to establish ICTE to reduce role of FBR officials

LAHORE: The Federal Board of Revenue (FBR) will establish an International Centre of Tax Excellence (ICTE) to reduce the role...

Changes in FBR’s tax expenditure may affect provincial revenues

ISLAMABAD: The changes made in the cost of tax exemptions by the Federal Board of Revenue (FBR) may have an...

Pakistan unlikely to devalue rupee as pressure eased: Fitch Ratings

ISLAMABAD; Amid negotiations with the International Monetary Fund (IMF) to restart a $6.7 billion bailout programme, Fitch Ratings said that...

First cargo of discounted Russian oil reaches Karachi

KARACHI: The first cargo of discounted Russian crude oil arranged under a new deal between Islamabad and Moscow arrived in...

IMF conditions hampered Dar in presenting a comprehensive budget: PIAF

LAHORE: Representative bodies of businessmen have praised the budget presented by Finance Minister Ishaq Dar-led team, albeit with reservations, while...

Customs PCA detects tax evasion of Rs51m by M/s Fairdeal Textile

KARACHI: Directorate General of Post Clearance Audit (PCA) has detected tax evasion of Rs51 million involving M/s Fairdeal Textiles in...

Sindh budget: Rs10bn allocated for purchase of buses

KARACHI: The Sindh government has allocated Rs10 billion for the procurement of 500 hybrid buses in the provincial budget for...

Sindh Budget 2023-24: 35pc hike in govt employees’ salaries proposed

KARACHI: The Sindh government has proposed a 35 percent increase in salaries of government employees in the provincial budget for...

Pakistani mangoes land in China via newly opened cargo route

BEIJING: The second batch of Pakistani mangoes arrived in Nanning, the capital of China’s southwest autonomous region of Guangxi, Adnan...

Rs200b additional taxes imposed in budget 2023-24: FBR chairman

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Asim Ahmad has said that Rs200 billion additional taxes were imposed in the...

Pakistan imposes 10pc WHT on foreign payments via cards

LAHORE: Pakistan has introduced a withholding tax of up to 10 percent on individuals making foreign payments through debit and...

Expert & industry views on budget for FY24

KARACHI: Pakistan presented its federal budget for the next fiscal year, one of three measures the International Monetary Fund (IMF)...

Super tax now applicable to everyone if income is Rs350m

ISLAMABAD: The government decided to introduce three slabs to widen the scope of super tax while also increasing the rates...

SBP to announce monetary policy on June 12

KARACHI: The State Bank of Pakistan (SBP) will announce monetary policy on Monday, June 12, 2023. According to a statement...

Pakistan’s Rs14.46tr federal budget avoids new taxes in election year, envisages 3.5pc growth

ISLAMABAD: Finance Minister Ishaq Dar unboxed a Rs14.46 trillion budget for the fiscal year 2023-24, introducing "no new taxes" and...

Massive relief: Govt employees to get up to 35pc salary raise