Breaking News

20/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has issued Sales Tax General Order (STGO) No. 11 of 2026, clarifying the...

FBR exempts certain POS-compliant footwear supplies from retail price tax

ISLAMABAD: The Federal Board of Revenue (FBR) has excluded certain supplies made through digitally integrated and point-of-sale-compliant channels from the...

Tax backlog hits 68,000 despite 24 private members inducted on monthly salaries of up to Rs2.6m; review panel formed

ISLAMABAD: Pakistan’s tax litigation backlog has climbed to around 68,000 cases despite the appointment of 24 private-sector members to the...

Bahrain pulls $30m from Pakistan bonds as Gulf war weighs on foreign investment

ISLAMABAD: Bahrain withdrew $30 million from Pakistan’s domestic bonds during the first 10 days of FY2026-27 as the Gulf conflict...

Aurangzeb reviews digital overhaul of FBR through Faceless Centre

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a meeting to review the implementation roadmap and operational...

Petrol pump owners reject proposed deregulation policy, warn of strike

RAWALPINDI: The All Pakistan Petroleum Dealers Association has rejected the government’s proposed petrol and diesel price deregulation policy and warned...

Govt cuts profit rates on National Savings schemes

KARACHI: The government has reduced profit rates on several National Savings schemes, lowering returns for investors under selected savings instruments....

Pakistan gets over $16bn financing; Saudi Arabia top supporter

ISLAMABAD: Pakistan received more than $16 billion in external financing during the last fiscal year, according to official documents, helping...

BOI showcases one-window business facilitation centre at ICCI awareness session

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI), in collaboration with the Board of Investment (BOI), organized an awareness...

FBR import blunders cost Pakistan Rs356 crore, audit reveals

ISLAMABAD: Pakistan’s customs authorities incurred revenue losses exceeding Rs. 3.56 billion due to the incorrect classification and undervaluation of imported...

FBR scrutinises foreign income in Pakistan’s real estate investments

ISLAMABAD: The Federal Board of Revenue (FBR) has intensified scrutiny of foreign income linked to Pakistan’s real estate sector by...

Karachi Port sets 138-year cargo handling record

KARACHI: Pakistan's maritime sector has achieved a major milestone as Karachi Port set a new record in its 138-year history...

Saudia opens first Khyber Pakhtunkhwa office in Peshawar

ISLAMABAD: Saudia has inaugurated its first office in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province, KP Governor Faisal Karim Kundi said...

Power tariff may rise across Pakistan, including Karachi, under June fuel cost adjustment

ISLAMABAD: Electricity consumers across Pakistan, including Karachi, may face a further increase in power tariffs after the Central Power Purchasing...

Over 2,000 electric vehicles arrive at Karachi Port in Pakistan’s first Ro-Ro shipment

KARACHI: Pakistan has received its first-ever roll-on/roll-off (Ro-Ro) shipment carrying more than 2,000 electric vehicles (EVs), marking a significant development...

Auto, housing finance and private sector credit post strong growth in June: SBP

KARACHI: Auto financing, housing finance, personal loans and bank lending to the private sector recorded significant growth in June 2026,...

OGRA to announce petroleum prices every day under new cabinet decision

ISLAMABAD: The federal cabinet has approved a major change to the country's fuel pricing mechanism, authorising the Oil and Gas...

Private sector credit rises 14.8% to Rs11.38 trillion as bank lending recovers

KARACHI: Credit to Pakistan’s private sector increased 14.8% year-on-year to Rs11.38 trillion at the end of June 2026, reflecting a...

Pakistan seeks up to seven LNG cargoes as Gulf conflict disrupts supplies: report