The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and United Business Group have called on the government to cut taxes on property transactions to boost the struggling construction and housing sector.
(more…)Author: Shahnawaz Akhter
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Khurram Ijaz expresses concern over rising government debt
Karachi, March 6, 2026: Khurram Ijaz, General Secretary of the 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 continued rise in Pakistan’s public debt, warning that the growing burden could pose significant challenges for the country’s economic stability and fiscal sustainability.
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FBR assures IMF of meeting FY26 tax target with new plan
Islamabad, March 6, 2026 – The Federal Board of Revenue (FBR) has shared a detailed revenue collection strategy with the International Monetary Fund (IMF), expressing confidence that Pakistan will achieve its revised tax target for the fiscal year 2025–26 despite a significant shortfall in collections so far.
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KCCI warns export decline as gas supply to industries suspended
Karachi, March 6, 2026 – The Karachi Chamber of Commerce and Industry (KCCI) has raised serious concerns over the government’s decision to suspend gas supply to industries for two days a week, warning that the move could accelerate the decline in Pakistan’s exports and further strain the country’s fragile economy.
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SECP confirms 287,049 companies registered by February 2026
Islamabad, March 6, 2026: The Securities and Exchange Commission of Pakistan (SECP) on Friday confirmed that company registrations in Pakistan have reached 287,049 by the end of February 2026, reflecting sustained growth in the country’s corporate sector.
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Can FBR stop a tax defaulter from leaving Pakistan? explained
The Federal Board of Revenue (FBR) has the legal authority to stop a person from leaving the country if they have outstanding tax liabilities or are suspected of trying to evade payment by permanently departing Pakistan. This authority is granted under Section 145 of the Income Tax Ordinance, 2001 and Rule 70 of the Income Tax Rules, 2002.
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Meezan Bank pays over Rs500 million in two years as SBP penalty
Karachi, March 5, 2026: Meezan Bank Limited, Pakistan’s largest Islamic bank, has paid over Rs500 million in penalties to the State Bank of Pakistan (SBP) during the last two years, according to its annual report for the year ended December 31, 2025, filed with the Pakistan Stock Exchange (PSX).
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Pakistan records 10% surge in total debt in one year: SBP
Karachi: Pakistan’s total public debt surged by 10% over the past year, reaching Rs79.32 trillion by January 31, 2026, according to data released by the State Bank of Pakistan (SBP) on Thursday. The increase reflects rising domestic and external borrowing amid ongoing fiscal and economic challenges.
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FBR extends income tax concession on sugar imports
Islamabad, March 5, 2026: The Federal Board of Revenue (FBR) on Thursday announced the extension of the income tax concession on the import of white crystalline sugar until February 28, 2026. The move aims to stabilize domestic sugar prices and support local market supply.
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SBP imposes Rs14 million penalty on Standard Chartered Bank Pakistan
Karachi: The State Bank of Pakistan (SBP) has imposed a penalty of Rs13.99 million on Standard Chartered Bank Pakistan Limited for regulatory violations during the calendar year 2025, according to the bank’s latest annual report submitted to the Pakistan Stock Exchange (PSX) on Thursday.
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