Business
FBR Sets Roadmap to Raise Tax-to-GDP Ratio to 18% by FY28
Pakistan’s government has outlined a major revenue reform plan as the FBR aims to raise the tax-wto-GDP ratio from 10.33% to 18% by FY28, with a strong focus on expanding the tax base, curbing evasion, and improving documentation. The background…
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Floods Fuel Inflation as SBP Expected to Hold Rate
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Pakistan is expected to hold its policy rate as floods push food prices higher and complicate monetary decisions. A Reuters poll of 14 analysts showed…
FBR Introduces Whistleblowing System to Track Tax Evasion, Reward Tips
2 min read
The Federal Board of Revenue (FBR) is launching a whistleblowing system to find tax evasion and to reward successful reporters. The system will allow citizens…
Moody’s Lifts Pakistan Rating to Caa1 and Stable Outlook
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Moody’s has raised Pakistan one notch to Caa1 and assigned a stable outlook. The move reflects a clearer external position and measurable progress under the…
SECP Draft Actuarial Valuation Rules 2025 Released
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The Securities and Exchange Commission of Pakistan (SECP) has released the draft Actuarial Valuation Rules, 2025 for public feedback, marking a key step to strengthen…
Pakistan Launches Trial of National Digital Currency
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The State Bank of Pakistan (SBP) has officially started the trial phase of its central bank digital currency (CBDC), marking a significant step toward modernizing…
FBR Resolves Major Income Tax Portal Bug for Salaried Class
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The Federal Board of Revenue (FBR) has resolved a significant technical issue in its income tax return filing system affecting the salaried class. The bug,…
SBP Foreign Exchange Reserves Rise to $14.34 Billion
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The State Bank of Pakistan (SBP) reported a modest rise in its foreign exchange reserves, which increased by $34 million to reach $14.34 billion as…
Treet Battery Enters Lithium-Ion Market with Chinese Partner
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Treet Battery Limited (TBL) has officially stepped into the lithium-ion battery market through a strategic partnership with Highstar Digital Energy Technology (Guangdong) Co. Ltd, a…
SBP Warns Floods Could Challenge Pakistan’s Economic Recovery
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The State Bank of Pakistan (SBP) has highlighted that while subdued inflation, a relatively stable exchange rate, prudent fiscal policies, and an improved credit rating…
Pakistan’s Exports Stood at $5.11 Billion as Textiles Grew 10% in Early FY26
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Pakistan’s exports held steady at $5.11 billion during the first two months of fiscal year 2025-26, according to a high-level review meeting chaired by the…
Senators Flag SBP Clause Allowing Officials to Set Own Salaries
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Senators have raised concerns over a State Bank of Pakistan (SBP) clause that enables its top officials to set their own salaries and benefits without…
OGDCL Approves $715M Funding for Reko Diq Project
2 min read
In the decision for Pakistan’s mining and energy future, shareholders of Oil & Gas Development Company Limited (OGDCL) have approved $715 million in funding for…
Trump Wants EU to Hit India and China with 100% Tariffs
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US President Donald Trump has called on the European Union to impose tariffs of up to 100% on India and China in an effort to…
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