Karachi, April 29, 2026 — Sui Southern Gas Company Limited (SSGC) reported a sharp 80% decline in profit after tax for the first nine months of fiscal year 2025–26, as rising costs and lower margins weighed heavily on its financial performance.
(more…)Author: Shahnawaz Akhter
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Senate seeks data on dual nationality of FBR officers
ISLAMABAD, April 28, 2026 – Pakistan’s Senate has sought detailed information on federal tax officers holding dual nationality, directing the Federal Board of Revenue (FBR) to compile and submit comprehensive data for review by a parliamentary panel.
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Pakistan may remove 1% import tax relief in major policy shift
ISLAMABAD, April 27, 2026 – Pakistan is considering scrapping concessional income tax rates on a wide range of imported goods as part of efforts to raise revenues in the federal budget for 2026-27, according to officials in the finance ministry.
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FBR clarifies tax relief for builders under special regime
Karachi, April 27, 2026 – The Federal Board of Revenue (FBR) has issued a clarification regarding the applicability of advance tax on property transactions for builders and developers operating under a special tax regime, aiming to ease their financial burden and address industry concerns.
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Khurram Ijaz terms interest rate hike harmful for economic growth
Karachi, April 27, 2026 – Khurram Ijaz, General Secretary of the Businessmen Panel Progressive (BMPP) and former Vice President of Federation of Pakistan Chambers of Commerce and Industry, has strongly criticized the recent increase in the policy rate by the State Bank of Pakistan, calling it counterproductive for economic growth.
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SBP hikes policy rate to 11.5% as Middle East crisis fuels inflation shock
KARACHI, April 27 – The State Bank of Pakistan (SBP) raised its key policy rate by 100 basis points to 11.50% on Monday, warning that intensifying geopolitical tensions in the Middle East have significantly heightened risks to inflation, external stability and overall macroeconomic conditions.
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FPCCI pushes SBP for stability, opposes tight monetary policy
Karachi, April 26, 2026 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the State Bank of Pakistan (SBP) to refrain from tightening monetary policy at its upcoming Monetary Policy Committee meeting scheduled for April 27, warning that higher interest rates could undermine fragile economic recovery.
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Petrol price shock: Karachi traders warn of economic fallout as fuel costs surge
KARACHI – Business leaders in Karachi have strongly condemned the government’s sharp increase in petroleum prices, warning it could derail economic recovery and intensify inflationary pressures across Pakistan.
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KTBA raises voice for high earners amid FBR super tax surcharge action
Karachi, April 24, 2026 – The Karachi Tax Bar Association (KTBA) has strongly defended high-income taxpayers against default surcharge proceedings initiated by the Federal Board of Revenue (FBR), raising concerns over legality, fairness, and economic impact.
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SBP eases import financing rules for oil and LNG amid geopolitical crisis
KARACHI, April 23, 2026 – The State Bank of Pakistan (SBP) has revised key foreign exchange instructions to facilitate the import of crude oil, petroleum products and liquefied natural gas (LNG), as Pakistan navigates rising geopolitical tensions linked to the ongoing Iran conflict.
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