Islamabad — Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial on Thursday (January 1, 2026) held a high-level meeting with Chief Commissioners Inland Revenue and Chief Collectors of Customs to finalize strategies for achieving the tax collection target for the second half of the 2025-26 fiscal year (January–June).
(more…)Author: Mrs. Anjum Shahnawaz
-
PM Shehbaz orders key measures to cut foreign exchange outflow on petroleum imports
Islamabad, January 1, 2026 — Prime Minister Muhammad Shehbaz Sharif on Thursday issued important directives aimed at saving foreign exchange spent on petroleum imports, stressing the need to accelerate domestic oil and gas exploration and modernize the energy supply chain.
(more…) -
Pakistan’s headline inflation eases to 5.6% in December 2025
Islamabad, January 1, 2026 — Pakistan’s headline inflation slowed to 5.6 percent in December 2025, marking a decline from 6.1 percent in November 2025, according to the latest figures released by the Pakistan Bureau of Statistics (PBS). On a year-on-year basis, inflation was higher than 4.1 percent recorded in December 2024, reflecting mixed price trends across sectors.
(more…) -
Weather update: Karachi braces for colder days as temperatures drop
Islamabad, January 1, 2026 – The Pakistan Meteorological Department (PMD) has forecast a gradual drop in temperatures in Karachi over the next three days, signaling colder weather for the coastal city.
(more…) -
NADRA introduces facial recognition for biometric verification
Islamabad, January 1, 2026 – The National Database and Registration Authority (NADRA) has officially launched a facial recognition-based biometric verification system to assist citizens who face difficulties with fingerprint verification, including the old-age and individuals with medical conditions.
(more…) -
FBR faces over Rs300 billion shortfall in revenue collection in 1HFY26
Islamabad, January 1, 2026 – The Federal Board of Revenue (FBR) has reported a revenue shortfall of over Rs336 billion during the first half (July–December) of fiscal year 2025-26, raising concerns over meeting Pakistan’s full-year fiscal targets.
(more…) -
Pakistan cuts petrol price by Rs10.28 per litre to start 2026
Islamabad, December 31, 2025 — Pakistan is set to welcome the New Year with significant relief for motorists and households as the federal government announced a sharp reduction in petroleum prices for the next fortnight, effective from January 1, 2026.
(more…) -
Pakistan, Saudi Arabia exchange views on regional situation
Islamabad, December 31, 2025 — Prime Minister Muhammad Shehbaz Sharif on Wednesday held a telephone conversation with Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, Prince Mohammed bin Salman bin Abdulaziz Al Saud, during which the two leaders discussed the evolving regional situation and current developments.
(more…) -
PM Shehbaz launches economic governance reforms, declares stability achieved
Islamabad, December 31, 2025 — Prime Minister Muhammad Shehbaz Sharif on Wednesday formally launched the government’s Economic Governance Reforms, announcing that Pakistan has moved beyond the phase of economic firefighting after two years of politically difficult but structurally essential decisions that restored macroeconomic stability and international credibility.
(more…) -
Gadani Customs seizes smuggled betel nuts worth Rs252.2 million
Karachi, December 31, 2025 — In a major intelligence-based anti-smuggling operation, Gadani Customs Enforcement Collectorate, with support from the Frontier Corps (FC) and local police, seized 30.5 metric tons of smuggled betel nuts of foreign origin along with four passenger buses near Ashok Pump, District Hub. The total estimated value of the seized goods and vehicles amounts to Rs252.5 million.
(more…)