ISLAMABAD — The federal government has officially issued the official gazette notification activating the Finance Act 2026-27, bringing sweeping customs duty and regulatory rollbacks into immediate effect today. In line with the National Tariff Policy 2025-30, the FBR has issued SRO 1064(I)2026, aggressively capping the maximum regulatory duty (RD) rate—which previously stood at 50%—down to […]
ISLAMABAD — Ending the fiscal year on a massive high, the Federal Board of Revenue (FBR) officially announced that it has crossed its downwardly revised tax collection target for FY25-26 by over Rs21 billion. Driven by a massive, stronger-than-expected wave of corporate and direct income tax receipts flowing in during the final weeks of June,
ISLAMABAD — Moving to rapidly revitalize the country’s primary economic backbone, Prime Minister Shehbaz Sharif has directed a comprehensive, structural transformation of the entire agricultural ecosystem. The high-stakes strategy session brought together Federal Ministers Ahsan Iqbal, Muhammad Aurangzeb, and Shaza Fatima Khawaja alongside key financial and agricultural advisors. The finalized layout mandates a sweeping upgrade
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 — Following intense, high-level diplomatic mediation at the Burgenstock resort in Switzerland, Pakistan and Qatar have successfully brokered a monumental joint-diplomatic breakthrough. Under the newly established framework, the US and Iran have agreed to an immediate 60-day operational waiver to restore absolute stability to the regional trade lines. The core agreement guarantees
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
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