Islamabad, July 12, 2025 – Pakistan and Vietnam have taken a significant step toward strengthening bilateral financial ties, as senior officials from both countries agreed to renew and expand existing cooperation frameworks between their respective central banks.
(more…)Author: Mrs. Anjum Shahnawaz
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Islamabad Braces for Thundershower Spell on July 13
Islamabad, July 12, 2025 – The Pakistan Meteorological Department (PMD) has issued an alert forecasting a spell of thundershower activity in Islamabad on Sunday, July 13, 2025.
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Monsoon gains strength: PMD issues flood alerts
Islamabad, July 12, 2025 – The Pakistan Meteorological Department (PMD) has warned that the ongoing monsoon system is gaining momentum and may result in flash floods, urban flooding, and landslides in various parts of the country. The PMD has urged citizens to remain cautious, especially in vulnerable areas, as a strong weather system is likely to enter northern and central Pakistan starting July 13.
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FBR to invoke Section 37A only against fraudsters: Member
Islamabad, July 12, 2025 — Dr. Hamid Ateeq Sarwar, Member Inland Revenue (Operations) of the Federal Board of Revenue (FBR), stated that the arrest powers under Section 37A of the Sales Tax Act, 1990 will only be invoked against tax fraudsters and not legitimate traders or manufacturers.
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Pakistan, Russia ink landmark deal for revival of PSM
Islamabad, July 11, 2025 – In a major step towards reviving the country’s industrial strength, Pakistan and Russia have officially signed a protocol to restore and modernize the long-dormant Pakistan Steel Mills (PSM).
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PM Shehbaz orders modernization of outdated governance system
Islamabad, July 11, 2025 – Prime Minister Shehbaz Sharif on Friday reiterated his government’s commitment to overhauling Pakistan’s outdated governance system, emphasizing the urgent need to adopt a modern, efficient, and technology-driven framework to meet present-day challenges.
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PMD predicts intensification of monsoon spell from July 13
Islamabad, July 11, 2025 — The ongoing monsoon spell across Pakistan is expected to intensify significantly from July 13, according to the Pakistan Meteorological Department (PMD).
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Court halts FBR’s move in tax integration dispute
Karachi, July 10, 2025 — In a significant development, the Peshawar High Court (PHC) has granted interim relief to five oil and ghee manufacturers by issuing a stay order against the Federal Board of Revenue (FBR) in an ongoing dispute regarding mandatory tax integration.
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Islamabad notifies tax rates on services by marriage halls
Islamabad, July 11, 2025 – Planning a wedding in Islamabad this year? You might want to take a closer look at the latest tax update! The Federal Board of Revenue (FBR) has officially notified revised tax rates on services provided by marriage halls and related venues for the fiscal year 2025-26.
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PM Shehbaz orders urgent overhaul of National Tariff Commission
Islamabad, July 10, 2025 – Prime Minister Shehbaz Sharif on Thursday directed a comprehensive restructuring of the National Tariff Commission (NTC) to enhance its institutional capabilities and ensure alignment with Pakistan’s evolving economic priorities.
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