Breaking News

BEIJING: Pakistan’s textile and apparel exports to China demonstrated resilience during January–November 2025, supported by steady demand for core textile inputs...

PIA privatisation: Arif Habib consortium wins auction with Rs135b offer

ISLAMABAD: The Arif Habib Corporation Limited–led consortium acquired a majority stake in Pakistan International Airlines (PIA) with the highest bid...

Pakistan, Bangladesh agree to further strengthen economic cooperation

ISLAMABAD: Bangladesh High Commissioner to Pakistan Md Iqbal Hussain Khan called on Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial...

Qatar agrees to cancel surplus LNG cargoes as Pakistan to reopen local gas fields

KARACHI: Qatar has agreed to cancel surplus LNG cargoes, prompting the federal government to decide to reopen shut domestic gas...

State Bank, all financial institutions to remain closed on December 25

KARACHI: The State Bank of Pakistan (SBP) has announced a public holiday on December 25 across the country on the occasion...

IFC, Standard Chartered, Engro announce Rs33.6bn first-of-its-kind agri-chain financing Pakistan’s agriculture

ISLAMABAD: The International Finance Corporation (IFC) on Tuesday announced its first Pakistan rupee-denominated investment through an unfunded Partial Credit Guarantee of...

ECC approves recommendations for upcoming spectrum auction: Aurangzeb

ISLAMABAD: Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday said the Economic Coordination Committee (ECC) has approved key recommendations...

PayFast marks eight years with launch of doorstep QR payment solution

KARACHI: PayFast, Pakistan’s leading payment gateway, on Friday marked eight years of operations with the launch of Rah-e-Raast, a doorstep...

Commerce ministry clarifies stance on Pakistan-Afghanistan border closure

LAHORE: The Ministry of Commerce has issued its position regarding the closure of the Pakistan-Afghanistan border, making it clear that Pakistan’s...

Time-barred tax appeals dismissed – called for probe into FBR inefficiency

LAHORE: The Lahore Tax Bar Association’s Public Interest Litigation Committee (LTBA-PILC) has urged Finance Minister Senator Muhammad Aurangzeb to order...

Pakistan’s petroleum imports decrease by 1.63pc to $6.416b

ISLAMABAD: The imports of the overall petroleum group decreased by 1.63 percent during the first five months of the current fiscal...

Karachi Enforcement recovers 64,578 litres of smuggled oil, vehicle worth Rs20m

KARACHI: In a major intelligence-based operation, Customs Enforcement Karachi has recovered 64,578 litres of smuggled Iranian diesel and petrol valued at...

Forex reserves hit three-year high; import cover improves without debt buildup: Khurram

ISLAMABAD: Advisor to the Finance Minister Khurram Schehzad has said that Pakistan’s foreign exchange reserves have reached their highest level...

FBR reports 30pc drop in Karachi electricity tax collection during 5MFY26

ISLAMABAD: The Federal Board of Revenue (FBR) has reported a significant 30% decline in tax collection from electricity consumption in Karachi...

FBR may target third parties to recover taxes in FY2026

ISLAMABAD: In tax year 2026, individuals and entities holding money on behalf of tax defaulters may also face recovery action,...

Five Pakistani business groups to invest billions of dollars in Balochistan’s mineral sector

ISLAMABAD: Five of Pakistan’s major business groups have announced a multibillion-dollar investment in the country’s mineral resources. Under the signed...

Khurram briefs International Fintech Investors on reform, digital growth