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Only overseas Pakistanis can import car under gift, transfer of residence schemes
LAHORE: Only overseas Pakistanis in the UAE and other countries are eligible to import cars under the gift or transfer...
HSD price reduced by Rs12.84 per litre; petrol stays unchanged
ISLAMABAD: The federal government has revised petroleum product prices and issued a notification detailing the changes. According to the notification,...
DG Valuation revises customs values for imported Spun Yarn vide VR No.64/2025
KARACHI: The Directorate General of Customs Valuation in Karachi has revised the reference values used to calculate duties on imported...
LCCI warns of tough economic year ahead, calls for balanced tax approach
ISLAMABAD: Ali Imran Asif, Senior Executive Committee Member of the Lahore Chamber of Commerce and Industry (LCCI), has cautioned that...
SBP mandates H.S. Codes in all trade-linked transactions
KARACHI: The State Bank of Pakistan (SBP) has introduced stricter regulatory measures for the issuance of financial instruments (FIs) in...
Pakistan’s forex reserves edge up to $19,496.7m, SBP data shows
KARACHI: The total liquid foreign reserves of Pakistan slightly increased $1.1 million to $19,496.7 million as of August 08, 2025,...
Govt cuts tariffs on 300 products to boost industry and exports
ISLAMABAD: The government has approved cuts on import tariffs for about 300 products. Federal Commerce Minister Jam Kamal told the...
Japan eyes investment in Pakistan’s auto and IT sectors
ISLAMABAD: Japan is exploring new investment opportunities in Pakistan's automotive and IT sectors. In meetings held in Tokyo, Japanese officials...
JazzCash, EFU life launch Pakistan’s first fully digital insurance journey
ISLAMABAD: JazzCash, Pakistan’s leading digital wallet, and EFU Life, one of the country’s premier life and health Insurers, have partnered...
FBR to suspend or blacklist sales taxpayers who deny access to business premises
LAHORE: The Federal Board of Revenue (FBR) has announced that it will take strong action against sales taxpayers who refuse...
Pakistan secures 55,000 tons of sugar in global tender
MULTAN: Pakis0tan’s state-run Trading Corporation of Pakistan (TCP) has reportedly concluded purchases of around 55,000 metric tons of white sugar...
PIA swings from heavy loss to Rs26b profit, but holding company takes Rs47b hit
ISLAMABAD: Pakistan International Airlines (PIA) has gone from drowning in a Rs104 billion loss last year to raking in a...
PM Shehbaz performs groundbreaking of China-backed special economic zone
ISLMABAD: Prime Minister Shehbaz Sharif on Friday inaugurated a Special Economic Zone (SEZ) to be developed by a Chinese textile...
Moody’s upgrade underscores Pakistan recovery: SBP Governor
KARACHI: Pakistan's central bank said on Thursday recent credit rating upgrades underscored the country's improving macroeconomic outlook, as Governor Jameel...
PM Shehbaz, Chinese group agree to expand economic cooperation
ISLAMABAD: Prime Minister Shehbaz Sharif met a delegation from Chinese garments company Challenge Fashion Private Limited and agreed to deepen...
FBR misses deadline for court-ordered automated tax refund system
ISLAMABAD: The Federal Board of Revenue (FBR) has yet to roll out the automated income tax refund system ordered by...
Moody’s upgrades Pakistan’s ratings to Caa1; changes outlook to stable from positive
ISLAMABAD: Moody’s Ratings (Moody’s) upgraded the Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa1 from...
SBP extends banking hours for Hajj 2026 applications this Saturday
KARACHI: The State Bank of Pakistan (SBP) has announced that authorized branches of 14 designated banks across the country will...
FBR gets power to access internet, call data in tax cases
ISLAMABAD: The Federal Board of Revenue (FBR) has been granted sweeping new powers to access citizens’ internet usage data and...
Pakistan, US vow to boost trade & investment
ISLAMABAD: The Chargé d’Affaires of the Embassy of the United States of America, Ms. Natalie Baker here on Friday called...
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