The Federal Board of Revenue (FBR) has announced a temporary suspension of several of its online tax platforms due to planned system maintenance. The maintenance exercise is aimed at improving the performance and reliability of the digital tax infrastructure, but it will temporarily interrupt access to a number of important
The Federal Board of Revenue (FBR) is moving towards a more structured and responsible approach to tax litigation by proposing the establishment of Independent Case Scrutiny Committees. The initiative, introduced through draft amendments to the Income Tax Rules, 2002 under SRO 1138(I)/2026, follows the provisions of the Finance Act 2026
Pakistan’s efforts to speed up the resolution of tax disputes are under renewed scrutiny after the backlog of cases at the Appellate Tribunal Inland Revenue (ATIR) climbed to nearly 68,000. The increase comes despite the government’s decision to appoint 24 private-sector professionals on market-based salaries reaching as high as Rs2.6
Pakistan’s power sector continues to face serious financial challenges, with circular debt climbing to Rs1.835 trillion by the end of June 2026. The figure is Rs221 billion higher than the ceiling of Rs1.614 trillion agreed under the country’s programmed with the International Monetary Fund (IMF), raising fresh concerns about the
Pakistan is preparing to launch the sale of the Roosevelt Hotel in New York, with the government aiming to take the landmark property to the market by December 2026. The move comes as several US financial institutions have reportedly expressed interest in the high-profile asset, highlighting its strong investment appeal.
Pakistan’s investment climate has once again come under the spotlight as the Overseas Investors Chamber of Commerce and Industry (OICCI) has called on the Federal Board of Revenue (FBR) to expedite the payment of approximately Rs103 billion in pending tax refunds owed to its member companies. According to the chamber,
The Federal Board of Revenue (FBR) has announced a temporary suspension of several of its online tax platforms due to planned system maintenance. The maintenance exercise is aimed at improving…
The Federal Board of Revenue (FBR) is moving towards a more structured and responsible approach to tax litigation by proposing the establishment of Independent Case Scrutiny Committees. The initiative, introduced…
Pakistan’s efforts to speed up the resolution of tax disputes are under renewed scrutiny after the backlog of cases at the Appellate Tribunal Inland Revenue (ATIR) climbed to nearly 68,000.…
Pakistan’s power sector continues to face serious financial challenges, with circular debt climbing to Rs1.835 trillion by the end of June 2026. The figure is Rs221 billion higher than the…
Pakistan is preparing to launch the sale of the Roosevelt Hotel in New York, with the government aiming to take the landmark property to the market by December 2026. The…
Pakistan’s investment climate has once again come under the spotlight as the Overseas Investors Chamber of Commerce and Industry (OICCI) has called on the Federal Board of Revenue (FBR) to…
Pakistan’s automobile industry continued its recovery in FY2025-26, delivering another year of impressive growth as improving economic conditions, affordable financing, and competitive pricing encouraged consumers to return to the market.…
The State Bank of Pakistan (SBP) has unveiled an ambitious plan to significantly increase financial support for small and medium-sized enterprises (SMEs), setting a target of Rs1.5 trillion in SME…
Pakistan’s business landscape is evolving, and the Securities and Exchange Commission of Pakistan (SECP) is encouraging enterprises to become part of the formal corporate sector. By making company registration simpler…
Pakistan and Türkiye have taken another important step toward strengthening their long-standing friendship by placing greater emphasis on economic cooperation. During high-level talks between Prime Minister Shehbaz Sharif and Turkish…
The Excise, Taxation and Narcotics Control Department in Multan Division has closed the fiscal year 2025–26 on a strong note by exceeding its annual revenue target. The department collected more…
A recent audit of Pakistan’s Ministry of Foreign Affairs (MoFA) has brought to light financial irregularities amounting to approximately Rs9.6 billion during the fiscal year 2024–25. The audit raises concerns…
Pakistan’s formal business sector has reached a significant milestone, with company registrations climbing to their highest annual level on record during the 2025-26 fiscal year. The latest figures released by…
The Economic Coordination Committee (ECC) has approved a significant change in the way wheat is supplied to the Pakistan Army, opting for fresh, locally grown grain instead of the current…
