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Author: Shahnawaz Akhter

inflation

Pakistan inflation expected to hit 23-month high in May 2026

May 16, 2026May 16, 2026Shahnawaz Akhter

CPI inflation projected at up to 11.5% amid rising food prices Pakistan’s headline inflation, measured by the Consumer Price Index (CPI), is expected to rise to a 23-month high in May 2026, driven mainly by higher food prices, according to a report released by Topline Securities.

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FBR monitoring beverage

FBR authorizes vendors for production monitoring in beverage sub-sectors

May 15, 2026May 15, 2026Shahnawaz Akhter

Move aims to enhance tax compliance and curb revenue leakages in bottled water and juice industries The Federal Board of Revenue has taken another step toward strengthening tax compliance and industrial transparency by finalizing the authorization of vendors for production monitoring systems in the beverages sector, including bottled water and packaged juices.

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SBP governor Jameel Ahmad

SBP governor estimates $2 billion decline in Pakistan’s FY26 exports

May 15, 2026May 15, 2026Shahnawaz Akhter

Jameel Ahmad says falling global commodity prices impacting Pakistan’s export earnings Governor of the State Bank of Pakistan Jameel Ahmad on Friday said Pakistan’s exports are likely to decline by around $2 billion during fiscal year 2025-26 due to weak global commodity prices and challenging international economic conditions.

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FBR Image 01 New

FBR targets bottled water production through electronic monitoring

May 15, 2026May 15, 2026Shahnawaz Akhter

Electronic production tracking system introduced to curb sales tax evasion The Federal Board of Revenue has launched an electronic monitoring system for bottled water production aimed at preventing sales tax evasion and improving tax compliance in the sector.

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gold bars

Jewelers propose special regime for income tax payment and record keeping

May 15, 2026May 15, 2026Shahnawaz Akhter

Sarafa association seeks simplified turnover-based tax system for jewelry sector The All Pakistan Sarafa Gems and Jewelers Association has proposed a special tax regime for jewelers aimed at simplifying income tax payments and record-keeping procedures for the sector.

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KTBA Bar

Patel urges sunset clause to end super tax in Pakistan

May 14, 2026May 14, 2026Shahnawaz Akhter

EY Ford Rhodes partner calls for corporate tax reforms to improve investment climate Haider Ali Patel on Thursday urged the government to introduce a sunset clause in Section 4C of the Income Tax Ordinance, 2001, to define a clear end date for the levy of super tax in Pakistan.

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SBP report on banking sector

Investment in premium prize bonds surges over 24%: SBP

May 14, 2026May 14, 2026Shahnawaz Akhter

Rising investor interest drives sharp increase in registered prize bond holdings amid documentation push Investment in premium prize bonds in Pakistan increased by 24.30% in the year ended March 31, 2026, according to data released by the State Bank of Pakistan.

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Petroleum Prices in Pakistan increase decrease

Government collects Rs37.28 billion carbon levy in 9MFY26

May 14, 2026May 14, 2026Shahnawaz Akhter

Climate Support Levy introduced under Finance Act 2025 boosts revenue collection during first nine months The government collected Rs37.28 billion in carbon levy during the first nine months (July–March) of fiscal year 2025-26, according to official data released on Thursday.

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state bank of pakistan 03

Pakistan’s gold reserves surge 40% to reach $9.61 billion: SBP

May 14, 2026May 14, 2026Shahnawaz Akhter

Rising global bullion prices boost Pakistan’s strategic gold holdings despite recent market volatility Pakistan’s gold reserves surged 40% year-on-year to reach $9.61 billion in April 2026, according to data released by the central bank on Thursday.

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FBR Pakistan Karachi

FBR to launch AI-based system to check false data in tax returns through Finance Bill 2026

May 13, 2026May 13, 2026Shahnawaz Akhter

Government plans technology-driven tax reforms to curb evasion and improve transparency Islamabad: The Federal Board of Revenue (FBR) is planning to introduce an AI-based tax system through the upcoming Finance Bill 2026 to identify false information in tax returns and strengthen enforcement against tax evasion.

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