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Pakistan’s Exports Face Pressure Despite GSP+ Benefits

Pakistan’s export sector is facing new challenges as shipments to several major European markets recorded a decline during the first 10 months of fiscal year 2025-26. This slowdown comes even though Pakistan continues to enjoy the European Union’s GSP+ status, which provides preferential trade access to EU countries. According to

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May 25, 2026 No Comments
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Pakistan’s Auditor General Revamps Audit Reporting After Major Financial Figure Controversy

The Auditor General of Pakistan (AGP) has introduced a new system for preparing annual audit reports after last year’s controversy involving the publication of alleged financial irregularities worth Rs375 trillion. The incident sparked nationwide criticism and raised concerns about the credibility of the country’s audit process. To prevent similar situations

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May 24, 2026 No Comments
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Punjab Agricultural Tax Hike Faces Legal Challenge in Lahore High Court

A fresh legal battle has emerged in Punjab over the government’s decision to increase agricultural income tax rates. The matter has now reached the Lahore High Court (LHC), where a constitutional petition has been filed questioning both the legality and the procedure used to implement the revised taxes. The petition

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May 24, 2026 No Comments
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Government Plans EFS Reforms to Stop Tax Abuse and Protect Formal Industries

The federal government is preparing possible reforms to the Export Facilitation Scheme (EFS) as part of the upcoming FY2026-27 budget, aiming to tackle the alleged misuse of tax exemptions and invoice trading in local markets. Officials are reviewing several proposals designed to improve transparency, strengthen tax collection, and support documented

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May 23, 2026 No Comments
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Pakistan Pushes for Greater Trade Access in New China FTA Talks

Pakistan is preparing to request major trade concessions from China as discussions begin on the third phase of the China-Pakistan Free Trade Agreement (CPFTA). The move is part of Islamabad’s broader strategy to boost exports, reduce its growing trade deficit, and secure better market access for Pakistani industries. According to

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May 23, 2026 No Comments
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K-Electric’s Sales Tax Registration Suspended by FBR Amid Consumer Concerns

The Federal Board of Revenue (FBR) has temporarily suspended the sales tax registration of K-Electric, creating concern among businesses and electricity consumers across Pakistan. The update became visible on the FBR’s online taxpayer portal, where the utility’s sales tax status was marked suspended effective May 20, 2026. However, K-Electric’s income

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May 22, 2026 No Comments
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Pakistan’s Exports Face Pressure Despite GSP+ Benefits
25May
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Pakistan’s Exports Face Pressure Despite GSP+ Benefits

Pakistan’s export sector is facing new challenges as shipments to several major European markets recorded a decline during the first 10 months of fiscal year 2025-26. This slowdown comes even…

Learn more
Pakistan’s Auditor General Revamps Audit Reporting After Major Financial Figure Controversy
24May
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Pakistan’s Auditor General Revamps Audit Reporting After Major Financial Figure Controversy

The Auditor General of Pakistan (AGP) has introduced a new system for preparing annual audit reports after last year’s controversy involving the publication of alleged financial irregularities worth Rs375 trillion.…

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Punjab Agricultural Tax Hike Faces Legal Challenge in Lahore High Court
24May
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Punjab Agricultural Tax Hike Faces Legal Challenge in Lahore High Court

A fresh legal battle has emerged in Punjab over the government’s decision to increase agricultural income tax rates. The matter has now reached the Lahore High Court (LHC), where a…

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Government Plans EFS Reforms to Stop Tax Abuse and Protect Formal Industries
23May
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Government Plans EFS Reforms to Stop Tax Abuse and Protect Formal Industries

The federal government is preparing possible reforms to the Export Facilitation Scheme (EFS) as part of the upcoming FY2026-27 budget, aiming to tackle the alleged misuse of tax exemptions and…

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Pakistan Pushes for Greater Trade Access in New China FTA Talks
23May
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Pakistan Pushes for Greater Trade Access in New China FTA Talks

