Karachi, March 11, 2026 – The State Bank of Pakistan reported a staggering 203% surge in government borrowing from commercial banks during the first eight months (July–February) of the fiscal year 2025-26, compared to the same period last year.
(more…)Author: Shahnawaz Akhter
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Massive cash withdrawals drain Rs790 billion from Pakistan banks in January 2026
Karachi, March 11, 2026 – The State Bank of Pakistan has reported that large-scale cash withdrawals wiped out Rs790 billion from the country’s banking system in a single month, highlighting continued liquidity movement among depositors.
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K-Electric board elections: Deadline to file director candidature is March 19, 2026
Shareholders interested in contesting the upcoming board elections of K-Electric Limited must submit their notice of intention and required documents by March 19, 2026, according to an addendum issued ahead of the company’s Extraordinary General Meeting (EOGM).
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How much jail term is prescribed for misleading tax statements in Pakistan?
Making a false or misleading statement to tax authorities is a serious offence in Pakistan. The law prescribes criminal penalties, including imprisonment and fines, under the Income Tax Ordinance, 2001 (updated for tax year 2026).
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PM Shehbaz orders FBR to offer digital tax services in Urdu and regional languages
Islamabad, March 11, 2026 – Prime Minister Shehbaz Sharif on Tuesday directed the Federal Board of Revenue (FBR) to provide digital tax services in Urdu and other regional languages to improve taxpayer accessibility and compliance. The move aims to make platforms like the Auto Tax System, Digital Invoicing System, IRIS, and other FBR applications more user-friendly for citizens across Pakistan.
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Langrial assures businesses of action against corrupt FBR officials
Islamabad, March 10, 2026 – Rashid Mahmood Langrial, chairman of the Federal Board of Revenue (FBR), has assured the business community that strict disciplinary action will be taken against tax officials involved in corruption or misconduct.
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Is Foreign Investment Tax Exempt in Pakistan? What to Know in 2026
Foreign investors considering opportunities in Pakistan often ask whether their investment income is tax-exempt. In 2026, Pakistan provides significant tax incentives for certain foreign investments under the Income Tax Ordinance, 2001, particularly through Section 44A, which links tax exemptions to the Foreign Investment (Promotion and Protection) Act, 2022.
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SBP slaps Rs102 million fine on Allied Bank over compliance violations
Karachi, March 10, 2026 – The State Bank of Pakistan (SBP) has imposed a penalty of around Rs102 million on Allied Bank Limited for violations of banking regulations, according to the bank’s latest financial disclosures submitted to the Pakistan Stock Exchange (PSX).
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Khurram Ijaz disappointed over unchanged policy rate, calls for relief to industry
Karachi, March 9, 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 disappointment over the decision of the State Bank of Pakistan (SBP) to keep the policy rate unchanged at 10.50%, warning that the move could further strain industrial activity and exports.
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SAI criticizes SBP for keeping interest rate unchanged, warns of industrial strain
Karachi, March 9, 2026 – Abdul Rehman Fudda, President of the Site Association of Industry (SAI), has expressed disappointment over the State Bank of Pakistan’s (SBP) decision to maintain the policy rate at 10.5%, warning that the status quo could put additional pressure on industrial activity and exports.
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