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Audit reveals Rs200b financial irregularities in Khyber Pakhtunkhwa
PESHAWAR: An audit report for the financial year 2024–25 has revealed shocking financial irregularities and suspicious expenditures worth Rs200bn in...
CCP showcases Pakistan’s market potential to visiting Chinese delegation
LAHORE: A high-level business delegation from the All-China Federation of Industry and Commerce (ACFIC), the national chamber representing private enterprises...
Police, business community liaison may revitalise economy: FCCI president
FAISALABAD: Faisalabad Chamber of Commerce & Industry (FCCI) President Rehan Naseem Bharara said that liaison between the business community and...
President for boosting trade, economic ties with Oman
ISLAMABAD, Aug 6 (APP): Ambassador of the Sultanate of Oman to Pakistan, Fahad Sulaiman Khalaf Alkharusi Wednesday called on President...
Govt plans to boost apparel, textiles sector through forging partnerships
ISLAMABAD: The government has engaged with International Buying Houses for enabling deeper collaboration and long-term growth. In a significant move...
Gwadar Port Authority, Chinese firm agree on industrial, commercial investments
KARACHI: Chinese company Xinning Enterprise and the Gwadar Port Authority (GPA) have signed an agreement to stimulate industrial and commercial...
FBR rolls out new tax deduction system for online shopping
ISLAMABAD: The Federal Board of Revenue (FBR) has rolled out a new mechanism to deduct sales tax on online purchases,...
Pakistan launches $10b corridor to connect with Central Asia
KARACHI: Federal Minister for Railways Hanif Abbasi announced a $10 billion rail corridor project to connect Pakistan with Afghanistan and...
PM orders PRAL shutdown within six months
ISLAMABAD: Prime Minister Shehbaz Sharif has directed the closure of Pakistan Revenue Automation Limited (PRAL) within six months, a move...
Govt’s non-tax revenue surges by Rs1,998b
ISLAMABAD: The federal government recorded a sharp rise in non-tax revenue during the last fiscal year, with earnings surging by...
CCoSOEs pushes for timely SOE appointments, approves new board nominations
ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) underscored the need for timely and streamlined board appointments across state-owned entities...
Modern vocational training cornerstone of future prosperity: Nasir Mansoor Qureshi
ISLAMABAD: Nasir Mansoor Qureshi,President Islamabad Chamber of Commerce and Industry (ICCI), has stressed the urgent need for Pakistan to invest...
PM Shehbaz hails FBR reforms as key to rising tax collection
ISLAMABAD: Prime Minister Shehbaz Sharif expressed satisfaction over the rise in tax collection due to reforms in the Federal Board...
Ministry approves first int’l ferry service to connect Pakistan with GCC & Iran
KARACHI: The Ministry of Maritime Affairs on Monday granted its first-ever ferry service licence to international operator Sea Keepers, allowing...
FCA clears luxury vehicle at just Rs17,635, sparking concerns over under-invoicing, money laundering
ISLAMABAD: Directorate General of Post Clearance Audit (PCA) has uncovered a significant under-invoicing scandal involving luxury vehicle imports. The report...
Pakistan, China partner on donkey meat exports
LAHORE: Pakistan is collaborating with China to begin exports of donkey meat and hides, opening a new and unexpected chapter...
ECC rolls out Rs9b electric vehicle subsidy plan
ISLAMABAD: The Economic Coordination Committee (ECC) approved a major subsidy plan to promote electric bikes and rickshaws in Pakistan. The...
FBR issues SRO for WHT for online marketplaces & couriers
ISLAMABAD: The Federal Board of Revenue (FBR) has issued a new Sales Tax Notification, S.R.O. 1429 (I)/2025, introducing a mandatory...
Pakistan achieves 9-year low fiscal deficit at 5.38pc in FY25
ISLAMABAD: Pakistan posted its smallest fiscal deficit in nine years at 5.38% for the 2025 fiscal year (FY25). This is...
FBR extends deadline for filing tax returns up to August 8
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday extended the deadline for filing sales tax and federal excise returns...
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