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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...

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 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...

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...

Senate panel seeks 20-year tobacco tax record after FBR fails to provide data

ISLAMABAD: The Sub-Committee of the Senate Standing Committee on Interior and Narcotics has sought a 20-year record of tobacco tax...

FIA fines cargo vessel Rs1.5m over immigration law violations

KARACHI: The Federal Investigation Agency (FIA) Immigration has imposed a Rs1.5 million fine on the local agent of a cargo...

Pakistan establishes Petroleum Prices Estabilization Fund to curb fuel price volatility

byQaisar Mansoor

ISLAMABAD: The federal government has established a Petroleum Price Stabilization Fund in a major step aimed at addressing sharp fluctuations...

SBP bars banks from freezing accounts without legal approval

KARACHI: State Bank of Pakistan has directed banks nationwide not to block or freeze accounts without legal justification, approval from...

RCCI, SMEDA host World MSME Day ceremony

RAWALPINDI: President of the Rawalpindi Chamber of Commerce and Industry (RCCI), Usman Shaukat, has called on commercial banks to significantly...

PIA’s ownership officially transferred to new owners

ISLAMABAD: The Pakistan International Airlines' (PIA) ownership has officially been transferred to new owners. According to the PIA spokesperson, the...

FBR restricts green channel for importers without digital integration

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to withdraw the green channel facility for importers that fail to...

FBR suspends nine Faceless Customs officials in major crackdown

ISLAMABAD: The Federal Board of Revenue (FBR) has launched a major disciplinary action by suspending nine officials associated with its...

Pakistan approaching digital assets with Pakistan-first strategy: Bilal

ZURICH: Chairman Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal Bin Saqib says Pakistan is approaching digital assets with a Pakistan-first...

FBR issues new cargo transportation framework for trade with Iran