ISLAMABAD — Pushing for immediate cash-flow relief exactly one week after the formal passage of the federal budget, a high-level corporate delegation has presented a crucial roadmap to Minister of State for Finance Bilal Azhar Kayani. The apex trade representatives have strongly urged the state to clear outstanding refund backlogs amounting to a staggering PKR […]
ISLAMABAD — In a major move to protect the public from global energy volatility, the Ministry of Finance has officially notified the establishment of the Petroleum Prices Stabilization Fund. Following a formal directive from the federal cabinet, all proceeds channeled into this strategic safety net will be parked under the “Special Deposit Fund” within the
The financial sector in Pakistan is standing at a massive crossroads, where artificial intelligence is no longer just a futuristic concept but a core driver of modern banking. Highlighting this shift, a powerful panel of Pakistan’s top financial visionaries recently took center stage at the highly anticipated IBM Technology Summit 2026. The exclusive session, titled
ISLAMABAD — The Federal Board of Revenue (FBR) is set to undergo an aggressive structural overhaul as the finalized budget framework legally mandates the transition into Faceless Tax Assessments. Moving entirely away from traditional, subjective physical interactions, FBR will now deploy central automated algorithms to execute corporate evaluations, directly capping arbitrary discrepancies. Alongside this digital
ISLAMABAD — In a major move to rapidly accelerate the country’s green energy transition, the National Assembly Standing Committee on Finance has formally finalized explicit custom updates for the Finance Bill 2026. Led by Chairman Syed Naveed Qamar, the parliamentary panel has officially signed off on a 0% Federal Excise Duty (FED) structure for all
ISLAMABAD / BURGENSTOCK — Pakistan and Qatar have achieved a major diplomatic win. They brokered a 60-day peace waiver between the US and Iran. As a result, the Strait of Hormuz is now open for global shipping. Markets reacted positively within hours. Background: Why Hormuz Matters The Strait of Hormuz is the world’s most important
ISLAMABAD — In a major development expected to dramatically shake up the domestic auto market, the Ministry of Commerce has briefed the parliamentary finance panel on a comprehensive plan to rationalize import duties across multiple vehicle engine capacities. Under the newly tabled framework, total cumulative duties and taxes on standard 1800cc cars will plummet from
ISLAMABAD / KARACHI — Providing massive long-term certainty to the country’s booming digital ecosystem, the final draft tracking of the FY2026-27 budget confirms that the concessional 0.25% final tax rate on IT export earnings is officially secured until June 2029. The decision comes right as data reveals Pakistan’s IT and telecom exports surged by 20%
ISLAMABAD — In a major move to assist entry-level and mid-range smartphone users, the National Assembly Standing Committee on Finance, chaired by MNA Syed Naveed Qamar, has directed the Federal Board of Revenue (FBR) and the Pakistan Telecommunication Authority (PTA) to jointly design an installment-based tax payment plan. Lawmakers voiced strong concerns over the booming
ISLAMABAD — As National Assembly budget deliberations continue, Finance Minister Muhammad Aurangzeb has outlined a 17.6% increase in the country’s national defense spending, elevating the final allocation to PKR 3,000 billion for the fiscal year 2026-27. Presenting the broader PKR 18,771 billion federal layout, the government emphasized that this significant fiscal step is explicitly driven
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