KARACHI: Pakistan’s oil sales declined sharply in April 2026 as rising petroleum prices dampened demand, according to data released by industry analysts.
(more…)Author: Shahnawaz Akhter
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Return Filing 2026: Check Now Business Income Tax Rates
KARACHI: The income tax return filing for tax year 2026 is expected to begin in July for taxpayers across Pakistan. Individuals and Associations of Persons (AOPs) earning business income are advised to review the updated tax rates to ensure accurate and timely filing.
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FBR Revises Customs Values of Fire Alarm System Parts After Under-Invoicing Detection
Karachi, May 4, 2026 – The Federal Board of Revenue has revised customs values of fire alarm system parts following the detection of under-invoicing by importers.
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Khurram Ijaz warns of unemployment surge after tough economic measures
Karachi – 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 concerns over a potential surge in unemployment following recent economic decisions by the government.
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KCCI rejects SSGC gas tariff hike petition, warns of deindustrialization
KARACHI – The Karachi Chamber of Commerce and Industry (KCCI) has formally rejected a petition by Sui Southern Gas Company (SSGC) seeking a massive hike in gas tariffs for the fiscal year 2026-27.
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P@SHA seeks tax classification of IT freelancers vs remote workers
Karachi, May 2, 2026 – The Pakistan Software Houses Association (P@SHA) has called for a clear tax classification of IT freelancers and remote workers in Pakistan’s upcoming federal budget 2026-27, warning that existing rules are creating significant distortions in the labor market.
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Pakistan inflation rises 50bps with every $10 oil price increase, report says
KARACHI, May 2, 2026– Pakistan inflation could rise by 50 basis points for every $10 per barrel increase in global oil prices, intensifying economic pressures amid ongoing geopolitical tensions, according to a report by Topline Securities Limited.
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Karachi chamber backs FBR monitoring of jewelers, warns against harassment
KARACHI, May 1, 2026– The Karachi Chamber of Commerce and Industry has backed the monitoring of jewelers’ business transactions by the Federal Board of Revenue, while cautioning against harassment by tax officials.
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FBR braces for historic tax shortfall in FY2025-26
Islamabad, May 1, 2026: The Federal Board of Revenue (FBR) is heading toward a historic shortfall in tax collection for the fiscal year 2025-26 after missing its revenue targets during the first ten months (July–April).
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Karachi Retailers Pay Rs6.25 Billion Income Tax in FY25
Karachi, April 30, 2026 — Retailers in Karachi contributed Rs6.25 billion in income tax during fiscal year 2024-25, marking a significant increase in tax collection, according to data released by the Federal Board of Revenue (FBR).
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