ISLAMABAD — Prime Minister Shehbaz Sharif has formally greenlit the next phase of aggressive automation for the Federal Board of Revenue (FBR), mandating an immediate shift toward a fully Faceless Tax Administration system. Meeting with an official FBR delegation in Islamabad following the conclusion of the fiscal cycle, the Premier lauded the tax machinery for […]
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 — 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
ISLAMABAD / VERSAILLES — In a historic victory for Pakistani diplomacy, the United States and Iran have officially signed a comprehensive initial treaty to permanently end their months-long war, ease crippling economic sanctions on Tehran, and reopen the strategic Strait of Hormuz. Prime Minister Shehbaz Sharif formally endorsed the agreement, detailing that the breakthrough was
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 — In a monumental victory for Pakistani diplomacy, Prime Minister Shehbaz Sharif officially announced on Monday that a comprehensive “Peace Deal” between the United States and the Islamic Republic of Iran has been successfully reached. Serving as the core mediator, Pakistan helped broker the agreement which mandates an immediate and permanent termination of military
ISLAMABAD — The federal government has officially postponed the presentation of the FY2026-27 federal budget from June 10 to Friday, June 12, 2026. Parliamentary Affairs Minister Tariq Fazal Chaudhry confirmed that summaries to convene the formal assembly have been sent to the Presidency. The delay exposes a grueling backdoor political deadlock as the federal government,
ISLAMABAD — Amid local media reports highlighting deep structural differences between political allies over taxation policies, President Asif Ali Zardari and Prime Minister Shehbaz Sharif held a pivotal consultative session at the PM House last night. President Zardari strongly stressed the need to harmonize macroeconomic growth targets with public welfare schemes and provincial development funds
ISLAMABAD — The Federal Board of Revenue (FBR) is set to undergo its most aggressive transformation yet, with the upcoming Finance Bill 2026 mapping out nearly Rs1 trillion in new policy and enforcement measures. According to senior ministry sources, the FBR will legally transition into a completely “Faceless Entity” starting October 1, 2026, to eliminate
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