Pakistan is preparing to request major trade concessions from China as discussions begin on the third phase of the China-Pakistan Free Trade Agreement (CPFTA). The move is part of Islamabad’s…

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K-Electric’s Sales Tax Registration Suspended by FBR Amid Consumer Concerns
22May
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K-Electric’s Sales Tax Registration Suspended by FBR Amid Consumer Concerns

The Federal Board of Revenue (FBR) has temporarily suspended the sales tax registration of K-Electric, creating concern among businesses and electricity consumers across Pakistan. The update became visible on the…

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Pakistan’s Mobile Phone Assembly Sees Sharp Decline in April 2026
22May
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Pakistan’s Mobile Phone Assembly Sees Sharp Decline in April 2026

Pakistan’s mobile phone manufacturing sector experienced a noticeable slowdown in April 2026, as local handset assembly dropped significantly compared to the previous month. Fresh figures released by the Pakistan Telecommunication…

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China’s GAC Enters Pakistan’s EV Market with Prices Starting at Rs6.39 Million
21May
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China’s GAC Enters Pakistan’s EV Market with Prices Starting at Rs6.39 Million

Pakistan’s electric vehicle market is continuing to grow as Chinese automotive giant GAC Group officially launches its EV lineup in the country through a partnership with Lucky Motor Corporation. The…

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Pakistan’s FY27 Budget: Higher Taxes, IMF Pressure, and Limited Relief Ahead
21May
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Pakistan’s FY27 Budget: Higher Taxes, IMF Pressure, and Limited Relief Ahead

Pakistan is preparing for another financially challenging year as the government reportedly plans to set an ambitious tax collection target of nearly Rs15.3 trillion in the upcoming FY27 budget. The…

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Pakistan Pushes for Lower Taxes on Electric Vehicles Amid IMF Discussions
20May
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Pakistan Pushes for Lower Taxes on Electric Vehicles Amid IMF Discussions

Pakistan is considering major incentives for electric vehicles (EVs) as the government looks to promote cleaner transportation and support the country’s growing auto industry. During recent discussions with the International…

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FBR Announces Weekend Operations to Facilitate Tax Collection
20May
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FBR Announces Weekend Operations to Facilitate Tax Collection

The Federal Board of Revenue (FBR) has announced that its offices across Pakistan will remain open over the weekend on May 23 and 24, 2026, to support taxpayers and streamline…

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Pakistan’s IT Industry Continues Impressive Export Growth
19May
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Pakistan’s IT Industry Continues Impressive Export Growth

Pakistan’s technology sector is showing strong signs of progress as IT export earnings recorded another major increase in April 2026. According to data released by the State Bank of Pakistan…

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Pakistan Takes a Major Step in Digital Finance and Insurance Reform
19May
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Pakistan Takes a Major Step in Digital Finance and Insurance Reform

Pakistan’s financial sector is entering a new phase of innovation as the Securities and Exchange Commission of Pakistan (SECP) has introduced several groundbreaking approvals aimed at modernizing the country’s insurance…

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IMF Reduces Pakistan’s Power Subsidy Target as Energy Reforms Gain Momentum
16May
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IMF Reduces Pakistan’s Power Subsidy Target as Energy Reforms Gain Momentum

The International Monetary Fund (IMF) has lowered Pakistan’s projected electricity subsidy allocation for FY2026-27, signaling growing confidence in the country’s ongoing power sector reforms and efforts to control circular debt.…

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Pakistan Plans Sweeping Trade and Market Reforms Under IMF Programmed
16May
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Pakistan Plans Sweeping Trade and Market Reforms Under IMF Programmed

Pakistan is preparing to implement a new round of economic reforms as part of its commitments to the International Monetary Fund (IMF), with major policy changes expected in tariffs, agriculture,…

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Lahore High Court Declares Super Tax Inapplicable on Zero-Taxed Inherited Property Gains
16May
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Lahore High Court Declares Super Tax Inapplicable on Zero-Taxed Inherited Property Gains

