Pakistan is exploring a major step toward reforming its tax and customs system by seeking a $200 million loan from the Asian Development Bank (ADB). The initiative signals a shift in strategy—from relying heavily on new taxes to improving how existing revenues are collected and managed. The proposed programmed,
As Pakistan moves closer to finalizing its budget for the fiscal year 2026–27, negotiations with the International Monetary Fund (IMF) are once again at the center of economic policymaking. The latest discussions reveal a familiar tension: the IMF is pressing for stronger revenue measures, while Pakistani authorities are trying to
Pakistan’s tax administration is once again under the spotlight as the Federal Board of Revenue (FBR) raises serious concerns over how a complaint involving a foreign petroleum firm was handled by the Corporate Tax Office Islamabad. The development highlights deeper issues around procedural discipline, accountability, and the importance of maintaining
In a positive diplomatic development, Iran has agreed to expand access for Pakistani vessels passing through the Strait of Hormuz—one of the world’s most strategically significant waterways. Under the new arrangement, 20 additional Pakistani ships will be allowed transit, with two vessels scheduled to pass through the route each day.
Pakistan has once again entered into an agreement with the International Monetary Fund (IMF), securing a financial package worth $1.2 billion. While this development offers short-term economic relief, it also underscores the country’s ongoing struggle to stabilize its finances and strengthen its revenue system. A central condition of this agreement
In a major step toward modernizing public welfare, the government of Pakistan is preparing to roll out a digital fuel subsidy system aimed at helping low-income citizens while improving transparency in fuel distribution. The initiative reflects a broader shift toward technology-driven governance, especially at a time when the country is
Pakistan is exploring a major step toward reforming its tax and customs system by seeking a $200 million loan from the Asian Development Bank (ADB). The initiative signals a…
As Pakistan moves closer to finalizing its budget for the fiscal year 2026–27, negotiations with the International Monetary Fund (IMF) are once again at the center of economic policymaking. The…
Pakistan’s tax administration is once again under the spotlight as the Federal Board of Revenue (FBR) raises serious concerns over how a complaint involving a foreign petroleum firm was handled…
In a positive diplomatic development, Iran has agreed to expand access for Pakistani vessels passing through the Strait of Hormuz—one of the world’s most strategically significant waterways. Under the new…
Pakistan has once again entered into an agreement with the International Monetary Fund (IMF), securing a financial package worth $1.2 billion. While this development offers short-term economic relief, it also…
In a major step toward modernizing public welfare, the government of Pakistan is preparing to roll out a digital fuel subsidy system aimed at helping low-income citizens while improving transparency…
Punjab’s agriculture sector is heading toward a promising season, with wheat production expected to cross 22.5 million metric tons. Encouraging field reports suggest that crops are developing well, setting the…
Pakistan has moved a step closer to securing fresh financial support, as the International Monetary Fund (IMF) reached a staff-level agreement to release around $1.2 billion in funding. While this…
Pakistan’s business community—especially in Karachi—has long struggled with tax-related delays and procedural inefficiencies. In a recent development, the head of the Federal Board of Revenue (FBR), Rashid Mahmood Langrial, has…
Pakistan’s agricultural sector is once again at a crossroads. As the federal government prepares for a large-scale wheat procurement drive, concerns are mounting over timing, implementation, and the broader challenges…
Punjab has taken a major step in advancing its development agenda, securing bids worth Rs60 billion for 94 infrastructure projects under the Punjab Development Programmed (PDP). The scale of this…
Pakistan’s export landscape has taken a noticeable turn in the first eight months of FY26, with non-textile exports shrinking significantly. The latest figures reveal a 16.6% drop, bringing total earnings…
A recent ruling by the Islamabad High Court has brought much-needed clarity to how gains from the sale of immovable property should be taxed in Pakistan. The decision settles an…
