Karachi, August 30, 2025 – Gold prices in Pakistan surged to a record-breaking level on Saturday, reaching an unprecedented Rs367,400 per tola.
(more…)Category: Top stories
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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SBP orders banks to track billions in outward remittances
KARACHI, August 29, 2025 – The State Bank of Pakistan (SBP) has instructed all banks to provide detailed data on outward remittances and foreign exchange transactions sent abroad by corporate entities and individual investors.
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FBR collects taxes on holidays ahead of IMF review visit
ISLAMABAD – August 29, 2025 – The Federal Board of Revenue (FBR) has announced that its tax collection offices will remain open on the last two weekly holidays of August 2025, in a move aimed at meeting revenue targets ahead of an upcoming International Monetary Fund (IMF) review mission.
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Finance ministry warns of flood impact on Pakistan economy
Islamabad, August 28, 2025 – Pakistan’s finance ministry has issued a cautionary note, warning that flood-related damages could exert additional fiscal pressures and disrupt essential food supplies in key agricultural zones.
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SBP announces 27% drop in after-tax profit for FY25
Karachi, August 28, 2025 – The State Bank of Pakistan (SBP) has reported a sharp 27% decline in its after-tax profit for the fiscal year 2024-25, reflecting a challenging financial environment.
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FBR, SRB reach accord; SHC closes toll tax case
Karachi, August 28, 2025 – The Sindh High Court (SHC) has finally resolved the long-standing dispute over the levy of sales tax on toll manufacturing through a consensus agreement submitted jointly by the Federal Board of Revenue (FBR) and Sindh Revenue Board (SRB).
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ECC approves Rs30 billion grant for closure of Utility Stores
Islamabad, August 28, 2025 – In a significant fiscal move, the Economic Coordination Committee (ECC) of the Cabinet approved a technical supplementary grant of Rs30.216 billion to facilitate the orderly closure of the Utility Stores Corporation (USC) of Pakistan.
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PM Shehbaz formally launches NEV Policy 2025-30
Islamabad, August 26, 2025 – Prime Minister Muhammad Shehbaz Sharif on Tuesday formally unveiled Pakistan’s New Energy Vehicle (NEV) Policy 2025-30, marking a significant milestone in the country’s transition toward sustainable transport, industrial modernization, and climate resilience.
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Pakistan moves to frame tax policies for cryptocurrencies
Islamabad, August 26, 2025 – In a significant development, Pakistan is preparing to draft comprehensive tax policies to govern gains from trading in cryptocurrencies, marking a major step toward regulating digital assets in the country.
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Shehbaz orders transparency, modernization in Pakistan Customs
Islamabad, August 26, 2025 – Prime Minister Muhammad Shehbaz Sharif has directed authorities to enhance transparency and efficiency in the country’s customs inspection and assessment process through the integration of advanced technology and the introduction of a faceless system.
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