Religious leaders allege SBP granted immunity to banks from 2027 constitutional deadline to end riba
Over 60 religio-political leaders, including Mufti Taqi Usmani, Mufti Muneeb and Maulana Fazl-ur-Rehman, call for full implementation to fulfil the constitutional commitment to make the financial system interest-free by the end of 2027, emphasising that granting immunity to banks goes against the Constitution
PSX remains range-bound as cautious sentiment persists; PIA stake bids in focus
KSE-100 Index dips slightly by 0.08%, with investor attention on PIA’s 75% stake auction
ECC approves largest-ever spectrum auction, paves way for 5G rollout in Pakistan
ECC’s decision follows consultations with stakeholders; PTA to initiate telecom operator negotiations post-cabinet approval
Sindh raises concerns over NFC terms, urges constitutional alignment in financial allocations
CM Murad Ali Shah objects to inclusion of certain financial terms in National Finance Commission's terms of reference, stressing constitutional limits and provincial rights
Pakistan strikes $4 billion deal to sell weapons to Libyan force, officials say
Deal, one of Pakistan's largest-ever weapons sales, spread over 2-1/2 years, includes JF-17 jets; UN arms embargo complicates Libya's military procurement
Withholding tax from salaried individuals increases by 54.7% to Rs214.2 billion in H1 FY25
Withholding tax from contracts up 39%, imports rise 10.9%, and telephone services increase 24.1%, reflecting better enforcement and compliance
Millat Tractors secures Africa export territory under new agreement
Company to export tractors under own brand alongside MF-branded exports via AGCO
IMF expects Pakistan’s federal tax revenue to stagnate for next five years
FBR collections rose to 10.3% of GDP in FY25 but missed target, while provinces expected to lift tax share from 0.9% to 1.6% by FY28
Fauji Foundation opts out of PIA bidding so that it may join winning consortium later
If two participating consortia join hands after the bidding is done, that is considered a collusive practice. But since Fauji has now withdrawn from the bidding process, they may or may not choose to join the winning bidder later", says privatisation advisor
Nepra proposes shift from net to gross metering for new rooftop solar consumers
Draft regulations set Rs11.30 per unit buyback for new systems, existing users retain Rs22 rate for contract period
Pakistan’s kinno exports fall short of potential as costs and border curbs bite
Industry warns of billions in losses and mass unemployment despite strong 2025–26 citrus crop
Islamabad court awards Rs5.4 billion to families of Airblue crash victims
Airline held liable in 2010 Margalla Hills tragedy as court rejects appeal, fines Airblue for delaying case
World Bank approves $700 million for Pakistan’s fiscal reforms and service delivery enhancement
Public Resources for Inclusive Development program will support both federal and provincial reforms, with a focus on mobilizing domestic revenue and improving spending efficiency
Centre paid Rs6.57 trillion to KP, including NFC share, War on Terror compensation, finance ministry says
Rs5.87 trillion paid under NFC Award, Rs482.78 billion for oil and gas royalties, Rs704 billion for merged regions, and Rs117.17 billion for IDPs
Commerce ministry considers one-time movement of commercial cargo under transit trade with Afghanistan
600 vehicles remain stranded at various locations; Stakeholders warn of millions in daily losses from detained containers and stranded vehicles, with Rs1.8bn in port charges and Rs3bn in security deposits locked.
