ISLAMABAD: The Federal Board of Revenue (FBR) has rolled out a high-intensity strategy to hit its revised second-half tax target for FY 2025-26, zeroing in on administrative muscle and recovering stuck revenue, FBR Chairman Rashid Mahmood Langrial chaired a critical war-room meeting with Chief Read More...
ISLAMABAD: The government is finalising a new Mobile and Electronic Device Manufacturing Policy for 2026–33, proposing a 5% import levy on mobile phones and electronic devices to generate $368 million in revenue while pushing localisation of manufacturing. The policy, awaiting Prime Minister Read More...
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has granted final approval for the IPO and offer for sale of Signature Residency REIT (SRR), paving the way for its listing on the Pakistan Stock Exchange (PSX). The offer involves 8.25 million units — representing 25% of the Read More...
ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday strongly refuted media reports and viral social media claims suggesting it intends to impose “unjust taxation” on exporters through aggressive scrutiny of their Tax Year 2025 income tax returns. The FBR clarified that a circulating Read More...
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ISLAMABAD: As Pakistan prepares for its inaugural 5G spectrum auction, telecom stakeholders have raised serious concerns that limited availability of 5G-compatible devices may severely restrict the technology’s widespread adoption, potentially confining benefits to a narrow segment of affluent Read More...
ISLAMABAD: The Public Accounts Committee (PAC) on Tuesday blasted the National Highway Authority (NHA) for massive financial irregularities, exposing Rs26.4 billion in unpaid toll dues and nearly Rs16 billion in unrecovered penalties from overloaded trucks, causing huge losses to the national Read More...
ISLAMABAD: The Finance Division has prepared amendments to the Payment Systems and Electronic Fund Transfers Act, 2007, mandating at least one digital payment option (such as QR codes) at all points of sale, with local governments empowered to enforce compliance. The finance secretary has Read More...
ISLAMABAD: The Sindh government has admitted massive misappropriation and irregularities in the $100 million World Bank-funded Sindh Solar Energy Project (SSEP), launching a full inquiry against those responsible, officials informed the Senate Standing Committee on Economic Affairs on Tuesday. Read More...
LAHORE: The Federal Board of Revenue (FBR) has sealed two sugar mills in central Punjab on Monday after uncovering major violations of tax laws, the authority announced. The action was triggered by breaches of Section 40C of the Sales Tax Act, 1990, along with related Sales Tax Rules mandating Read More...
KARACHI: Consumers are set for major relief starting January 1, 2026, as petroleum prices are projected to drop sharply across all major fuels — petrol could fall by up to Rs10.60 per litre at the ex-refinery level, bringing huge savings for households and transport. Projected ex-refinery Read More...
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