As global tensions rise, particularly in the Middle East, economic shockwaves are being felt far beyond the region. One country closely watching these developments is Pakistan, currently engaged in critical…
As Pakistan moves closer to announcing its federal budget for 2026–27, new recommendations from the Pakistan Stock Brokers Association have brought renewed focus to the role of taxation in shaping…
Pakistan has taken another step to manage rising food prices by continuing tax concessions on sugar imports. The Federal Board of Revenue (FBR) has officially prolonged the deadline for reduced…
Pakistan’s energy sector has reached an important milestone as Oil and Gas Development Company Limited (OGDCL) begins production from the Pasakhi-13 well in Hyderabad. While the production figures may seem…
Amid rising uncertainty in the Gulf region, Pakistan has moved swiftly to protect its trade operations by updating cargo handling procedures and expanding storage capacity at one of its key…
The modern workplace is no longer confined to office walls or fixed hours. With smartphones, instant messaging, and email keeping employees connected around the clock, a new challenge has emerged—digital…
Pakistan’s corporate regulator, the Securities and Exchange Commission of Pakistan (SECP), has taken a firm stance against non-compliance in the state-owned enterprise (SOE) sector. In a recent development, dozens of…
Pakistan has taken a notable step toward regulating the digital asset space. The Pakistan Virtual Assets Regulatory Authority (PVARA) has officially released its sandbox guidelines and invited applications for the…
A new legal dispute has emerged between Pakistan’s accountability watchdog and the judiciary after the National Accountability Bureau (NAB) challenged a ruling of the Lahore High Court (LHC) regarding the…
Global conflicts often send shockwaves through economies far beyond the battlefield, and Pakistan may once again find itself among the most vulnerable. With oil prices climbing toward the $100 mark…
The Securities and Exchange Commission of Pakistan (SECP) has taken a significant step toward improving financial security for retirees in Pakistan by approving a range of new annuity products. These…
The Punjab Revenue Authority (PRA) is preparing to introduce a province-wide awareness campaign aimed at reducing tax evasion and encouraging citizens to play a more active role in ensuring tax…
Punjab is taking a serious step toward financial modernization. In a busy Tuesday session, the Punjab Assembly’s Standing Committee on Finance cleared the path for two major legislative updates designed…
In a move reflecting both prudence and adaptability, Pakistan’s judiciary has announced a series of austerity measures aimed at conserving energy and reducing operational costs amid rising fuel prices caused…
In a proactive move to safeguard the nation’s energy security, the Pakistani government recently conducted a thorough review of the country’s petroleum stock levels. The meeting, led by Finance Minister…
The All Pakistan Textile Mills Association (APTMA) has called on the Federal Board of Revenue (FBR) to provide clear guidelines regarding the Super Tax imposed under Section 4C, particularly for…
Power Plant / Category Previous Tariff (Rs/unit) New Tariff / Terms Key Changes Estimated Savings (Rs billion) 3 Upfront-Priced Wind Plants 42 Fixed ROE in PKR, reduced O&M, lower insurance,…
The corporate landscape in Pakistan continues to expand, with the Securities and Exchange Commission of Pakistan (SECP) recording 3,444 new company registrations in February, bringing the total number of registered…
The Federal Board of Revenue (FBR) has introduced a Standard Operating Procedure (SOP) outlining how tax officials should exercise the powers granted under Section 37A of the Sales Tax Act,…
The Punjab Revenue Authority (PRA) has posted a remarkable increase in its tax revenues for February, signaling improved performance in the province’s tax collection system. According to official data, the…
Pakistan’s financial regulatory framework may soon see a notable shift in oversight as lawmakers move closer to becoming part of the policy board of the Securities and Exchange Commission of…
The Pakistan Textile Council (PTC) has formally approached Prime Minister Shehbaz Sharif with a request that could significantly reshape industrial energy pricing. The Council wants the government to take up…
The Federal Board of Revenue (FBR) has issued a firm directive to its field formations, instructing them to ensure that all Inland Revenue and Customs officers file any outstanding declarations…
Pakistan has entered another significant phase in its economic reform journey as it starts fresh review discussions with the International Monetary Fund. The outcome of these talks could lead to…
