Islamabad

27/03/2025

ISLAMABAD: The Federal Board of Revenue (FBR) has taken strict disciplinary action against Raja Jahanzeb Wahid, a Superintendent (BS-16) at...

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IMF allows Pakistan to reduce electricity tariff

27/03/2025

ISLAMABAD: The International Monetary Fund (IMF) has allowed the Pakistan government to reduce the electricity tariff by Rs1 per unit....

Pakistan likely to issue Panda Bonds this year, hints FinMin Aurangzeb

27/03/2025

BEIJING: Federal Minister for Finance Senator Muhammad Aurangzeb hinted at the potential issuance of Panda Bonds in Chinese yuan by...

FBR transfers 32 PCS officers of BS-16 & BS-17 to SAPT Karachi

ISLAMABAD: Federal Board of Revenue transferred Pakistan Customs Service (PCS) officers of BS-16 and BS-17 to SAPT Karachi. Details are...

Pakistan & IMF reach staff-level agreement on EFF, $1.3b climate fund

ISLAMABAD: The International Monetary Fund (IMF) and Pakistani authorities have reached a staff-level agreement on the first review under Pakistan’s...

Rs39 hike in FED per cigarette pack may generate additional revenue of Rs67.4b

ISLAMABAD: The Society for the Protection of the Rights of the Child (SPARC) and the Social Policy and Development Centre...

Finance minister calls for inclusive, equitable globalization for benefiting developing economies

ISLAMABAD: Minister for Finance and Revenue Senator Muhammad Aurangzeb has called for inclusive and equitable globalization to benefit the developing...

Economic indicators stable, key areas show gradual growth in March

ISLAMABAD: The country’s external and internal economic sectors, including fiscal policy, remained stable in March with exports, Foreign Direct Investment...

NTC collects Rs40b in anti-dumping duties over 25 years

ISLAMABAD: Pakistan’s National Tariff Commission (NTC) has collected Rs40 billion in revenue over the last 25 years by imposing anti-dumping...

FBR issues revised methodology for settlement of classification disputes

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a revised methodology to streamline the resolution of classification disputes in...

Majority in Pakistanis have no access to financial services: ADB

ISLAMABAD: A majority of population in Pakistan have no access to financial services, says an Asian Development Bank (ADB) report...

IMF rejects FBR request to cut property transaction taxes in Pakistan

ISLAMABAD: The International Monetary Fund (IMF) has refused the Federal Board of Revenue (FBR) appeal to slash taxes on real...

PM Shehbaz directs to evolve legal framework for FBR recoveries

ISLAMABAD: Prime Minister Shehbaz Sharif has directed to evolve a comprehensive legal framework on permanent basis regarding Federal Board of...

Pakistan, Netherlands discuss trade, investment expansion

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan and the Dutch Ambassador to Pakistan Henny Fokel de Vries on Monday...

OCAC warns FBR of resurgent fuel smuggling, Rs1.5b daily revenue loss

ISLAMABAD: The Oil Companies Advisory Council (OCAC) has sounded the alarm over the resurgence of illegal fuel trade, warning the...

FBR extends deadline for filing of sales tax returns till March 27

ISLAMABAD: The Federal Board of Revenue (FBR) has officially extended the deadline for filing sales tax returns until March 27,...

Pakistan launches first PKR denominated Green Bond on PSX to drive sustainable finance

22/03/2025

ISLAMABAD: Parwaaz Financial Services Limited (PFSL), a subsidiary of Karandaaz Pakistan, has launched Pakistan’s first-ever PKR-denominated Green Bond under the...

Over 1,100 acres of Karachi Port Trust land encroached, NA told