Business
The federal government is expected to raise petroleum prices from July 16, with petrol and diesel likely to become more expensive for consumers across Pakistan. Sources within the oil industry suggest that petrol prices may go up by around Rs6.60 per litre, while high-speed diesel (HSD) could see
Business
The Federal Board of Revenue (FBR) has clarified confusion surrounding a perceived 20.5% tax on cash sales over Rs 2 lakh, following widespread speculation after changes introduced in the Finance Act 2025. Officials confirmed that no direct tax has been imposed on large cash transactions. However, they explained that
Business
The State Bank of Pakistan (SBP) is preparing to launch a pilot project for a central bank digital currency (CBDC), with final steps underway to introduce legislation to regulate virtual assets, Governor Jameel Ahmad announced at the Reuters NEXT Asia summit in Singapore on Wednesday. Speaking at the event, the
Business
Economic Policy & Business Development (EPBD) a think tank, calls for fundamental restructuring of Pakistan's debt utilization, advocating that borrowed resources be diverted from unproductive consumption toward productive economic investment. EPBD maintains that Pakistan's Rs 7.2 trillion annual debt burden should finance growth-generating activities
Business
Gold prices in Pakistan saw a sharp decline for the second straight session on Monday, reflecting a global dip in the precious metals market. According to data released by the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola fell by Rs2,500, bringing
Business
The Federal Board of Revenue (FBR) has reported a drop in tax collections from electricity bills in the fiscal year 2024-25. According to official data, Rs. 490 billion were collected through Withholding Tax (WHT) and General Sales Tax (GST) via power bills, marking a decline from Rs. 600 billion
Business
Former federal minister Gohar Ejaz said that State Bank of Pakistan is causing annual Rs3 trillion loss to national exchequer. In a post uploaded on X platform on Tuesday, Gohar Ejaz asked the central bank why it is not realizing the annual loss of Rs3 trillion it is causing to
Business
Gold prices in Pakistan surged on Monday, approaching record highs amid bullish sentiment in the global market. The price of one tola of gold rose sharply to Rs 358,465, while the rate for 10 grams increased by Rs 1,256, closing at Rs 307,325. The rise follows a
National
Pakistan's numbers tell a compelling story with only 5.9 million tax filers out of 71 million workforce (8.4 percent, tax filer to workforce ratio), while banks hold 177 million accounts, with 137 million unique account holders (60% of adult population), and Rs32.7 trillion in deposits
National
A key government committee led by Finance Minister Muhammad Aurangzeb met on Monday in Islamabad to review the country’s petroleum reserves and pricing, as global oil markets face uncertainty due to fresh tensions in the Middle East. The meeting followed the recent escalation in regional conflict after an Israeli
Business
Gold rates in Pakistan have touched a new peak, with prices hitting an all-time high across major cities. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold remained stable on Monday at Rs363,000 per tola, the highest ever recorded in the country.
Breaking News
In a bid to curb the import bill and encourage local manufacturing, the federal government has proposed a 2% increase in customs duty on a broad range of imported goods in the Budget 2025–26, according to official documents released Friday. The revised rates raise customs duties from 3% to