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ISLAMABAD: In a policy note on Monday, Global rating agency Moody’s cautioned that growing tensions between India and Pakistan would...

FBR faces 13,000 complaints in first four months of 2025, up from 2,000 in 2024

ISLAMABAD: Despite a high-profile transformation plan, the Federal Board of Revenue (FBR) is facing a surge in maladministration complaints, which...

SBP cuts interest rate by 100bps to 11pc as inflation cools down

KARACHI: State Bank of Pakistan (SBP) on Monday lowered the key interest rate by 100 basis points (bps), bringing it...

FTO orders Customs to return gold held Illegally for 27 years

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed Pakistan Customs to return 170 tolas of gold unlawfully held for over...

PCC positions Pakistan as rising force in global crypto diplomacy in just 50 days

ISLAMABAD: The Pakistan Crypto Council (PCC), in just 50 days since its launch on March 14, 2025, has achieved what...

FBR extends e-invoicing deadline for corporate, non-corporate taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) has announced a one-month extension for corporate and non-corporate taxpayers to comply with...

Govt directs gas companies to begin billing captive power users under new grid levy

ISLAMABAD: The federal government has instructed gas utilities to initiate billing of captive power consumers under the newly enacted Grid...

Chinese firm raises concerns over Gwadar coal project delays, tariff disputes

GWADAR: The Chinese company M/s CIHC Pak Power Company Limited (CPPCL), which is set to establish a 300 MW coal-fired...

IMF declines India’s request to revisit Pakistan’s loan, board to meet on May 9

ISLAMABAD: The International Monetary Fund (IMF) has not accepted India’s reported request to revisit Pakistan’s ongoing loan arrangements, reaffirming its...

Pakistan loses Rs3.4 trillion annually to illicit trade, smuggling & counterfeit goods

LAHORE: Pakistan loses an estimated Rs3.4 trillion annually in tax revenue due to illicit trade, with smuggling and counterfeit goods...

Weekly foreign exchange reserves decline by $184m: SBP

KARACHI: Pakistan’s total foreign exchange reserves witnessed a decline of $184 million during the week ending April 25, 2025, according...

FBR launches audit drive targeting income & sales taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) is set to embark on a comprehensive audit initiative designed to encompass both...

Finance minister briefs S&P on reform progress and economic stability outlook

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, along with his team held a Zoom meeting with representatives...

SAARC Chamber delegation calls on Commerce minister, seeks support for upcoming regional trade event

ISLAMABAD: A delegation from the SAARC Chamber of Commerce and Industry, led by Hina Mansab Khan, Chairperson of the SAARC...

Finance Minister terms US Tariffs as a manageable situation for Pakistan

KARACHI, Apr 30 (APP): The Federal Minister for Finance and Revenue, Muhammad Aurangzeb expressed confidence that the situation evolving at...

KTBA urges FBR to address functional & procedural anomalies in IRIS system

KARACHI: The Karachi Tax Bar Association (KTBA) has formally brought to the attention of the Federal Board of Revenue (FBR)...

ATIR declares unlawful sealing of business by tax authorities

ISLAMABAD: In a significant ruling, the Islamabad bench of the Appellate Tribunal Inland Revenue (ATIR) has declared the sealing of...

Karachi Enforcement foils bid to smuggle 14,000 donkey skins to China

KARACHI: Collectorate of Customs anti-smuggling squad have foiled an attempt to smuggle over 14,000 donkey skins to China, raising serious...

AI system launched in Pakistan to streamline cross-border trade