Karachi, May 9, 2026 – Khurram Ijaz, General Secretary of Businessmen Panel Progressive (BMPP) and former Vice President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has strongly criticized the government over the third consecutive increase in petroleum prices, warning that the move will intensify inflationary pressures and hurt economic activity across Pakistan.
(more…)Author: Shahnawaz Akhter
-
FBR Warns Taxpayers Over Non-Declaration of Property
Federal Board of Revenue has warned taxpayers of strict legal action for failing to declare property details in income tax returns for tax year 2026.
(more…) -
PSW and TDAP Partner to Boost Trade Digitalisation
Pakistan Single Window and Trade Development Authority of Pakistan have signed a memorandum of understanding (MoU) to accelerate the digitalisation of Pakistan’s trade ecosystem.
(more…) -
Business Tycoons Urge Tariff Rationalization in Meeting With Commerce Minister
Islamabad, May 8, 2026 – Leading business tycoons and industrial stakeholders on Friday urged the government to pursue balanced tariff rationalization policies to support industrial growth, exports and investment in Pakistan’s manufacturing sector.
(more…) -
SBP extends CIF oil import relaxation till July 10, 2026
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…) -
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.
(more…) -
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.
(more…) -
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.
(more…) -
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.
(more…) -
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.
(more…)