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Pakistan’s annual inflation eases to 11.1pc in June, says PBS
ISLAMABAD: Pakistan’s annual inflation eased to 11.1 per cent in June from 11.7 per cent in May, while prices declined...
FBR collects Rs13.6 trillion in taxes during FY2025-26
ISLAMABAD: Federal Board of Revenue collected a total of Rs13,601 billion in taxes during fiscal year 2025-26, while refunds amounting...
Govt increases tax on restaurant card payments
ISLAMABAD: Customers dining at restaurants across Pakistan will now pay revised tax rates following a new government directive that took...
Pakistan repays $1.3b external debt: SBP
KARACHI: The State Bank of Pakistan (SBP) reported that the country has repaid a heavy external debt of $1.3 billion....
FBR enforces Rs25,000 surcharge payment for individuals from July 1
ISLAMABAD: The Federal Board of Revenue (FBR) has updated its IRIS portal to enforce the newly introduced Rs. 25,000 Active...
Pakistan secures $700m ADB loan for insurance, financial sector reforms
ISLAMABAD: Pakistan and the Asian Development Bank (ADB) signed a $700 million policy-based loan agreement on Monday aimed at strengthening...
World Bank urges fiscal reforms to strengthen service delivery, stability in Pakistan
ISLAMABAD: Pakistan needs to strengthen the way financial resources are shared between the federal, provincial and local governments to maintain...
KCCI raises alarm as Cotton Exchange shutdown disrupts 209 businesses
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has voiced serious concern over the continued sealing and alleged forceful...
SECP reforms leads to 1,374pc surge in third-party motor insurance in Sindh
ISLAMABAD: The Securities and Exchange Commission of Pakistan’s (SECP) reforms to enforce third party motor insurance have increased third-party motor...
Pakistan notifies Finance Act 2026-27 ahead of July 1 budget rollout
ISLAMABAD: The federal government has issued the gazette notification for the Finance Act 2026-27, paving the way for the implementation...
World’s largest container ships arrive at Karachi Port as capacity expands
KARACHI: Karachi Port has achieved another major milestone as one of the world’s largest container vessels, MSC Loreto, arrived at...
Customs Enforcement destroys contraband, hazardous goods worth Rs1.18b
LAHORE: Pakistan Customs Enforcement Lahore has destroyed contraband, expired and hazardous goods worth more than Rs1.18 billion, marking another major...
FBR to receive data on bank transactions above Rs100m under new law
ISLAMABAD: The federal government has introduced a new reporting system for high-value bank transactions to improve tax compliance. Under the...
Senate panel seeks 20-year tobacco tax record after FBR fails to provide data
ISLAMABAD: The Sub-Committee of the Senate Standing Committee on Interior and Narcotics has sought a 20-year record of tobacco tax...
FIA fines cargo vessel Rs1.5m over immigration law violations
KARACHI: The Federal Investigation Agency (FIA) Immigration has imposed a Rs1.5 million fine on the local agent of a cargo...
Govt ‘considers’ buying cheap oil and gas from Iran
ISLAMABAD: Federal Minister for Petroleum Ali Pervez Malik has said that Pakistan was considering purchasing cheap oil and gas from...
Pakistan establishes Petroleum Prices Estabilization Fund to curb fuel price volatility
ISLAMABAD: The federal government has established a Petroleum Price Stabilization Fund in a major step aimed at addressing sharp fluctuations...
SBP bars banks from freezing accounts without legal approval
KARACHI: State Bank of Pakistan has directed banks nationwide not to block or freeze accounts without legal justification, approval from...
RCCI, SMEDA host World MSME Day ceremony
RAWALPINDI: President of the Rawalpindi Chamber of Commerce and Industry (RCCI), Usman Shaukat, has called on commercial banks to significantly...
PIA’s ownership officially transferred to new owners
ISLAMABAD: The Pakistan International Airlines' (PIA) ownership has officially been transferred to new owners. According to the PIA spokesperson, the...
