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 — 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 / 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%
PESHAWAR / TASHKENT — In a major boost to regional trade diversification, the first commercial cargo fleet under the Trans-Regional Transit Trade agreement has successfully moved from Tashkent, Uzbekistan, arriving in Peshawar via the land route through Afghanistan. Utilizing the international TIR convention for seamless border customs clearance, the new corridor slashes regional freight transport
KARACHI — Marking a historic milestone for localized manufacturing, Finance Minister Muhammad Aurangzeb virtually chaired the high-profile “Gong Ceremony” at the Pakistan Stock Exchange (PSX) to mark the formal listing of Service Long March (SLM) Tyres Limited. SLM, the country’s premier domestic radial tyre exporter, successfully completed its Initial Public Offering (IPO) amid soaring investor
ISLAMABAD — Betting heavily on agriculture to spearhead national economic recovery in the upcoming FY27 framework, Prime Minister Shehbaz Sharif has held deep consultations with farm leaders and value-added industrial corporations. The PM ordered the immediate reconstitution and notification of the National Cotton Board and directed a massive structural modernization of the Pakistan Agricultural Research
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 »
KARACHI — The Overseas Investors Chamber of Commerce and Industry (OICCI) has released the results of its Business Confidence Index (BCI) Survey Wave 29 for Q2 2026, revealing a sharp 9-percentage-point decline in overall sentiment — down to a positive 13%, compared to 22% in the previous wave. What’s Driving the DeclinE Multinational executives cited
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