Business
Import Payment Delays in Pakistan as Dollar Shortage Worsens
Commercial banks across Pakistan are delaying import-related payments by two to three weeks due to a tightening dollar supply in the market. This scarcity is…
Pakistan Gains IMF Nod to Cut Tax Burden on Salaried Class
Pakistan has received preliminary approval from the International Monetary Fund (IMF) to reduce income tax rates for salaried individuals in the upcoming 2025-26 federal budget.…
FBR to Double Tax on Non-Filers’ Cash Withdrawals from July 2025
ISLAMABAD: The Federal Board of Revenue (FBR) has recommended a significant increase in withholding tax on cash withdrawals by non-filers, from the current 0.6% to…
PKR Was Kept Undervalued Adding Nearly 7% Inflation; Report Estimates
The fair value of the Pakistani Rupee (PKR) is estimated at 249.2 per US dollar, instead of 282.2 per US dollar, according to a report…
SECP Proposes Algorithm Trading Framework to Regulate Capital Markets
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed a new algorithm trading framework to regulate algorithmic trading in the country’s capital markets,…
Pakistan Set to Finalise FWBL Privatisation Deal with UAE
ISLAMABAD: Pakistan is poised to conclude the FWBL privatisation process next month, transferring an 82.64% stake in First Women Bank Limited to the United Arab…
PBC Budget Proposals Urge GST Cuts and Relief for Salaried Class
KARACHI: Business leaders, including the Pakistan Business Council (PBC), have unveiled key recommendations ahead of the federal budget, urging the government to incorporate PBC budget…
Pakistan to Negotiate Relief from US Tariffs During High-Level Visit
WASHINGTON: US President Donald Trump has confirmed that representatives from Islamabad are set to visit Washington next week as the government of Prime Minister Shehbaz…
Pakistan Foreign Exchange Reserves Jump by $70 Million Ahead of FY26 Budget
Pakistan foreign exchange reserves witnessed a significant rise of $70 million, as per the latest data released by the State Bank of Pakistan (SBP) on…
No Tax On Solar Panel Import, FBR Announced
The Federal Board of Revenue (FBR) Chairman, Rashid Mahmood Langrial, has stated that there are no plans to impose taxes on solar panels import in…
Pakistani Company Named Among World’s Top 100 Most Loved Workplaces
In a remarkable milestone for Pakistan’s tech industry, Islamabad-based IT company DPL has been recognized on Newsweek’s prestigious list of the Global Top 100 Most…
India Triggers Brief Delay in Pakistan’s $800M ADB Financing Plan
The Asian Development Bank (ADB) has postponed the approval of an $800 million financing package for Pakistan following a formal request from India. Originally slated…