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ISLAMABAD: The Prime Minister of Pakistan has expressed satisfaction with Bloomberg’s latest report on Pakistan’s economic stability, stating it strongly...

World Bank appoints new Country Director for Pakistan

ISLAMABAD: The World Bank (WB) has appointed Ms. Bolormaa Amgaabazar the new World Bank Country Director for Pakistan effective from...

Petrol, diesel prices likely to go up by Rs5 per liter from July 1

ISLAMABAD: Petroleum product prices in Pakistan are expected to rise by up to Rs5 per liter starting July 1, sources...

Tax exemptions granted to over 50 entities, including Fauji Foundation, Army Welfare Trust

ISLAMABAD: The Finance Bill 2025-26, approved by parliament, includes a provision for over 50 tax exemptions impacting several organizations. The...

Pakistan tops global emerging markets in default risk reduction

NEW YORK: Pakistan has emerged as a leading economy among the emerging markets globally, according to a report by Bloomberg....

FILE PHOTO: Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson

Pakistan’s shipping set for $700m growth

KARACHI: The Pakistan National Shipping Corporation (PNSC) is poised to earn a whopping $700 million in freight earnings over the...

FBR starts targeted crackdown on solar energy sector for tax compliance

ISLAMABAD: The Federal Board of Revenue (FBR) has initiated a targeted monitoring campaign, deploying its officers to oversee the sales...

Karachi LTO recovers Rs31b by attaching bank accounts of defauters

KARACHI: The Large Taxpayers Office (LTO) Karachi has recovered a record-breaking Rs31 billion in outstanding taxes by freezing the bank...

Govt committed to maintaining financial discipline with balanced decisions: Dar

ISLAMABAD: Deputy Prime Minister, Foreign Minister Senator Ishaq Dar underscored the government’s commitment to taking balanced decisions that maintain financial...

Cash withdrawal restrictions under Section 114C primarily target individuals

ISLAMABAD: Under the latest amendments to Section 114C of the Income Tax Ordinance, restrictions on cash withdrawals from bank accounts...

New customs tariff slabs to take effect from July 1, 2025

LAHORE: In a sweeping overhaul of the import duty regime, the government has revised Customs laws through amended Finance Bill,...

Advisor welcomes PBA support for govt. reforms, federal budget

ISLAMABAD: Advisor to the Finance Minister Khurram Schehzad welcomed and thanked the Pakistan Banks Association (PBA) for their strong and...

World Bank reaffirms longstanding support for Pakistan’s economic agenda: Ahad Cheema

WASHINGTON: Minister for Economic Affairs Ahad Khan Cheema held high-level discussions with World Bank leadership during his official visit to...

SBP announces extended banking hours for fiscal year-end tax collection

KARACHI: The State Bank of Pakistan (SBP) has announced a special banking schedule for the upcoming fiscal year-end, aimed at...

Pakistan, Uzbekistan explore maritime partnership at Karachi Port