The State Bank of Pakistan (SBP) has extended permission for the import of crude oil and petroleum products on a Cost, Insurance and Freight (CIF) basis until July 10, 2026, as part of efforts to ensure uninterrupted fuel supplies amid continued uncertainty in global energy markets.

Textile exporters, telecom operators, dairy producers, and pharmaceutical manufacturers have urged the government to introduce tax relief measures and rationalise duties in the upcoming federal budget, including the abolition of super tax and reductions in withholding tax rates.

Federal Minister for Commerce Jam Kamal Khan on Thursday met with a delegation from Philip Morris International to discuss key challenges confronting Pakistan’s tobacco sector, including illicit trade, regulatory enforcement, traceability gaps, and export potential.

The Federal Constitutional Court has declared Section 7E of the Income Tax Ordinance, 2001 unconstitutional, ruling that the provision exceeded the constitutional authority of the federal government.

Sindh Chief Minister Murad Ali Shah has approved a comprehensive development, welfare, and reform package exceeding Rs30 billion, encompassing infrastructure upgrades, healthcare initiatives, governance reforms, subsidies, and public welfare projects across the province.

The Federal Board of Revenue (FBR) has initiated a series of enforcement-driven measures to strengthen revenue collection amid a reported shortfall of Rs683 billion in the მიმდინარე fiscal year.