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LAHORE: The Punjab government has announced a significantly smaller Annual Development Program (ADP) for fiscal year 2026-27, allocating Rs. 752...

BMP questions budget’s ambitious tax target, fears more reliance on levies

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Businessmen Panel (BMP) has questioned the government’s ambitious budget...

Balochistan presents Rs1.089tr surplus budget for FY2026-27

QUETTA: The Balochistan government on Wednesday presented a Rs1.089 trillion surplus budget for the fiscal year 2026-27, outlining major allocations...

FBR reveals 9,000 Pakistanis hold Rs750b in bank deposits but pay no income tax

ISLAMABAD: Chairman of the Federal Board of Revenue (FBR), Rashid Mahmood Langrial, has disclosed that around 9,000 individuals in Pakistan...

Karachi Port freezes proposed 5pc tariff increase for FY2026-27

KARACHI: Karachi Port has frozen a proposed 5% tariff increase for the fiscal year 2026-27, a move aimed at reducing...

Aurangzeb lauds BYD’s growing footprint in Pakistan

ISLAMABAD: Minister for Finance Senator Muhammad Aurangzeb has appreciated Chinese multinational manufacturing company BYD's growing footprint in Pakistan. He was...

Pakistan, Canada hold investment treaty talks to boost economic cooperation

OTTAWA: A high-level Pakistani delegation led by Additional Secretary of the Board of Investment (BoI) Zulfiqar Ali is currently in...

Pakistan’s external borrowing surges by $5.21b in 11 months

ISLAMABAD: Pakistan’s external borrowing has increased by 5.21 billion dollars compared to the previous year, according to official documents. The...

Pakistan brokers Iran-US ceasefire as energy prices set for immediate relief

ISLAMABAD: Federal Minister for Petroleum Ali Parvaiz Malik stated that diplomatic efforts led by the Prime Minister, Field Marshal, Foreign...

ADB approves $700m loan for Pakistan to strengthen insurance sector

ISLAMABAD: The Asian Development Bank (ADB) has approved a $700 million loan for Pakistan aimed at improving and expanding the...

New, simple electricity bill format launched

ISLAMABAD: The Power Division has introduced a new and simplified electricity bill format across the country to improve consumer convenience,...

FCC declares property tax regime ‘confiscatory’

ISLAMABAD: The Federal Constitutional Court has held that Section 7E of the Income Tax Ordinance, 2001, was effectively illusory and...

Punjab proposes higher sales tax on restaurant payments via cards

LAHORE: The Punjab government has proposed an increase in sales tax on restaurant payments made through digital channels under the...

Pakistan’s tech exports hit record $4.2b in 11MFY26: Khurram Schehzad