Corporate social responsibility (CSR) is becoming an increasingly important part of doing business in Pakistan. Beyond creating jobs and contributing to the economy, foreign investors are expanding their efforts to…
Pakistan is preparing for one of the most significant transformations in its financial history. As part of its commitment to establish a Riba-free financial system, the government has unveiled a…
Starting July 1, 2026, restaurant customers in Punjab will see a change in the amount of sales tax they pay when using digital payment methods. Under the new provincial tax…
A team of aviation security experts from the United Kingdom has arrived in Pakistan to assess security measures at two of the country’s busiest international airports. The visit is part…
The latest audit report by the Auditor General of Pakistan (AGP) has placed the Ministry of Interior and Narcotics Control at the top of the list for audit observations among…
The Federal Investigation Agency (FIA) has opened an investigation into Go Petroleum and several of its senior officials over allegations of illegally selling bonded petroleum products before clearing the required…
Pakistan has officially entered a new fiscal chapter with the approval of the Finance Act 2026. After receiving presidential assent, the law will come into effect on July 1, 2026,…
The latest audit report presented to Parliament has revealed a series of financial shortcomings across several government departments and public sector organizations, raising important questions about revenue collection, accountability, and…
Pakistan and Iran have taken an important step toward expanding economic cooperation by agreeing to improve transportation links between the two neighboring countries. Recognizing that efficient transport networks are essential…
The Government of Pakistan has increased its direct ownership in Pakistan Petroleum Limited (PPL) after a substantial block of shares previously held by an employee trust was transferred to the…
In a move aimed at encouraging healthier beverage choices and supporting the drinks industry, the government has decided to remove the 20% Federal Excise Duty (FED) on selected low-sugar hydration…
The Pakistan Stock Exchange (PSX) kicked off the week with strong momentum as investors welcomed signs of progress in diplomatic discussions between the United States and Iran. The positive sentiment…
In a significant step toward promoting women’s entrepreneurship and financial inclusion, Pakistan has approved its first digital financing product specifically designed for women-owned micro, small, and medium enterprises (MSMEs). The…
The National Assembly has approved charged expenditures totaling Rs40.742 trillion from the Federal Consolidated Fund for the fiscal year ending June 30, 2027. The approval came after a detailed discussion…
Vehicle owners in Islamabad may soon face higher annual token tax payments after a revised taxation framework received approval from the National Assembly Standing Committee on Finance. The new system…
The Securities and Exchange Commission of Pakistan (SECP) has taken an important step toward improving the country’s financial dispute resolution framework by exploring the establishment of Pakistan’s first Financial Services…
As the fiscal year draws to a close, the Federal Board of Revenue (FBR) has announced special operational arrangements aimed at boosting tax and duty collections across the country. In…
Pakistan’s judicial system is taking a significant step toward digital transformation with the introduction of an electronic court fee payment system. The Supreme Court of Pakistan has partnered with the…
The federal government has announced a significant decrease in petroleum prices, providing much-needed relief to citizens, businesses, and key economic sectors across the country. The new fuel rates will come…
The Punjab government has unveiled a series of tax reforms for the agriculture sector in its Finance Bill 2026, proposing substantial increases in agricultural income tax and irrigation charges. The…
Pakistan has taken another step toward digital transformation with the introduction of an artificial intelligence-powered system designed to improve government oversight and administrative efficiency. The newly launched Prime Minister’s Office…
Pakistan’s technology sector has achieved a historic milestone, with information technology (IT) and IT-enabled services exports crossing the $4 billion mark for the first time. According to the latest figures…
As Pakistan’s digital economy continues to expand, the government is taking steps to bring online earnings under a more structured taxation framework. The Senate Standing Committee on Finance has approved…
