Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
New disclosure rules require tax and customs officers to declare foreign nationality, travel documents and family details within 90 days.
ISLAMABAD: The Federal Board of Revenue (FBR) has initiated a comprehensive scrutiny of foreign travel history and foreign nationality status of officials serving in the Inland Revenue Service (IRS) and Pakistan Customs Service (PCS) under newly notified disclosure rules for 2026.
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Government moves ahead with privatisation of IESCO, GEPCO and FESCO to reduce losses from state-owned enterprises.
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed relevant authorities to expedite the privatisation process of electricity distribution companies (DISCOs), reaffirming the government’s commitment to offloading loss-making State-Owned Enterprises (SOEs).
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Honda Atlas Cars Pakistan reports strong growth in production and sales as the country’s automotive sector shows signs of stabilisation and renewed consumer demand.
Honda Atlas Cars Pakistan Limited has reported a remarkable 70% increase in vehicle production for the financial year ended March 31, 2026, reflecting the ongoing recovery of Pakistan’s automobile industry.
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Salary tax collections drop year-on-year as debate grows over relief for salaried class in upcoming budget
ISLAMABAD: The Federal Board of Revenue (FBR) collected over Rs518 billion in salary tax during the first eleven months (July–May) of fiscal year 2025-26 (11MFY26), reflecting a decline of around 6 per cent on a year-on-year basis.
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IMF urges Pakistan to expand retailer registration and restrict certain transactions to tax filers
ISLAMABAD: The Federal Board of Revenue (FBR) is set to intensify efforts to bring undocumented retailers into the tax net by monitoring high-value transactions under a newly introduced retailer registration scheme, sources said.
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Increased levy on petrol limits consumer benefit despite Rs4 per litre reduction in ex-depot prices, while kerosene rates rise sharply.
The federal government has effectively denied consumers full relief from lower fuel prices by significantly increasing the petroleum levy on petrol, despite announcing a reduction in the ex-depot price for the coming week.
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Pilot project aims to create a faceless, AI-powered tax administration system to enhance transparency, compliance and revenue collection
Prime Minister Shehbaz Sharif on Thursday directed authorities to launch a pilot phase of an Artificial Intelligence (AI)-driven automated tax system in Islamabad as part of the government’s efforts to modernise tax administration, improve compliance and strengthen revenue collection.
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Economic Survey to be released on June 9 ahead of federal budget presentation in National Assembly on June 10
Finance Minister Senator Muhammad Aurangzeb will present the Pakistan Economic Survey 2025-26 on June 9, a day before unveiling the federal budget for fiscal year 2026-27, according to an announcement made on Thursday.
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PM directs tariff reforms, institutional modernization and AI adoption to support export-led growth under NTP 2025–30
ISLAMABAD, June 4, 2026 — Prime Minister Shehbaz Sharif on Thursday directed authorities to ensure swift and effective implementation of the National Tariff Policy (NTP) 2025–30, emphasizing reforms aimed at facilitating investment, trade and industrial development.
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Exports fall and imports rise during July–May FY2025-26, though monthly trade gap narrows sharply in May
Pakistan recorded trade deficit of $34.76 billion during the first eleven months (July–May) of fiscal year 2025-26 or 11MFY26 as declining exports and higher imports continued to pressure the country’s external sector, according to data released by the Pakistan Bureau of Statistics.
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