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KP to lose Rs100b due to FBR Shortfall: Muzzammil Aslam
PESHAWAR: Advisor to Chief Minister Khyber Pakhtunkhwa on Finance Muzzammil Aslam while addressing the Khyber Pakhtunkhwa Post-Budget Conference stated that...
Cabinet okays import of 500,000 tons of sugar to stabilise prices
ISLAMABAD: The federal cabinet has approved the import of 500,000 tons of sugar to address supply-demand imbalances and stabilise prices...
Peshawar High Court restricts FBR’s power to tax cash gifts in blood relations
PESHAWAR: The Peshawar High Court has issued a decision asserting that the Federal Board of Revenue (FBR) cannot impose tax...
Chinese power firms face prolonged payment delays under CPEC
BEIJING: Chinese independent power producers (IPPs) under the China-Pakistan Economic Corridor (CPEC) are facing significant payment delays in Pakistan, even...
KPRA exceeds revenue target, collects Rs51.56b in FY2024-25
PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) has announced a significant achievement, successfully collecting Rs51.56 billion for the financial year...
Govt unveils plan to expand Gwadar Port’s capacity, introduce ferry service to GCC countries
ISLAMABAD: The Ministry of Maritime Affairs on Tuesday revealed a strategic initiative to expand Gwadar Port’s operational capacity by introducing...
CCP clears 40.63% share acquisition of Mitchell’s Fruit Farms by CCL Holding
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of a 40.63 percent shareholding of Mitchell’s Fruit Farms...
SOE losses, pension liabilities cross Rs7.5 trillion, exceeding defence & development budgets
ISLAMABAD: Pakistan's state-owned enterprises (SOEs) continue to bleed financially, with total accumulated losses and unfunded pension liabilities now crossing Rs7.5...
Rana Ihsaan assures full support for NTC modernization, digitization
ISLAMABAD: Coordinator to the Prime Minister on Commerce Rana Ihsaan Afzal assured full support for equipping the National Tariff Commission...
Exports reach $29.56b in first 11 months of fiscal year
ISLAMABAD: Pakistan’s exports reached US$29.56 billion in the first eleven months of the current fiscal year, marking an increase of...
Govt bars under-declared taxpayers from buying high-value assets, capping bank deposits and investments
ISLAMABAD: The federal government has introduced sweeping restrictions on asset acquisitions and financial activity for individuals who fail to declare...
Pakistan faces challenges in securing FTA with ASEAN due to limited partnership status: report
ISLAMABAD: Pakistan is facing challenges in securing a Free Trade Agreement (FTA) with the Association of Southeast Asian Nations (ASEAN)...
Irregularities found in KP health procurement as four companies fail to deliver Rs1.19b worth of medicines
PESHAWAR: The Khyber Pakhtunkhwa (KP) health procurement scandal has intensified following an official inquiry that uncovered serious irregularities. The investigation...
AJK govt presents ‘tax-free’ budget for FY2025-26
MUZAFFARABAD: Azad Jammu and Kashmir Finance Minister Abdul Majid Khan on Wednesday presented a tax-free budget for the fiscal year...
Balochistan unveils Rs1,028bn budget for FY2025-26
QUETTA: Balochistan Finance Minister Mir Shoaib Nosherwani is presenting Rs1,028 billion budget for fiscal year 2025-26. According to the finance...
KPRA collects Rs.47 billion tax target by June 15
PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) has successfully achieved its annual tax collection target of Rs47 billion by June...
Balochistan to present Rs1 trillion budget for 2025-26 tomorrow
QUETTA: Balochistan is set to present its budget for the fiscal year 2025-26 on June 17, with a total volume...
KP unveils Rs2,119bn budget for FY2025-26
PESHAWAR: Khyber Pakhtunkhwa has unveiled a provincial budget of Rs2,119 billion for fiscal year 2025-26. The finance minister, while presenting...
Faisalabad textile industry faces rising challenges post-budget
FAISALABAD: Difficulties for the textile industry in Faisalabad have intensified following the announcement of the federal budget. According to details...
FBR Employees Welfare Union rejects Federal Budget FY 2025-26, calls It “IMF-Imposed, Anti-Employee”
MULTAN: The FBR Employees Welfare Union (All Pakistan) has outrightly rejected the Federal Budget 2025–26, labeling it an “IMF-dictated and...