In a major development for taxpayers and the real estate sector, the Lahore High Court (LHC) has ruled that super tax under Section 4C of the Income Tax Ordinance, 2001,…

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Uncertainty Over Super Tax Continues Ahead of Pakistan’s FY27 Budget
15May
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Uncertainty Over Super Tax Continues Ahead of Pakistan’s FY27 Budget

As Pakistan moves closer to announcing the FY2026-27 federal budget, uncertainty surrounding the future of the Super Tax continues to worry the business community. During a recent meeting of the…

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China’s Digital Expansion into Pakistan Could Redefine Regional Trade
15May
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China’s Digital Expansion into Pakistan Could Redefine Regional Trade

Pakistan is taking another major step toward digital economic transformation as a leading Chinese technology and industrial e-commerce group prepares to establish its Digital Economy Headquarters in the country. The…

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Pakistan Tightens Tax Registration Rules for International NGOs
13May
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Pakistan Tightens Tax Registration Rules for International NGOs

Pakistan’s tax authorities are preparing to introduce stricter registration and documentation requirements for international non-government organizations (INGOs) operating in the country. The proposed changes are part of broader efforts to…

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Pakistan and the US Explore New Opportunities for Economic Cooperation
13May
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Pakistan and the US Explore New Opportunities for Economic Cooperation

Pakistan and the United States are showing renewed interest in strengthening their economic relationship as both countries engage in discussions focused on investment, reforms, and future business opportunities. Recent meetings…

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Pakistan’s Digital Economy Vision Gains Momentum Under CPEC 2.0
13May
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Pakistan’s Digital Economy Vision Gains Momentum Under CPEC 2.0

Pakistan is signaling a major shift in its economic strategy as the country moves toward a technology-focused future under the next phase of the China-Pakistan Economic Corridor (CPEC 2.0). Rather…

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Pakistan Moves Toward Refurbished Vehicle Re-Export Industry as FBR Plans EFS Changes
12May
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Pakistan Moves Toward Refurbished Vehicle Re-Export Industry as FBR Plans EFS Changes

Pakistan is preparing to open a new chapter in its export and automotive sectors as the Federal Board of Revenue (FBR) works on amendments to the Export Facilitation Scheme (EFS)…

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NEPRA Reviews K-Electric’s Rs58 Billion Tariff Adjustment Requests
12May
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NEPRA Reviews K-Electric’s Rs58 Billion Tariff Adjustment Requests

The National Electric Power Regulatory Authority (NEPRA) has completed a public hearing on major financial claims submitted by K-Electric under its Multi-Year Tariff (MYT) framework for FY2017–2023. The total amount…

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Pakistan’s IT Sector Set for Record Growth as Digital Transformation Gains Pace
11May
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Pakistan’s IT Sector Set for Record Growth as Digital Transformation Gains Pace

Pakistan’s technology industry is entering a new phase of growth, with the country expected to achieve nearly $4.6 billion in IT exports during the current fiscal year. The projection reflects…

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Government Prepares Major Reforms to Reduce Tax Litigation in Pakistan
10May
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Government Prepares Major Reforms to Reduce Tax Litigation in Pakistan

The federal government is moving toward significant reforms in Pakistan’s tax dispute system as the number of pending cases involving the Federal Board of Revenue continues to rise sharply. Authorities…

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Pakistan Eyes Chinese Capital Markets with Historic Panda Bond Launch
10May
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Pakistan Eyes Chinese Capital Markets with Historic Panda Bond Launch

Pakistan is preparing to enter China’s domestic debt market for the very first time through a Panda bond issuance worth around $250 million. The move represents a major step in…

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ECC Clears Vehicle Re-Export Plan to Encourage Investment and Export Growth
08May
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ECC Clears Vehicle Re-Export Plan to Encourage Investment and Export Growth

