SBP data shows sharp drop in foreign investment despite easing portfolio outflows
State Bank of Pakistan (SBP) reported on Monday that foreign direct investment (FDI) into Pakistan fell 31% during the first 10 months of fiscal year 2025-26, reflecting continued pressure on external investment inflows.
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Toyota Land Cruiser, Prius and Honda Civic among vehicles listed for public auction
Pakistan Customs has announced a public auction of old and used vehicles scheduled for May 20, 2026, at the Anti-Smuggling Organization (ASO) NMB Wharf in Karachi.
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Service providers in ICT directed to adopt electronic invoicing system under new order
The Federal Board of Revenue (FBR) has made Point of Sale (POS) integration with its computerized system mandatory for service providers operating in the Islamabad Capital Territory (ICT), according to a new general order issued on Monday.
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Rising trade deficit pushes Pakistan into monthly external account shortfall
State Bank of Pakistan (SBP) on Monday reported that Pakistan posted a current account deficit (CAD) of $324 million in April 2026, reversing the strong surplus recorded in the previous month.
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Business body proposes lower withholding taxes and withdrawal of Section 7F
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed sweeping tax reforms for Pakistan’s property sector in the federal budget 2026-27, including sharp reductions in withholding taxes on property purchases and sales.
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Pakistan commits to stricter enforcement of digital invoicing under IMF-backed reforms
The Federal Board of Revenue (FBR) is set to propose stricter penalties for taxpayers failing to comply with digital sales tax invoicing requirements in the upcoming Finance Bill 2026, as part of Pakistan’s commitments under reforms linked to the International Monetary Fund.
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Tax authority plans broader reforms to strengthen compliance and expand tax base
The Federal Board of Revenue (FBR) will develop new audit selection parameters aimed at improving revenue collection and broadening Pakistan’s tax base as the country faces persistent tax shortfalls, officials said.
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Subtitle: Genuine jewellers will not be targeted, FIA assures Sarafa Association
KARACHI, May 17 – The Federal Investigation Agency (FIA) on Saturday reaffirmed its commitment to continue an ongoing crackdown against jewellers allegedly involved in money laundering and gold smuggling, while assuring legitimate traders that lawful businesses would not face unnecessary action.
(more…)FPCCI advocates massive tax relief for salaried persons in budget 2026-27
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for broad tax relief for salaried individuals in the federal budget 2026-27, arguing that high tax rates and surcharges are eroding disposable incomes and weakening household financial stability.
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Trade body urges government to ease compliance burden in budget 2026-27
Federation of Pakistan Chambers of Commerce and Industry has proposed the revival of the Final Tax Regime (FTR) for exporters in the upcoming budget 2026-27, arguing that the withdrawal of the regime has increased compliance costs and tax-related uncertainty for exporters.
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