Ombudsman rules recovery became unlawful after appellate authority set aside the original sales tax assessment
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Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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Pakistan launches carbon market, approves four major climate projects
Four projects receive Letters of Intent under Article 6 framework to generate carbon credits and attract climate finance
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FBR explains why it uses 24.5% corporate tax benchmark for tax expenditure estimates
Tax Expenditure Report 2026 says conservative benchmark avoids overstating the fiscal cost of corporate tax concessions.
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LTO Karachi targets 174 taxpayers in foreign assets scrutiny drive
Investigation under AEOI framework targets offshore wealth, foreign income and tax reporting compliance.
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Pakistan increases petrol, diesel prices by over Rs13 per litre from July 11
Government revises fuel prices following a surge in international oil markets after the collapse of Iran-US truce efforts.
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FBR projects Rs410bn customs duty from petroleum products in FY2026-27
Petroleum products, imported vehicles and electrical machinery are expected to remain the largest contributors to customs duty revenue.
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PM Shehbaz hails record $41.6bn remittances in FY2025-26
Prime Minister thanks overseas Pakistanis after workers’ remittances reach a record high, strengthening the country’s external sector.
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FBR notifies overstayed cargo management rules from August 31
New automated customs framework introduces digital penalties, adjudication and appeals for overstayed imported cargo at Pakistan’s seaports.
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KSE-100 Index tumbles over 4,600 points after Middle East truce failure
Renewed US-Iran tensions and soaring oil prices trigger panic selling at Pakistan Stock Exchange
KARACHI: The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) suffered a sharp decline on Tuesday, plunging 4,626 points as renewed geopolitical tensions in the Middle East triggered panic selling and widespread profit-taking.
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Cargo plane missing off Karachi as search intensifies
Pakistan Navy, Air Force and maritime agencies expand search after cargo aircraft with five crew disappears en route from Sharjah to Karachi.
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