Islamabad

ISLAMABAD: The government has taken decisive steps to address the mounting circular debt in the gas sector, which has surged...

Budget 2025-26: Defense development projects to get Rs11.55b

ISLAMABAD: The federal government is set to unveil the budget for the fiscal year 2025-26 tomorrow, highlighting significant development projects...

Petroleum levy receivables to hit record Rs1,311b

ISLAMABAD: The receivables under the banner of petroleum levy are expected to hit historic mark in the next fiscal year...

Govt set to present FY2025-26 budget on Tuesday

ISLAMABAD: The incumbent government will present the budget for the fiscal year 2025–26 in the Parliament on June 10 (Tuesday),...

FBR rejects all leave requests ahead of FY26 Budget presentation

ISLAMABAD: The Federal Board of Revenue (FBR) has issued strict directives, rejecting all leave applications submitted by officials of the...

Finance Bill 2025-26: Rs200b in new GST, FED measures expected

ISLAMABAD: The Federal Board of Revenue (FBR) has reportedly finalized the Finance Bill for the fiscal year 2025-26, with expectations...

Aurangzeb chairs meeting on country’s digital asset legislation

ISLAMABAD: Finance Minister Muhammad Aurangzeb has called for swiftly finalizing and operationalizing the draft framework to provide legal certainty, and...

WB updates int’l poverty lines based on ‘purchasing power parity’

ISLAMABAD: The World Bank updated its international poverty lines as part of a routine global revision to reflect evolving price...

Govt mulls multiple proposals to raise salaries in upcoming budget

ISLAMABAD: The federal government is reviewing four different proposals to increase salaries and pensions in the upcoming budget for fiscal...

NEC approves Rs1,000b development budget, sets 4.2pc GDP growth target for new fiscal year

ISLAMABAD: The National Economic Council (NEC) has approved a federal development budget of Rs 1,000 billion for the upcoming fiscal...

FBR reschuffles 10 appraising officers of BS-16-17 to different stations

ISLAMABAD: Federal Board of Revenue (FBR) issued notification for transfer and postings of 10 officials of Pakistan Customs Service (PCS)...

Rs325b in annual tax evasion uncovered in Pakistan’s cigarette sector

ISLAMABAD: An estimated Rs570 billion in tax could be collected from the cigarette industry annually, according to the Pakistan Tobacco...

IMF pushes for Agri Tax enforcement; opposes power & gas subsidies

ISLAMABAD: The International Monetary Fund (IMF) has strongly reiterated its demand for strict adherence to loan program requirements for Pakistan,...

Commerce minister vows full support for pharma sector, announces establishment of export council

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan reaffirmed his commitment to boosting pharmaceutical exports, announcing the establishment of an...

Islamabad High Court stays enforcement of tax recovery ordinance

ISLAMABAD: In a significant development, the Islamabad High Court has issued a stay order against the implementation of the recently...

Pakistan, US discuss bitcoin strategy in landmark White House meeting

WASHINGTON: Minister of State for Crypto and Blockchain and CEO of the Pakistan Crypto Council (PCC) Bilal Bin Saqib, recently...

IMF demands full implementation of conditions in Budget 2025-26

ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to ensure the full implementation of all previously agreed economic conditions...

Govt plans Capital Value Tax (CVT) on movable assets in Budget 2025-26

ISLAMABAD: In a potentially impactful move for the nation’s wealthiest individuals, the government of Pakistan is reportedly poised to reintroduce...

Upcoming federal budget estimated at Rs17,500b

byQaisar Mansoor