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New auto policy proposes sales tax cut on 800cc cars in Pakistan
ISLAMABAD: The federal government is considering reducing the sales tax on locally assembled 800cc cars from 18% to 12.5% under...
Pakistan emerges as world’s third-largest solar panel importer, report says
ISLAMABAD: Pakistan has become the world's third-largest importer of solar panels after importing 17 gigawatts (GW) of solar power systems...
FBR deploys new powers to punish tax dodgers avoiding digital monitoring
ISLAMABAD: The Federal Board of Revenue (FBR) blocked refunds worth more than Rs6 billion belonging to taxpayers who failed to...
Karachi raises flour prices as new official rates take effect
KARACHI: The Karachi administration has increased the official wholesale and retail prices of flour across the city, according to a...
LCCI holds seminar on export opportunities for Pakistan
LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Faheem Ur Rehman Saigol has stressed the need to increase Pakistan’s...
Pakistan’s total liquid foreign reserves reach near $24b, SBP holds 18.47b
KARACHI: The total liquid foreign reserves of Pakistan surged to US$ 23,988.7 million at the start of the new financial...
CDNS exceeds Shariah investment target, mobilises Rs61b in FY2025-26
KARACHI: The Central Directorate of National Savings (CDNS) has surpassed its annual target for Shariah-compliant investments by mobilising Rs61 billion...
Punjab introduces simplified tax deduction system for digital payments
LAHORE: The Punjab Revenue Authority (PRA) has implemented a new and simplified tax deduction system for digital payments across the...
Customs Enforcement starts inquiry into senior officials over abuse of EFS
ISLAMABAD: The Collectorate of Customs (Enforcement), Karachi has uncovered an alleged large-scale misuse of the Export Facilitation Scheme (EFS) by...
FBR notifies overstayed cargo management rules from August 31
ISLAMABAD: The Federal Board of Revenue (FBR) has notified the Overstayed Cargo Management Rules, 2026, introducing a fully automated mechanism...
FBR likely to collect Rs410b customs duty from petroleum products in FY2026-27
ISLAMABAD: The Federal Board of Revenue (FBR) has projected customs duty collection of more than Rs410 billion from petroleum product...
World Bank approves $375.9m for Pakistan’s power grid modernisation
WASHINGTON: The World Bank's Board of Executive Directors has approved $375.9 million in financing for Pakistan's Grid Stability Enhancement Project,...
Pakistan resumes potato exports to Russia after import restrictions eased
ISLAMABAD: Russia has lifted restrictions on potato imports from Punjab, allowing 101 Pakistani exporters to resume shipments from July 7...
ICCI leadership appreciates PM’s initiative to build a robust SME ecosystem
ISLAMABAD: Acting President of the Islamabad Chamber of Commerce and Industry (ICCI), Tahir Ayub, has warmly welcomed Prime Minister Muhammad...
KP asks Centre to defer tax exemption withdrawal in Malakand, merged districts
PESHAWAR: The Khyber Pakhtunkhwa government has asked the federal government to defer the proposed withdrawal of tax exemptions in Malakand...
Govt issues emergency LNG tender after ‘Qatari shipment aborted’
ISLAMABAD: The federal government has issued an emergency tender to procure a liquefied natural gas (LNG) cargo for delivery on...
World Bank delegation briefed on PRA reform agenda
LAHORE: A World Bank (WB) delegation led by Clelia Rontoyanni called on Punjab Revenue Authority (PRA) Chairman Moazzam Iqbal Sipra...
Nepra raises electricity tariff by Rs0.34 per unit for consumers across Pakistan, including Karachi
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved a Rs0.34 per unit increase in electricity tariffs for consumers...
Pakistan receives $41.6b in remittances during FY2025-26: SBP
KARACHI: Remittances from overseas Pakistanis increased by 8.6 per cent during the fiscal year 2025-26, according to the State Bank...
Maritime Task Force reforms boost customs efficiency, trade facilitation
ISLAMABAD: The Federal board of Revenue (FBR) on Thursday said sweeping reforms initiated under the Prime Minister's Maritime Task Force...
