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SBP Caps Card Charges at Petrol Pumps

04-Aug-2026
The State Bank of Pakistan (SBP) has introduced a cap on bank charges for card payments at fuel stations, fixing the Merchant Discount Rate (MDR) at Rs1.00 per litre and the Interchange Reimbursement ...
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SBP Caps Card Charges at Petrol Pumps

Petroleum Sales Rise Sharply in July

03-Aug-2026
Pakistan's Oil Marketing Companies (OMCs) recorded a strong recovery in July 2026, with total industry sales of petroleum products increasing 23.3% year-on-year to 1.51 million tons, compared with 1.2...
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Petroleum Sales Rise Sharply in July

FBR Announces Major IRS Reshuffle

03-Aug-2026
The Federal Board of Revenue (FBR) has transferred and posted nearly 200 officers of the Inland Revenue Service (BS-18 to BS-20) with immediate effect as part of its ongoing transformation plan and in...
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FBR Announces Major IRS Reshuffle

Pakistan July Inflation at 9.2%

03-Aug-2026
Pakistan's Consumer Price Index (CPI) rose 9.2% year-on-year in July 2026, easing from 11.1% in June but remaining significantly higher than the 4.1% recorded in July 2025, according to the latest fig...
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Pakistan July Inflation at 9.2%

OGRA raises LPG Cylinder Price Rises by Rs152

01-Aug-2026
The Oil and Gas Regulatory Authority (OGRA) has increased liquefied petroleum gas (LPG) prices for August 2026, raising the cost of an 11.8kg domestic cylinder by Rs152.01 from August 1. The regulator...
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OGRA raises LPG Cylinder Price Rises by Rs152

FTO Urges Faceless Tax Refund System

01-Aug-2026
The Federal Tax Ombudsman (FTO) has recommended that the Federal Board of Revenue (FBR) introduce a Faceless Income Tax Refund System to automate the processing of eligible tax refunds and transfer ap...
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FTO Urges Faceless Tax Refund System

FBR Forms Three Tax Scrutiny Committees

01-Aug-2026
The Federal Board of Revenue (FBR) has established three Independent Case Scrutiny Committees (ICSCs) in Islamabad, Lahore and Karachi to curb unnecessary tax litigation, promote consistency in legal ...
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FBR Forms Three Tax Scrutiny Committees

Fuel Prices Reduced From August 1

01-Aug-2026
ISLAMABAD: The federal government on Friday announced a minor reduction in petroleum prices under its revised pricing mechanism, cutting the price of high-speed diesel (HSD) by Rs0.66 per litre and mo...
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Fuel Prices Reduced From August 1

Mobile Accessories Customs Values Revised

31-Jul-2026
KARACHI: The Directorate General of Customs Valuation has issued a fresh ruling revising customs values for mobile phone accessories, replacing the previous valuation that had remained in force for mo...
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Mobile Accessories Customs Values Revised

Customs Revises Polyester Yarn Values

31-Jul-2026
1. Intensely Rephrased Content (Same Length)The Directorate General of Customs Valuation has issued a new valuation ruling revising customs values for Polyester Filament Yarn, replacing the previous d...
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Customs Revises Polyester Yarn Values
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