August 28, 2026

Zeeshan Khan

Vehicles lined up, import tax exemption news

Income Tax Exemptions Expiring: Government Set to Tax FATA, PATA, and EV Kits from July 1

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 […]

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Digital tax portal on tablet screen

Small Traders Tax Scheme: FBR to Launch Simplified Portal for Shopkeepers in FY27 Budget

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

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Aerial view of dam construction site

Diamer-Bhasha Power Funding: Government to Inject Rs1.424 Trillion Megaproject into Upcoming PSDP

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

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Pharmaceutical packaging with tracking labels

Pharmaceutical Track-and-Trace Deployment: Federal Cabinet Formally Approves Mandatory Digital Monitoring for Drugs

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

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Officials in assembly meeting, budget consultation

Federal Budget FY27 Consultations: PM Shehbaz Meets Corporate Tycoons as NEC Postpones Crucial Assembly

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

Federal Budget FY27 Consultations: PM Shehbaz Meets Corporate Tycoons as NEC Postpones Crucial Assembly Read More »

Business leaders in conference discussion

OICCI Business Confidence Decline: Middle East Conflict Triggers 9-Point Index Drop in Wave 29

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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Industrial oil refinery at dusk

Furnace Oil Export Approvals: OGRA Permits Parco to Offload 100,000 MT Amid Domestic Grid Shifts

ISLAMABAD / KARACHI — In a major operational directive to sustain refinery operations, the Oil and Gas Regulatory Authority (OGRA) has formally cleared the Pak-Arab Refinery Limited (PARCO) to export 100,000 metric tonnes of furnace oil in June 2026. Approved by the National Committee on Monitoring of Commodities (NCMC), the massive fuel offloading strategy is

Furnace Oil Export Approvals: OGRA Permits Parco to Offload 100,000 MT Amid Domestic Grid Shifts Read More »

Government officials at economic briefing

Budget 2026-27 Macroeconomic Plan: Government Targets 4% GDP Growth and 2 Million New Jobs

ISLAMABAD — The Annual Plan Coordination Committee (APCC) has finalized its working papers for the upcoming Budget 2026–27 fiscal year, aggressively targeting an economic growth rate of 4.0% and setting an inflation target of 8.2%. Although the country narrowly missed its previous target by closing out the current fiscal year at 3.7% GDP growth, the

Budget 2026-27 Macroeconomic Plan: Government Targets 4% GDP Growth and 2 Million New Jobs Read More »

Fuel pump station representing petrol price cut

Petroleum Price Cuts: Government Slashes Petrol and Diesel Rates by Rs22 Ahead of June Fiscal Close

ISLAMABAD / KARACHI — In a major financial relief package aimed at cushioning the public from surging inflation, the federal government has officially slashed the prices of petrol and high-speed diesel (HSD) by Rs22 per liter. Deemed a major relief milestone by consumer associations, the price drop is expected to ease domestic transportation and supply

Petroleum Price Cuts: Government Slashes Petrol and Diesel Rates by Rs22 Ahead of June Fiscal Close Read More »

Official speaking at energy briefing

Electricity Tariff Subsidies Doubled: Ministry of Energy Refutes Claims of Tariff Hikes for Protected Class

ISLAMABAD — Stepping forward to push back against widespread social media claims, the Ministry of Energy (Power Division) has released an exhaustive media brief outlining the national power sector’s performance. Energy Minister Awais Khan Leghari confirmed that the state-funded power subsidies for protected consumers have more than doubled since 2022, reaching a massive Rs423 billion

Electricity Tariff Subsidies Doubled: Ministry of Energy Refutes Claims of Tariff Hikes for Protected Class Read More »