KARACHI: The State Bank of Pakistan (SBP) on Thursday pumped a massive Rs645.1 billion into the financial system through conventional and Shariah-compliant Open Market Operations (OMOs) to keep liquidity abundant and money markets calm. The central bank injected Rs512.6 billion via one-day Read More...
KARACHI: The State Bank of Pakistan (SBP) has declared Thursday, January 1, 2026 a full bank holiday, closing all public dealings across the central bank, commercial banks, development Read More...
ISLAMABAD: The Federal Board of Revenue (FBR) has officially capped meritorious rewards for Inland Revenue officials at 24 salaries per financial year per employee, formalised through S.R.O. 2485(I)/2025 amending the Inland Revenue Reward Rules, 2021. Last month’s unanimous approval raised the Read More...
PESHAWAR: The Khyber Pakhtunkhwa Excise, Taxation and Narcotics Control Department has ramped up its property tax recovery blitz, sealing multiple residential and commercial properties across the city for chronic non-payment under ETO-VI Ejaz Khan’s command. The department vowed no mercy for Read More...
KARACHI: Sui Southern Gas Company (SSGC) has suffered a devastating profit plunge in the quarter ended September 30, 2025, with profit after tax crashing to Rs271 million from Rs4.87 billion last year — EPS collapsing to Rs0.31 from Rs5.53. Profit before tax tumbled to Rs1.33 billion vs Rs4.91 Read More...
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has been crippled with only two commissioners since December 12, after Chairman Akif Saeed and Commissioners Mujtaba Lodhi and Abdur Rahman Warraich completed their terms — leaving Zeeshan Rehman Khattak and Muzaffar Ahmed Read More...
ISLAMABAD: The Federal Board of Revenue (FBR) has granted sweeping tax exemptions — zero sales tax, income tax, and federal excise duty — on over 2,403 Chinese-origin goods imported via Sost Dry Port exclusively for Gilgit-Baltistan consumption, via S.R.O. 2488(I)/2025. The special clearance Read More...
KARACHI: Dr Shamshad Akhtar, former caretaker Finance Minister and ex-SBP Governor, has passed away suddenly at 70, sources confirmed Sunday — no known serious illness. Funeral prayers after Asr at Sultan Mosque, DHA Karachi, followed by burial. President Asif Ali Zardari led tributes, Read More...
ISLAMABAD: The Competition Commission of Pakistan (CCP) has extended the deadline to December 30, 2025 for major private school chains to respond to show-cause notices over alleged anti-competitive tactics, officials confirmed on Sunday. CCP bowed to requests from school networks, granting extra Read More...
ISLAMABAD: The Federal Board of Revenue (FBR) has suspended six officials after they were caught red-handed absent from their critical monitoring posts at sugar mills, officials revealed on Monday. Deployed under Section 40B of the Sales Tax Act, 1990 to track production and enforce tax Read More...
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