Revised Federal Excise Act excludes mineral water and low-sugar hydration beverages from the 20% federal excise duty.
(more…)Author: Faisal Shahnawaz
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FBR notifies FED rates for imported electric cars and SUVs in FY2026-27
New federal excise duty structure introduces higher rates for premium imported electric vehicles while maintaining zero duty on lower-priced EVs.
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Geely introduces world’s first 16-in-1 electric drive system
New “Thunder” electric drive technology debuts in Geely Galaxy TT, delivering higher efficiency, lower weight, and enhanced EV performance.
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Rising raw material costs weigh heavily on Chinese automakers’ profits
Higher prices for raw materials and storage chips, coupled with weak vehicle demand, put significant pressure on China’s automotive industry.
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Lucas Herbert storms into lead at British Open with historic 62
Australian golfer delivers a stunning eight-under-par round in Southport to open a two-shot advantage at the British Open Championship.
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Mauro Schmid triumphs in Tour de France stage 13
Swiss rider secures a memorable victory in a demanding Stage 13, while Tadej Pogacar strengthens his grip on the yellow jersey.
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Watanabe, Yamaguchi delight home crowd by reaching Japan open finals
Japanese stars Koki Watanabe and Akane Yamaguchi secure thrilling semifinal victories to book places in the Japan Open badminton singles finals.
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Luis de la Fuente’s steady leadership drives spain toward world cup glory
Spain’s head coach combines patience, tactical flexibility, and trust in youth to guide La Roja to the brink of World Cup success.
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Muhammad Sabir Shaikh sees electric scooters driving Pakistan’s mobility future
Veteran entrepreneur highlights the growing role of electric two-wheelers as Pakistan transitions toward sustainable transportation
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FBR clarifies sales tax rules for footwear sold through POS retailers
Sales Tax General Order No. 11 of 2026 provides implementation guidelines for footwear supplied through FBR digitally integrated and POS-compliant retail outlets.
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