KARACHI, May 7, 2026 — The State Bank of Pakistan (SBP) has extended the deadline for allowing crude oil and petroleum imports on cost, insurance and freight (CIF) basis until July 10, 2026, according to a notification issued on Thursday.
(more…)Author: Shahnawaz Akhter
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SDPI recommends higher tobacco taxes in Budget 2026-27
ISLAMABAD, May 7, 2026 – Policy experts at a seminar hosted by the Sustainable Development Policy Institute on Thursday called on Pakistan’s government to raise tobacco taxes in the 2026-27 federal budget, saying stronger taxation could reduce smoking rates, improve public health and increase revenue collection.
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FBR issues draft income tax return forms for tax year 2026
ISLAMABAD, May 7, 2026 – Pakistan’s Federal Board of Revenue on Thursday issued draft income tax return forms for individuals for tax year 2026 and sought feedback from stakeholders before finalising the forms for the upcoming filing season.
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GlaxoSmithKline expects tax relief in 2026-27 budget for pharmaceutical sector
KARACHI, May 6, 2026 — GlaxoSmithKline Pakistan Limited expects tax relief for the pharmaceutical sector in the upcoming federal budget 2026-27, citing pressure on profitability from the current high-tax regime, company officials said on Wednesday.
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FBR sets May 20 deadline for customs clearing agents licence applications
ISLAMABAD, May 6, 2026 — The Federal Board of Revenue (FBR) has invited applications from eligible individuals for the grant of customs clearing agents licences, setting May 20, 2026, as the deadline for submission.
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FBR awards major penalty ‘dismissal from service’ to customs official
ISLAMABAD, May 6, 2026 — The Federal Board of Revenue (FBR) has dismissed a customs official from service on charges of prolonged unauthorized absence, according to an official notification issued on Wednesday.
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SBP Updates on Riba-Free Banking Conversion in Pakistan
KARACHI, May 5, 2026 – The State Bank of Pakistan (SBP) has shared progress on Pakistan’s transition toward a Riba-free banking system in line with the landmark judgment of the Federal Shariat Court (FSC).
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Banks Flourish on Back of Government Securities: SBP
KARACHI, May 5, 2026 – Pakistan’s banking sector posted strong growth in 2025, largely driven by increased investments in government securities, according to the latest report by the State Bank of Pakistan (SBP).
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SBP Ready to Take Measures to Address Risks Amid Middle East Conflict
KARACHI, May 5, 2026 – Governor Jameel Ahmad said the State Bank of Pakistan (SBP) is fully prepared to take necessary measures to safeguard financial stability amid risks arising from the ongoing Middle East conflict.
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Khurram Ijaz Expresses Concern Over Trade Deficit, Urges Export Boost
KARACHI, May 5, 2026 – Khurram Ijaz has raised alarm over Pakistan’s widening trade deficit and declining exports, urging the government to take immediate steps to strengthen the country’s export sector.
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