Islamabad, May 23, 2025 – In a stunning blow to the country’s vital export sector, the Federal Board of Revenue (FBR) has flatly denied any plans to reinstate the Final Tax Regime (FTR) for exporters in the upcoming Budget 2025-26.
(more…)Author: Mrs. Anjum Shahnawaz
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PM Shehbaz praises Hutchison Ports’ investment in Pakistan
Islamabad, May 22, 2025 — Prime Minister Shehbaz Sharif on Thursday commended Hutchison Ports for its unwavering commitment and sustained engagement in Pakistan’s maritime and port development, describing it as a “powerful testament to international confidence in Pakistan’s economic vision.”
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Islamabad braces for rain on Friday amid relentless heatwave
Islamabad, May 22, 2025 — As the punishing heatwave continues to scorch Pakistan, all eyes are now on Islamabad, where the Pakistan Meteorological Department (PMD) has forecast a dramatic shift in weather.
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Pakistan Textile Council proposes bold reforms in Budget 2025–26
Islamabad, May 22, 2025 – In a major policy move ahead of the federal budget 2025–26, the Pakistan Textile Council (PTC) has submitted a sweeping set of proposals aimed at reviving Pakistan’s export economy, improving ease of doing business, and reducing reliance on IMF programmes.
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FBR admits high taxes forcing capital flight to Dubai
In a revelation that has sent shockwaves through the country’s economic corridors, the Federal Board of Revenue (FBR) has officially admitted that high tax rates and rigid fiscal policies are triggering an alarming capital flight to Dubai.
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Cyclone Watch: PMD confirms no threat to Karachi or coastal areas
Karachi, May 22, 2025 – The Pakistan Meteorological Department (PMD) has issued an important update regarding a weather system developing in the Arabian Sea. According to the latest PMD advisory, there is currently no threat to any of Pakistan’s coastal areas, including Karachi, from the cyclone forming over the Arabian Sea.
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FBR eyes harsher penalties for retailers in budget 2025-26
Islamabad, May 22, 2025 – In a major move to curb tax evasion, the Federal Board of Revenue (FBR) is set to propose significantly heavier penalties on non-compliant retailers in the upcoming federal budget for 2025-26.
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CCP fines British Lyceum Rs5 million over misleading claims
ISLAMABAD – The Competition Commission of Pakistan (CCP) has imposed a total penalty of Rs 5 million on British Lyceum (Pvt.) Limited for running a misleading and deceptive advertisement, as per a press release issued on Wednesday.
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Govt prioritizing tax compliance over SIM blocking: Saad Waseem
Islamabad, May 22, 2025 – Parliamentary Secretary Sheikh Saad Waseem said on Wednesday that the government is prioritizing tax compliance and broadening the tax base instead of taking punitive actions like blocking mobile SIMs.
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PM Shehbaz reiterates commitment to low-cost housing projects
Prime Minister Muhammad Shehbaz Sharif on Wednesday reaffirmed the government’s unwavering commitment to expanding housing opportunities for low- and middle-income citizens, stating that affordable housing remains a top national priority.
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