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Govt to cut income tax, sales tax exemptions in budget
ISLAMABAD: Preparations for Budget 2026-27 are underway, with the government deciding to reduce exemptions in the income tax and sales...
Jewelers propose simplified income tax regime for jewelry sector
KARACHI: The All Pakistan Sarafa Gems and Jewelers Association has proposed a special income tax regime for the jewelry sector...
Ayaz Sadiq seeks explanation from finance ministry, FBR over non-submission of replies
ISLAMABAD: Speaker National Assembly Sardar Ayaz Sadiq on Friday sought an explanation from the Ministry of Finance and the Federal...
Govt plans 7-year car installment scheme with loans up to Rs10m
LAHORE: The federal government is considering a major overhaul of auto financing rules that would allow long-term car installment plans...
Railways ML-1 upgradation project to start this year, estimated cost set at $6.66b
ISLAMABAD: The Ministry of Railways has presented a detailed plan in the National Assembly for the upgradation of the 1,726-kilometre...
Federal capital needs proper representation in NFC Award: ICCI
ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICCI) Sardar Tahir Mehmood has called for the immediate inclusion of Islamabad...
FBR plans AI-based system to detect false tax return data
ISLAMABAD: The Federal Board of Revenue (FBR) is planning to introduce an AI-based tax monitoring system through the upcoming Finance...
Pakistan set to launch Panda Bond with $250m inaugural issue: Khurram Schehzd
KARACHI: Advisor to Finance Minister Khurram Schehzad, Wednesday, announced that Pakistan is set to launch Panda Bond within a few...
SBP eases rules for overseas heirs to transfer inherited assets abroad
KARACHI: State Bank of Pakistan (SBP) has revised its foreign exchange regulations to simplify the process for non-resident legal heirs...
Pakistan, Qatar reaffirm commitment to stronger energy cooperation
ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik and Qatar’s Ambassador to Pakistan Ali bin Mubarak Al-Khater on Thursday reaffirmed...
FBR’s ‘Out of Demand’ income tax collection jumps 110b to ₨266b in FY25
ISLAMABAD: Income tax collection under the “Out of Demand” category more than doubled during fiscal year 2024-25, rising 110.3% to...
Govt generates Rs37.28b carbon levy in 9MFY26
ISLAMABAD: Climate Support Levy introduced under Finance Act 2025 boosts revenue collection during first nine months The government collected Rs37.28...
FBR Tax-to-GDP ratio falls in 9MFY26 despite 10pc increase in revenue collection
ISLAMABAD: Pakistan’s Tax-to-GDP ratio based on Federal Board of Revenue (FBR) collections declined during the first nine months of fiscal...
Pakistan, China expanding cooperation with over US$ 1.5 billion investments: Envoy Hashmi
KARACHI: Pakistan’s Ambassador to the People’s Republic of China, Khalil Hashmi, said Pakistan and China were expanding cooperation across 21...
FinMin leaves for China to attend launch of Pakistan’s first ‘Panda Bond’
ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has departed for China to attend the launch ceremony of...
Pakistan faces mango export challenges amid Afghanistan border closure, Gulf tensions
ISLAMABAD: Pakistan mango export sector is facing mounting challenges due to geopolitical tensions in Afghanistan and the Middle East, threatening...
Qatari LNG tanker heads via Strait of Hormuz to Pakistan, shows data
KARACHI: A second Qatari liquefied natural gas tanker is transiting the Strait of Hormuz days after the first such cargo...
RCCI inks MoU with China’s IBI Group to promote industrial cooperation
RAWALPINDI: The Rawalpindi Chamber of Commerce & Industry (RCCI) signed a Memorandum of Understanding (MoU) with China’s IBI Group during...
Pakistan weighs fertiliser imports from Central Asia amid fears of supply disruptions
ISLAMABAD: Prime Minister Shehbaz Sharif directed the authorities to ensure timely provision of fertiliser to farmers at all costs and...
flydubai suspends flights to Islamabad, Lahore and Peshawar until October
KARACHI: UAE-based carrier flydubai has suspended its flight operations to and from Islamabad, Lahore and Peshawar until October 26, citing...
