Petrol up by Rs2.43, diesel by Rs3.02 per litre for next fortnight
Petrol now costs Rs265.45 and high-speed diesel Rs278.44 after latest revision; Finance Division cites global oil trends and exchange rate impact
FIA withdraws Rs16 billion corruption case against former FBR chairman Shabbar Zaidi
Agency classifies case as ‘C-Class’ and files discharge report a day after booking Zaidi over alleged unauthorised tax refunds to corporate clients
FBR’s withholding tax collection from salaried class rises 55% to Rs605.6bn in FY25
Overall WHT receipts up 23.5%, salaries now second-largest contributor to direct taxes
Govt to complete PIA privatisation by year-end after IMF clears Rs45bn liability settlement
Four business groups shortlisted; IMF allows government to bear tax dues and waive GST on aircraft purchase
PM orders international forensic audit of PRAL system after discovery of 2018-19 sales tax fraud
Authorities were instructed to identify all companies, institutions, and individuals involved in the sales tax fraud and to submit a detailed investigation report within three weeks
Govt to convene long-delayed NFC meeting on Nov 18 to revive revenue-sharing talks
Finance Minister Aurangzeb to chair session; agenda includes working-level review and roadmap for new NFC Award
Top 10% in Pakistan hold 42% of national income, says Oxfam report
Study warns of deepening inequality across Asia driven by elite wealth, climate crisis, and tax imbalance
Govt likely to ban import of 3-year-old used cars by expats to curb misuse, hawala transactions
Import of used cars to be limited under baggage, residence, and gift schemes; vehicles must be registered six months before return; only genuine overseas Pakistanis to qualify under revised scheme
FBR bars sugar mills from clearing stock without video-monitored production
Mills must install surveillance and digital monitoring equipment before crushing season
Sindh defers 45% agriculture income tax for one year, restores 15% rate through new ordinance
IMF-agreed tax reform delayed until July 2025; Punjab earlier issued similar notification
Pakistan receives first-ever US crude oil cargo at Cnergyico Port
Trade marks new era in energy trade and diversification of nation’s energy supply
NAB to approach parliament to reduce Rs500 million threshold required to initiate action in corruption cases
Chairman Lt Gen (retd) Nazir Ahmad Butt says current threshold allows many individuals to execute corrupt activities below the limit to evade prosecution
73% of foreign investors see Pakistan as a viable FDI destination, OICCI survey shows
Survey highlights improved investor confidence, citing macroeconomic stability, reduced inflation, and stronger international credit ratings
Pakistan to benefit from $250 million GCF-backed ‘Glaciers to Farms’ climate resilience program
GCF’s funding will be provided mostly as grants and invested alongside $3.25 billion from ADB over the next decade in a series of projects in Central Asia, South Caucasus, and Pakistan
Pakistan’s exports underperform by $60 billion due to high tariffs, costly energy, and logistics issues: World Bank
Exports’ share in GDP steadily declined from 16% in 1990s to just 10.4% in 2024, leaving Pakistan’s economic growth dependent on remittances and debt-driven consumption, says World Bank in latest report