Pakistan has approved a new policy aimed at developing an export-focused vehicle refurbishment industry after the Economic Coordination Committee (ECC) gave the green light to a framework for importing, refurbishing,…

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FIA Questions Pakistan’s Oil Price Compensation System Amid Allegations of Irregular Claims
08May
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FIA Questions Pakistan’s Oil Price Compensation System Amid Allegations of Irregular Claims

Pakistan’s fuel pricing system has come under fresh scrutiny after the Federal Investigation Agency (FIA) raised serious concerns about the mechanism used to compensate oil marketing companies (OMCs) during recent…

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Lahore High Court Expands Legal Powers of Overseas Pakistanis Property Courts
07May
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Lahore High Court Expands Legal Powers of Overseas Pakistanis Property Courts

In a landmark decision, the Lahore High Court has clarified that special property courts established for overseas Pakistanis can hear a much wider range of disputes than previously understood. The…

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Pakistan Sets New Record in Company Registrations During April 2026
07May
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Pakistan Sets New Record in Company Registrations During April 2026

Pakistan witnessed a historic rise in business registrations in April 2026, marking a major milestone for the country’s corporate sector and economic documentation efforts. According to the Securities and Exchange…

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K-Electric’s Massive Tariff Adjustment Request Heads for Review
06May
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K-Electric’s Massive Tariff Adjustment Request Heads for Review

Pakistan’s power sector is once again in the spotlight as the National Electric Power Regulatory Authority prepares to examine a substantial tariff adjustment request from K-Electric. The utility has asked…

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A New Push to Fix Pakistan’s Tax Dispute Maze
06May
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A New Push to Fix Pakistan’s Tax Dispute Maze

Pakistan is taking another shot at cleaning up one of its most persistent governance problems: the tax litigation system. Prime Minister Shehbaz Sharif has signed off on a reform package…

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Pakistan and the World Bank Revisit a $20 Billion Reform Roadmap
06May
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Pakistan and the World Bank Revisit a $20 Billion Reform Roadmap

Pakistan has taken another step toward shaping its long-term economic future through renewed engagement with the World Bank. In a recent high-level meeting, officials reviewed progress on a major development…

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Pakistan’s Financial System in 2025: Stability with Cautious Optimism
05May
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Pakistan’s Financial System in 2025: Stability with Cautious Optimism

Pakistan’s financial landscape showed notable resilience throughout 2025, managing to stay stable despite a challenging global environment. According to the central bank’s latest financial stability review, a combination of easing…

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US Opens Doors to Pakistani Investors at SelectUSA Summit 2026
04May
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US Opens Doors to Pakistani Investors at SelectUSA Summit 2026

The United States has once again positioned itself as a prime destination for global investment, extending an open invitation to Pakistani entrepreneurs and investors to explore opportunities within its vast…

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Altern Energy Pulls the Plug on Key Agreements: A Turning Point or Just Another Reset?
04May
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Altern Energy Pulls the Plug on Key Agreements: A Turning Point or Just Another Reset?

Pakistan’s power sector has seen its fair share of restructurings, but the recent move by Altern Energy Limited stands out for its scale and timing. The company has formally ended…

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Can a $70 Billion Regional Initiative Fix Pakistan’s Power Puzzle?
04May
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Can a $70 Billion Regional Initiative Fix Pakistan’s Power Puzzle?

Pakistan’s energy crisis has never been a simple story of shortage. In fact, the country produces more electricity than it sometimes uses—yet millions still experience outages. This contradiction sits at…

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New US F-16 Support Deal: A Boost for Pakistan’s Air Power
02May
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New US F-16 Support Deal: A Boost for Pakistan’s Air Power

The United States has taken another step in supporting the global network of F-16 fighter jet operators by awarding a major long-term contract for radar system maintenance and engineering services.…

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Rs7.5 Billion Controversy: What the Latest FBR Case Reveals About Corporate Accountability
02May
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Rs7.5 Billion Controversy: What the Latest FBR Case Reveals About Corporate Accountability

