ISLAMABAD — As final structural frameworks for the Federal Budget are locked in, the government has set an ambitious tax collection target for the Federal Board of Revenue (FBR) at Rs14,131 billion, representing a steep 9% scaling from last year’s target. To bridge fiscal gaps and curb tax leakage without over-burdening regular documented segments, Finance […]
ISLAMABAD / DUSHANBE — Moving closer to stabilizing regional power connectivity, Pakistan and Tajikistan have officially agreed to call a high-level Joint Working Group session in Istanbul later this month to iron out remaining commercial terms for the Central Asia-South Asia (CASA-1000) electricity transmission project. The breakthrough consensus was reached at the conclusion of the
KARACHI — Despite the State Bank of Pakistan (SBP) inching closer to its fiscal year foreign exchange reserve target of $18 billion, a surging trade deficit is threatening to erase recent remittance gains. Fresh financial data reveals that Pakistan’s trade deficit for the first 11 months of FY2025-26 has climbed by 17.48% to reach an
LAHORE — Expanding its footprint in Pakistan’s high-end property sector, British-Pakistani property giant One Homes has officially announced a massive $35 million foreign direct investment (FDI) for a premium residential development on Raiwind Road, Lahore. Following the commercial success of its flagship One Canal Road venture, the group has acquired a prime parcel of land
ISLAMABAD / KARACHI — The Tax Policy Unit of the Ministry of Finance and the FBR have completed an extensive review confirming that multiple sales and income tax exemptions will officially expire on June 30, 2026. Starting July 1, corporate operations, associations, and domiciled individuals within the erstwhile tribal areas (FATA/PATA) of KP and Balochistan
ISLAMABAD — The Federal Board of Revenue (FBR) has finalized a comprehensive “Small Taxpayers Guidance System” set to be formally rolled out in the upcoming federal budget. Tailored explicitly for small traders and shopkeepers with an annual turnover of up to Rs20 million, the voluntary scheme introduces simplified registration criteria through the IRIS web portal
Small Traders Tax Scheme: FBR to Launch Simplified Portal for Shopkeepers in FY27 Budget Read More »
ISLAMABAD — In a monumental move to address long-term water storage and clean energy deficits, the federal government has finalized plans to allocate a massive Rs1.424 trillion project for the power generation phase of the Diamer-Bhasha Dam in the upcoming Public Sector Development Programme (PSDP) for FY2026-27. Planning Ministry officials noted that adding this foundational
ISLAMABAD — To aggressively counter the proliferation of counterfeit medicine and secure national health supply chains, the Federal Cabinet has officially approved the implementation of an advanced track-and-trace system for pharmaceutical products. Developed in sync with the National Information Technology Board (NITB) and the Drug Regulatory Authority of Pakistan (DRAP), the system mandates unique serialized
ISLAMABAD — In a major step toward shaping the country’s upcoming fiscal outline, Prime Minister Shehbaz Sharif held high-level consultative sessions with Pakistan’s leading industrial barons—including Mian Muhammad Mansha and Arif Habib—to finalize measures for the Federal Budget FY2026-27, now officially scheduled for presentation on June 10. While the business community strongly pressed for tax
KARACHI — The Overseas Investors Chamber of Commerce and Industry (OICCI) has officially released the high-stakes results of its Business Confidence Index (BCI) Survey Wave 29 for Q2 2026. The comprehensive national audit reveals a sudden 9 percentage point drop, dragging overall business sentiment down to a positive 13% compared to 22% in the previous
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