Pakistan’s fiscal pressures are mounting as the Federal Board of Revenue (FBR) reports a widening revenue gap during the first eight months of fiscal year 2025–26. Despite intensified enforcement efforts…
Global oil markets are once again on edge. The alliance known as OPEC+ has agreed in principle to raise crude production slightly, even as conflict involving Iran disrupts shipments across…
Pakistan has taken a decisive step toward regulating the digital asset space. The Senate has approved the Virtual Assets Bill, 2025, paving the way for a structured legal framework to…
In a significant ruling for tax enforcement in Pakistan, the Federal Constitutional Court (FCC) has clarified that tax authorities may carry out searches and raids even when no formal proceedings…
Pakistan’s investment landscape is showing renewed vibrancy. According to the Securities and Exchange Commission of Pakistan (SECP), 79 foreign companies have started operations in the country over the past three…
In a significant step toward strengthening tax administration oversight, the federal government has committed to the International Monetary Fund (IMF) that it will fully operationalize and reinforce internal accountability mechanisms…
Pakistan’s telecom regulator, the Pakistan Telecommunication Authority (PTA), has introduced the Mobile Tariff Regulations 2025 in response to growing public concerns about increasing mobile package prices, declining service quality, and…
Pakistan’s economy has long walked a tightrope between stabilization and slowdown. In recent commentary across national media, analysts have once again raised concerns about a familiar pattern: growth fueled not…
In a significant step toward tightening tax compliance, the Federal Board of Revenue (FBR) has directed a broad range of service providers and businesses to connect their electronic invoicing systems…
On 18 February 2026, the Federal Board of Revenue (FBR), under the Government of Pakistan, issued a draft notification proposing major amendments to the Income Tax Rules, 2002. These changes…
Pakistan is set to host an important delegation from the International Monetary Fund (IMF) beginning February 26, as part of a scheduled review of the country’s ongoing financial support programmed.…
The Federal Board of Revenue (FBR) has taken another step toward tightening sales tax compliance by introducing a new field titled “Buyer Verification Status” in Annexure C of the monthly…
Pakistan’s public finances are under mounting pressure, and the latest FY2025 Aggregate Report on State-Owned Enterprises (SOEs) delivers a sobering message: for every Rs6 collected in taxes, Rs1 is being…
In an effort to strengthen foreign investment and reinforce economic partnerships, Pakistan has assured Japanese automobile manufacturers that their concerns regarding taxation and export procedures will be addressed. The commitment…
The Punjab Revenue Authority (PRA) has intensified its efforts to bring persistent tax defaulters into the compliance net, signaling a stronger and more structured approach to tax enforcement across the…
Pakistan’s move toward cleaner transportation is beginning to reflect in its revenue figures. The Federal Board of Revenue (FBR) has collected Rs10.22 billion under the New Energy Vehicle (NEV) Adoption…
The Federal Board of Revenue (FBR) has taken another important step toward strengthening Pakistan’s tax compliance framework by introducing a Buyer Verification Status field in Annexure C of the monthly…
In a move aimed at further easing export-related processes, the Federal Board of Revenue (FBR) has proposed additional amendments to the Export Facilitation Scheme (EFS) under the Customs Rules, 2001.…
Sazgar Engineering Works Limited has disclosed that the Federal Board of Revenue (FBR) has raised a tax demand amounting to Rs188.9 million for the Tax Year 2023, according to the…
In Pakistan, tax enforcement has long been criticized for being selective. This week, however, the Federal Board of Revenue (FBR) sent out a message—literally—that it wants to change that perception.…
Pakistan’s long-running struggle with tax evasion took a dramatic turn this week when the chairman of the Federal Board of Revenue (FBR), Rashid Mahmood Langrial, openly suggested that powerful individuals…
The federal government has announced an ambitious plan to overhaul Pakistan’s tax structure, setting December 2026 as the deadline to implement major reforms aimed at simplifying taxation and reducing the…
If you’ve been keeping an eye out for a chance to buy a vehicle at a potentially lower price, this might be worth your attention. The Collectorate of Customs (Enforcement),…
