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LAHORE: The Competition Commission of Pakistan (CCP) has slapped a PKR 5 million fine on British Lyceum (Pvt.) Limited for...

Bank deposit returns dip to 4.90pc in April; real rate remains negative at -5.36pc

KARACHI: The average return on bank deposits declined to 4.90% in April 2025, down 12 basis points from 5.01% in...

Govt to expand luxury goods list for 25pc sales tax in FY26 budget

KARACHI: The government of Pakistan is reportedly planning to significantly broaden the list of luxury items that will be subjected...

Inquiry into Customs mismanagement in Lahore: Delays in Prime Movers release

LAHORE: The Federal Tax Ombudsman (FTO) has ordered an investigation into customs mismanagement on the part of officials in Lahore....

FBR faces scrutiny over alleged violations in WHT recovery

ISLAMABAD: The Federal Board of Revenue (FBR) is under fire as its Member Legal has been formally approached regarding alleged...

IMF ‘urges’ Pakistan to expedite privatization of state enterprises

ISLAMABAD: The International Monetary Fund (IMF) pressed Pakistan to expedite the privatization of state-owned enterprises as part of ongoing budget...

FBR requests IMF to reduce tax collection target by Rs250b

ISLAMABAD: The Federal Board of Revenue (FBR) is trying to woo the International Monetary Fund (IMF) to reduce the tax...

Finance Division introduces climate-focused subsidy tracking in federal budget

ISLAMABAD: The Finance Division has launched a new form, Form-III C, as part of its climate-focused budgeting efforts for the...

Oil refineries applaud govt for resolving sales tax dispute

KARACHI: In a significant move to alleviate a mounting financial burden on Pakistan’s petroleum sector, the federal government has approved...

Pakistan posts 2.4pc growth in third quarter of fiscal year

KARACHI: Pakistan’s economy grew 2.4 percent in the third quarter of the fiscal year that ends in June, the national...

AirSial launches direct flights to Dubai from Islamabad and Lahore starting June 2

KARACHI: AirSial, one of Pakistan’s leading private airlines, has announced the commencement of direct flight operations to Dubai from Islamabad...

Tajir Dost Scheme ends in failure, confirms IMF

LAHORE: The Federal Board of Revenue’s (FBR) much-hyped Tajir Dost Scheme — an initiative designed to bring retailers and traders...

Repatriation of profits by foreign investors surges 109% to $1.84b in Jul-Apr

KARACHI: Foreign investors sent $1.84 billion in profits and dividends abroad during the first ten months of FY2024–25 (July–April), up...

FPCCI urges govt to review new tax law

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on the federal government to review Income...

PM Shehbaz orders swift implementation of FBR reforms, anti-tax evasion measures

ISLAMABAD: The government plans to introduce a National Targeting System in the country to prevent sales tax evasion and curb...

Karachi LTO hints possible salary tax relief in budget 2025–26

KARACHI: The Large Taxpayers Office (LTO) Karachi has indicated that the salaried class may receive some much-needed relief in the...

Steep tax hike on sugary drinks ultra-processed foods proposed

ISLAMABAD: In a significant move aimed at curbing the rising tide of non-communicable diseases (NCDs), the Ministry of Health Services...

Customs official, trader arrested for corruption: FIA

RAWALPINDI: The anti-corruption Islamabad circle of Federal Investigation Agency (FIA) has arrested two persons, including a customs official, allegedly involved...

Finance Minister highlights impact-linked initiatives for climate resilience