Pakistan has taken another important step toward digital transformation in the trade sector as the National Tariff Commission (NTC) and Pakistan Single Window (PSW) have signed a strategic agreement to…
Pakistan’s tax authorities are preparing for one of the most ambitious revenue expansion efforts in recent years. The Federal Board of Revenue (FBR) believes that a combination of digital transformation,…
The State Bank of Pakistan (SBP) has decided to keep its key policy rate unchanged at 11.5%, signaling a cautious approach as inflationary pressures continue to challenge the economy. The…
Pakistan’s federal budget for FY2026-27 has been presented as a roadmap for economic growth driven by exports, industrial expansion, and tax reforms. Finance Minister Muhammad Aurangzeb has emphasized that the…
Pakistan’s federal government has outlined an ambitious fiscal strategy for the upcoming financial year, aiming to significantly increase tax revenues while offering targeted incentives to salaried individuals, businesses, and the…
The proposed Fixed Tax Scheme (FTS) for small traders, unveiled by Finance Minister Muhammad Aurangzeb, has sparked discussion within Pakistan’s tax community. While the initiative has been welcomed as a…
Pakistan’s automotive sector could see another major policy shift as the federal government reportedly weighs new taxation measures for electric vehicles (EVs) in the upcoming fiscal year 2026-27. According to…
Pakistan’s economic planning process entered a crucial phase on Wednesday as the National Economic Council (NEC) met under the chairmanship of Prime Minister Muhammad Shehbaz Sharif to discuss the country’s…
Pakistan is preparing to introduce a major policy change that could reduce the cost of defense procurement by eliminating customs duties on military imports. The proposal, recently endorsed by the…
As Pakistan prepares for another challenging fiscal year, the Federal Board of Revenue (FBR) has taken a significant administrative step by assigning additional responsibilities to 27 senior Inland Revenue Service…
As Pakistan prepares to unveil its federal budget for the fiscal year 2026-27, crucial discussions with the International Monetary Fund (IMF) are underway. The government is attempting to strike a…
Artificial intelligence company OpenAI is reportedly preparing a major upgrade to ChatGPT as it seeks to expand beyond its role as a conversational AI platform and build a more comprehensive…
The Securities and Exchange Commission of Pakistan (SECP) has intensified its regulatory oversight of state-owned enterprises (SOEs), imposing fines and issuing warnings against organizations that failed to comply with legal…
In a significant step toward protecting public assets, the National Accountability Bureau (NAB) and the Punjab Board of Revenue have successfully reclaimed thousands of kanals of government-owned land that had…
As Pakistan moves closer to unveiling its federal budget, the government has scheduled an important meeting of the Economic Coordination Committee (ECC) to evaluate a series of funding requests, development…
As Pakistan prepares to unveil its upcoming federal budget, the debate over taxation and economic reforms has once again come into focus. Business leaders are urging policymakers to avoid placing…
The Securities and Exchange Commission of Pakistan (SECP) has unveiled a set of regulatory changes aimed at making it easier for established businesses to enter the capital market and raise…
The federal government has appointed two officers from the Pakistan Administrative Service (PAS) to the Oil and Gas Regulatory Authority (OGRA) on deputation, reinforcing the regulator’s administrative capacity in overseeing…
Pakistan’s refining sector witnessed a significant increase in production during May 2026, yet fuel sales failed to keep pace, highlighting growing demand-side challenges for the industry. According to industry data,…
Punjab is preparing to unveil what could become one of the largest budgets in its history, with total spending for the 2026-27 fiscal year expected to approach Rs6 trillion. The…
Pakistan’s energy regulators have authorized the export of a significant volume of furnace oil, providing relief to domestic refineries grappling with growing stockpiles and changing energy consumption patterns. The Oil…
Pakistan’s economy is expected to continue its recovery journey in the upcoming fiscal year, with the government projecting economic growth of 3.7% in FY2025-26. However, despite the positive outlook, authorities…
Pakistan’s pharmaceutical industry has reached an important milestone as ATCO Laboratories Group becomes the first company in the country to secure PIC/S certification for a sterile manufacturing facility producing injectable…
