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ISLAMABAD: The Federal Board of Revenue (FBR) has issued a withholding income tax rate card for fiscal year 2026-27, outlining...

PC Board advances airport outsourcing, LESCO, MEPCO privatisation

ISLAMABAD: The Privatisation Commission (PC) Board approved key steps for outsourcing Lahore’s Allama Iqbal International Airport (AIIAP) and Karachi’s Jinnah...

EU scraps automatic GSP Plus extension, Pakistan must submit action plan on 32 UN conventions from Jan 2027

ISLAMABAD: Pakistan will no longer receive an automatic extension of its GSP Plus trade status once the European Union's new...

Pakistan, Belarus vow to promote industrial collaboration

ISLAMABAD: Pakistan and Belarus have reaffirmed their commitment to promoting technology transfer and industrial collaboration, particularly through stronger cooperation between...

FPCCI and Iran Chamber ink MoU to enhance bilateral trade & economic cooperation

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry and the Iran Chamber of Commerce, Industries, Mines and Agriculture...

Customs Appraisement issues operating procedure for newly setup cargo terminal at Port Qasim

KARACHI: The Collectorate of Customs Appraisement at Port Muhammad Bin Qasim has issued a standing order establishing operational procedures for...

Pakistan to set up 150-acre automotive processing zone at Port Qasim

KARACHI: Federal Minister for Maritime Affairs Junaid Anwar Chaudhry on Wednesday announced plans to establish an automotive processing zone on...

TPL Life expands Mobilink Bank partnership to offer Shariah-compliant insurance plans

KARACHI: TPL Life Insurance Limited has expanded its strategic partnership with Mobilink Microfinance Bank Limited (Mobilink Bank) to introduce unit-linked...

PSW, Board of Revenue Sindh sign SLA for Digital Stamp Duty collection

KARACHI: Pakistan Single Window (PSW) signed a Service Level Agreement (SLA) with the Board of Revenue Sindh (BoRS), formalizing arrangements...

FBR cuts exporters’ tax rate to 1.25pc, announces Rs361b relief package

ISLAMABAD: The Federal Board of Revenue (FBR) has reduced the tax rate applicable to exporters from 2 per cent to...

Traders filing tax returns after Sept 30 may face Rs25,000 fine

ISLAMABAD: A Rs25,000 penalty has been proposed for traders who file their income tax returns after September 30 under the...

Pakistan wins legal victory against India over basmati rice trademark in Australia

KARACHI: Pakistan has secured a major legal victory in Australia after the Federal Court dismissed an appeal by India’s Agricultural...

PBC chief, Aurangzeb agree to shift focus from economic stability to growth

ISLAMABAD: Pakistan Business Council (PBC) Chairman Ziad Bashir called on Finance Minister Muhammad Aurangzeb to discuss the economic outlook and...

Banks, financial institutions to remain closed for three days

KARACHI: Banks and financial institutions across Pakistan will remain closed for three days this week, from August 14 to August...

Pakistan’s total debt burden nears record Rs84 trillion: SBP

KARACHI: Pakistan’s total debt burden has reached nearly Rs84 trillion, with the country’s overall debt rising by 7.4% year-on-year by...

FBR fails to recover Rs5.62b in taxes from 106 taxpayers

LAHORE: The Federal Board of Revenue has failed to recover Rs5.62 billion in taxes from 106 taxpayers across 14 field...

Faheem Saigol stresses competitive access to Iranian market

LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) Chairman and Lahore Chamber of Commerce and Industry (LCCI) President Faheem-ur-Rehman Saigol...

Neelum-Jhelum project unlikely to generate electricity before 2028

ISLAMABAD: The Neelum-Jhelum Hydropower Project is unlikely to resume electricity generation before 2028, with repair work on the 979-megawatt facility...

Roshan Digital Account inflows rise 52pc to $282m in July