A recent case initiated by Pakistan’s tax authorities has put the spotlight on how companies handle financial responsibilities—especially when personal and corporate obligations become intertwined. The Federal Board of Revenue…

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How Middle East Tensions Could Shake Pakistan’s Economy
02May
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How Middle East Tensions Could Shake Pakistan’s Economy

Rising geopolitical tensions in the Middle East are no longer just a regional concern—they are quickly becoming a global economic issue, with countries like Pakistan feeling the pressure almost immediately.…

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Pakistan Engages with US Over Labour Standards in Trade Review
01May
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Pakistan Engages with US Over Labour Standards in Trade Review

Pakistan is currently presenting its position to the United States as part of a wide-ranging review of international trade practices tied to concerns about forced labour. The review, led by…

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Revenue Pressures Mount as Pakistan Falls Short of Tax Targets
01May
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Revenue Pressures Mount as Pakistan Falls Short of Tax Targets

Pakistan’s tax collection efforts are facing growing strain, with the gap between actual revenue and official targets widening as the fiscal year progresses. The latest figures show that the country…

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Pakistan–China Partnership Deepens with New Agreements in Infrastructure, Health, and Technology
01May
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Pakistan–China Partnership Deepens with New Agreements in Infrastructure, Health, and Technology

Pakistan and China have once again reaffirmed the strength of their long-standing partnership by signing a series of new agreements during President Asif Ali Zardari’s recent visit to China. The…

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AGP Limited Charts a New Growth Path with Strategic Pharma Deals
30Apr
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AGP Limited Charts a New Growth Path with Strategic Pharma Deals

Pakistan’s pharmaceutical sector may be heading into an interesting phase, as AGP Limited signals a more aggressive expansion strategy. In its latest board meeting held on April 29, 2026, the…

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Pakistan’s E-Commerce Sector Is Losing Billions at Checkout — Why It Matters
30Apr
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Pakistan’s E-Commerce Sector Is Losing Billions at Checkout — Why It Matters

Pakistan’s e-commerce industry is expanding rapidly, fueled by growing internet access, smartphone usage, and a shift toward digital shopping. However, behind this upward trend lies a critical issue: a significant…

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Lower Gas Levies, Higher Stakes: What the IMF’s Decision Means for Pakistan’s Industry
29Apr
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Lower Gas Levies, Higher Stakes: What the IMF’s Decision Means for Pakistan’s Industry

Pakistan’s industrial sector is set to benefit from a notable reduction in energy costs after the International Monetary Fund (IMF) approved changes to the captive gas levy formula. The revision…

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A Quiet but Crucial Deal: What SPL’s Renewed Agreement Means for Pakistan’s Currency Production
29Apr
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A Quiet but Crucial Deal: What SPL’s Renewed Agreement Means for Pakistan’s Currency Production

In a development that may not attract widespread attention but carries real economic significance, Security Papers Limited (SPL) has extended its trade agreement with Pakistan Security Printing Corporation for another…

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When Digital Tax Systems Fall Short: Why FBR’s Tech Gaps Matter for Taxpayers
29Apr
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When Digital Tax Systems Fall Short: Why FBR’s Tech Gaps Matter for Taxpayers

Pakistan’s push toward a digital tax ecosystem is meant to simplify compliance, improve transparency, and modernize revenue collection. But according to the Pakistan Tax Bar Association (PTBA), the reality on…

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NEPRA Tightens Oversight with New Rules on Power Projects and Grid Integration
28Apr
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NEPRA Tightens Oversight with New Rules on Power Projects and Grid Integration

The National Electric Power Regulatory Authority (NEPRA) has rolled out two important regulatory measures aimed at improving governance and technical discipline in Pakistan’s power sector. Introduced through SRO 692(I)/2026 and…

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SBP Raises Policy Rate to 11.50% and Adjusts Interest Rate Corridor
28Apr
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SBP Raises Policy Rate to 11.50% and Adjusts Interest Rate Corridor

