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FBR Tightens Penalties for Delayed Customs Clearance

16-Aug-2026
The Federal Board of Revenue (FBR) has introduced a revised penalty structure for delays involving the filing of goods declarations and the clearance of consignments from customs stations, with the ne...
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FBR Tightens Penalties for Delayed Customs Clearance

Petroleum Dealers’ Margin Raised to Rs9.98 Per Litre

16-Aug-2026
ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet has approved a Rs1.34 per litre increase in the dealers’ margin on petroleum products, taking it from Rs8.64 to Rs9.98 per...
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Petroleum Dealers’ Margin Raised to Rs9.98 Per Litre

GP Fund Markup Rate Cut to 12.05% for FY2025-26

14-Aug-2026
The federal government has lowered the markup rate on General Provident Fund (GP Fund) savings to 12.05% for fiscal year 2025-26, compared with 12.46% recorded in the previous financial year, accordin...
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GP Fund Markup Rate Cut to 12.05% for FY2025-26

Service Industries Names New Chairman and CEO

14-Aug-2026
Service Industries Limited has appointed Mr. Hassan Javed as Chairman of its Board of Directors and Mr. Arif Saeed as Chief Executive Officer, according to separate notifications submitted to the Paki...
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Service Industries Names New Chairman and CEO

FCC Grants Relief to KEPZ Companies in Tax Dispute

14-Aug-2026
The Federal Constitutional Court (FCC) has provided temporary relief to companies operating in the Karachi Export Processing Zone (KEPZ) in a legal dispute concerning the imposition of sales tax on el...
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FCC Grants Relief to KEPZ Companies in Tax Dispute

Petrol, Diesel Prices Rise on Independence Day

14-Aug-2026
ISLAMABAD: The federal government has raised petrol prices by Rs0.45 per litre and High Speed Diesel (HSD) by Rs1.16 per litre, taking their revised ex-depot rates to Rs325.43 and Rs383.95 per litre r...
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Petrol, Diesel Prices Rise on Independence Day

FBR Launches Redesigned Tax Return Amid Technical Issues

14-Aug-2026
The Federal Board of Revenue (FBR) has introduced a redesigned income tax return for Tax Year 2026, though taxpayers and tax advisers have reportedly encountered several technical glitches while using...
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FBR Launches Redesigned Tax Return Amid Technical Issues

LESCO, MEPCO Declared Major Privatisation Transactions

12-Aug-2026
ISLAMABAD: The Privatisation Commission (PC) Board has approved an EY-Parthenon-led consortium as the highest-ranked bidder for financial advisory services related to the outsourcing of Lahore and Kar...
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LESCO, MEPCO Declared Major Privatisation Transactions

Petrol Pumps Across Pakistan To Shut From August 15

12-Aug-2026
Petrol pump dealers across Pakistan have announced an indefinite nationwide shutdown from August 15, demanding an increase in their petrol sales margin and warning that stations will remain closed unl...
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Petrol Pumps Across Pakistan To Shut From August 15

President Approves Key Bills on Economy and Taxation

12-Aug-2026
President Asif Ali Zardari has approved several key bills and summaries covering export financing, tax administration and financial recovery, according to an official statement issued on Tuesday.The P...
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President Approves Key Bills on Economy and Taxation
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