ISLAMABAD: The federal government has flipped dramatically, borrowing Rs672 billion from banks in H1 FY26 — a stark reversal from retiring Rs1.7 trillion last year — as SBP data exposes heavy reliance on domestic banks to plug fiscal holes. Experts warn the bank borrowing addiction — 86% Read More...
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ISLAMABAD: The Federal Board of Revenue (FBR) has launched a full-scale invasion of private hospitals and clinics, deploying IRS officers on-site to catch doctors red-handed underreporting income after TY2025 data exposed massive tax evasion in the healthcare sector, Dawn reports. Of 319,572 Read More...
ISLAMABAD: The Federal Board of Revenue (FBR) has unleashed a massive Federal Excise Duty (FED) haul in FY25, with explosive growth across key sectors compared to FY24, official data reveals. Cement manufacturers got hit with a 101.8% surge in FED. Domestic air travel saw 109.6% spike, while Read More...
ISLAMABAD: The National Assembly Standing Committee on Parliamentary Affairs has demanded Pakistan Railways craft a sustainable pension relief mechanism for its retirees, including Prime Minister’s assistance package beneficiaries, balancing pensioner rights with long-term financial survival. Read More...
KARACHI: Pakistan’s private sector has stormed to a record Rs1.5 trillion in bank lending during FY26, fueled by the government’s retreat from bank borrowing, the Pakistan Banks Association (PBA) announced. This lending explosion triggered an 8.33% surge in Large-Scale Manufacturing (LSM), Read More...
PESHAWAR: The Sarhad Chamber of Commerce and Industry (SCCI) has launched a blistering attack on alleged corruption, malpractice, and abuse of power in the Labour Department, Workers Welfare Board, and ESSI, demanding radical reforms and clarity in labour laws. SCCI President Junaid Altaf Read More...
LAHORE: The Punjab Revenue Authority (PRA) has unleashed a new Investigation and Intelligence Wing to hunt down tax evaders and non-compliant businesses, a decision sealed in a Tuesday meeting chaired by Chairman Moazzam Iqbal Sipra. The restructuring blitz targets efficiency overhaul — the Read More...
ISLAMABAD: The Federal Board of Revenue (FBR) announced on Wednesday that enforcement recoveries exploded to Rs874 billion in FY2024–25, an eight-fold surge from Rs105 billion in FY2023–24, with a Rs389 billion target locked for the current fiscal. Highlighting the crackdown muscle, Read More...
ISLAMABAD: PML-N MNA Shaista Pervaiz Malik torched the Federal Board of Revenue (FBR) in the National Assembly Standing Committee on Commerce on Wednesday, accusing it of poisoning the business climate with relentless harassment — driving multinationals and local firms to flee Pakistan. Read More...
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