KARACHI, April 17, 2026 — Khurram Ijaz, General Secretary of Businessmen Panel Progressive (BMPP) and former Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed serious concern over the growing electricity shortfall in the country, warning that it is not only making life difficult for the general public but also posing significant risks to industrial output and economic stability.
(more…)Author: Shahnawaz Akhter
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Minister Kayani to hold key tax talks with Karachi business leaders
KARACHI, April 17, 2026 —Minister of State for Finance, Bilal Azhar Kayani, will hold a series of meetings with business leaders in Karachi over the weekend to discuss key taxation issues ahead of the federal budget for 2026–27, officials said on Friday.
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FBR probe exposes large-scale corruption in Pakistan Customs
Karachi, April 16, 2026 — A sweeping investigation by the Federal Board of Revenue (FBR) has uncovered large-scale corruption within Pakistan Customs, resulting in strict disciplinary action against multiple officials, according to official notifications issued on Thursday.
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FBR imposes major penalty on customs officer over ‘living beyond means’ finding
ISLAMABAD, April 16, 2026 — The Federal Board of Revenue (FBR) has imposed a major penalty of compulsory retirement on a Pakistan Customs intelligence officer after disciplinary proceedings concluded that he was living beyond his known sources of income, according to an official notification issued on Thursday.
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FBR issues new fair market values for Islamabad properties
ISLAMABAD, April 16, 2026 — The Federal Board of Revenue (FBR) on Thursday issued revised fair market values for immovable properties in Islamabad, in a move aimed at tightening tax compliance and aligning property valuations with prevailing market rates.
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FBR forms committee to strengthen compliance risk framework
ISLAMABAD, April 16, 2026 — The Federal Board of Revenue (FBR) on Thursday constituted a technical committee to review and strengthen its Compliance Risk Management (CRM) framework, aiming to improve tax enforcement efficiency and detect high-risk cases more effectively.
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FDI jumps 163% in March but overall inflows remain weak: SBP
KARACHI, April 16, 2026 — Foreign direct investment (FDI) in Pakistan surged 163% year-on-year in March 2026, signaling a short-term rebound in investor activity, though broader inflows remained subdued during the fiscal year, data from the State Bank of Pakistan (SBP) showed on Thursday.
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Banks flood T-bill auction as SBP receives Rs4 trillion bids
KARACHI, April 15, 2026 — Pakistan’s commercial banks aggressively participated in the latest treasury bill auction on Wednesday, submitting bids worth more than Rs4 trillion against a government target of Rs1.35 trillion, underscoring ample liquidity in the banking system.
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FBR clarifies tax rules for builders and developers under Section 7F regime
ISLAMABAD, April 15, 2026 —Federal Board of Revenue (FBR) on Wednesday issued revised guidelines for tax collection from builders and developers, aiming to address industry concerns over withholding tax applicability and ease liquidity pressures.
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FBR sets new customs values for imported almonds
KARACHI, April 15, 2026 — The Federal Board of Revenue (FBR) has revised customs values for imported almonds in a move aimed at ensuring accurate duty collection and curbing under-invoicing, according to an official valuation ruling issued on Wednesday.
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