The State Bank of Pakistan (SBP) has announced a significant monetary policy update, increasing its benchmark policy rate by 100 basis points to 11.50%, effective April 28, 2026. Alongside this…

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Pakistan Tightens Grip on Virtual Assets: Pre-Approval Now Mandatory for All Initiatives
27Apr
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Pakistan Tightens Grip on Virtual Assets: Pre-Approval Now Mandatory for All Initiatives

Pakistan’s approach to digital finance is entering a more structured phase. The Pakistan Virtual Assets Regulatory Authority (PVARA) has issued a fresh advisory making it clear that no virtual asset-related…

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Relief for Exporters as Cargo Surcharge Is Withdrawn
26Apr
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Relief for Exporters as Cargo Surcharge Is Withdrawn

Pakistan’s export sector recently received a much-needed boost after a disputed cargo surcharge was отменed following regulatory intervention. The decision not only removes an immediate financial burden on exporters but…

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Pakistan’s PRSC-EO3 Satellite Launch: A Step Toward Smarter Earth Observation
26Apr
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Pakistan’s PRSC-EO3 Satellite Launch: A Step Toward Smarter Earth Observation

Pakistan has taken another step forward in strengthening its space capabilities with the successful launch of its remote sensing satellite, PRSC-EO3. The satellite was sent into orbit from China’s Taiyuan…

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Nepra Clears the Air on Solar Rules: No Approval Needed for Off-Grid Systems
25Apr
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Nepra Clears the Air on Solar Rules: No Approval Needed for Off-Grid Systems

Pakistan’s solar energy sector has been buzzing with confusion lately, but a recent clarification from the National Electric Power Regulatory Authority (Nepra) has set the record straight. Contrary to circulating…

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Digital by Design: SECP’s New Plan to Reinforce Financial Security
25Apr
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Digital by Design: SECP’s New Plan to Reinforce Financial Security

Pakistan is preparing for a notable shift in how financial transactions are monitored and verified, as the Securities and Exchange Commission of Pakistan (SECP) proposes sweeping updates to its anti-money…

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A City on Standby: Life in Islamabad Under an Unfinished Lockdown
25Apr
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A City on Standby: Life in Islamabad Under an Unfinished Lockdown

For days now, life in Islamabad has been caught in a strange pause—neither fully shut down nor functioning as usual. The reason isn’t a natural disaster or a domestic crisis,…

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Pakistan Sets Ambitious Fiscal and Reserve Targets Under IMF Program
24Apr
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Pakistan Sets Ambitious Fiscal and Reserve Targets Under IMF Program

Pakistan is preparing to adopt a stricter economic framework as part of its ongoing engagement with the International Monetary Fund (IMF), aiming to stabilize public finances and strengthen external reserves.…

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OGDCL Receives Rs7.725 Billion: A Step Forward in Pakistan’s Circular Debt Strategy
24Apr
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OGDCL Receives Rs7.725 Billion: A Step Forward in Pakistan’s Circular Debt Strategy

Pakistan’s ongoing efforts to tackle the long-standing issue of circular debt in the energy sector continue to show gradual progress. In a recent development, Oil and Gas Development Company Limited…

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Pakistan’s Forex Reserves Show Modest Growth, Signal Stability
23Apr
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Pakistan’s Forex Reserves Show Modest Growth, Signal Stability

Pakistan’s external financial position recorded a slight improvement in April 2026, as the country’s foreign exchange reserves inched upward. Fresh data released by the State Bank of Pakistan shows that…

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Key Tax Relief for Corporates as Tribunal Limits Minimum Tax Application
22Apr
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Key Tax Relief for Corporates as Tribunal Limits Minimum Tax Application

A recent decision by the Appellate Tribunal Inland Revenue has delivered an important message for businesses across Pakistan: minimum tax cannot be enforced where there is no actual tax payable.…

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