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ISLAMABAD: Atif Ikram Sheikh, President FPCCI, has apprised that the Small and Medium Enterprises Development Authority (SMEDA) and the Federation...

FBR reduces regulatory duty on imported SUVs, ATVs

ISLAMABAD: The Federal Board of Revenue (FBR) has significantly reduced the regulatory duty on imported Sport Utility Vehicles (SUVs) and...

Customs Valuation revises import values for perfumes & colognes vide VR No2094/2026

KARACHI: The Directorate General of Customs Valuation has notified Valuation Ruling No. 2094/2026, replacing the earlier Valuation Ruling No. 1840/2024...

Pakistan’s annual inflation eases to 11.1pc in June, says PBS

ISLAMABAD: Pakistan’s annual inflation eased to 11.1 per cent in June from 11.7 per cent in May, while prices declined...

FBR collects Rs13.6 trillion in taxes during FY2025-26

ISLAMABAD: Federal Board of Revenue collected a total of Rs13,601 billion in taxes during fiscal year 2025-26, while refunds amounting...

Govt increases tax on restaurant card payments

ISLAMABAD: Customers dining at restaurants across Pakistan will now pay revised tax rates following a new government directive that took...

Pakistan repays $1.3b external debt: SBP

KARACHI: The State Bank of Pakistan (SBP) reported that the country has repaid a heavy external debt of $1.3 billion....

FBR enforces Rs25,000 surcharge payment for individuals from July 1

ISLAMABAD: The Federal Board of Revenue (FBR) has updated its IRIS portal to enforce the newly introduced Rs. 25,000 Active...

Pakistan secures $700m ADB loan for insurance, financial sector reforms

ISLAMABAD: Pakistan and the Asian Development Bank (ADB) signed a $700 million policy-based loan agreement on Monday aimed at strengthening...

World Bank urges fiscal reforms to strengthen service delivery, stability in Pakistan

ISLAMABAD: Pakistan needs to strengthen the way financial resources are shared between the federal, provincial and local governments to maintain...

KCCI raises alarm as Cotton Exchange shutdown disrupts 209 businesses

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has voiced serious concern over the continued sealing and alleged forceful...

SECP reforms leads to 1,374pc surge in third-party motor insurance in Sindh

ISLAMABAD: The Securities and Exchange Commission of Pakistan’s (SECP) reforms to enforce third party motor insurance have increased third-party motor...

Pakistan notifies Finance Act 2026-27 ahead of July 1 budget rollout

ISLAMABAD: The federal government has issued the gazette notification for the Finance Act 2026-27, paving the way for the implementation...

World’s largest container ships arrive at Karachi Port as capacity expands

KARACHI: Karachi Port has achieved another major milestone as one of the world’s largest container vessels, MSC Loreto, arrived at...

Customs Enforcement destroys contraband, hazardous goods worth Rs1.18b

LAHORE: Pakistan Customs Enforcement Lahore has destroyed contraband, expired and hazardous goods worth more than Rs1.18 billion, marking another major...

FBR to receive data on bank transactions above Rs100m under new law