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FCC Allows Tax Credits to Offset Super Tax

18-Aug-2026

ISLAMABAD: The Federal Constitutional Court (FCC) has ruled that companies are legally entitled to use eligible tax credits to offset their super tax liabilities, overturning an earlier decision of th...

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FCC Allows Tax Credits to Offset Super Tax

Electricity Tariff May Rise by Rs2.50 Per Unit

18-Aug-2026

ISLAMABAD: Electricity consumers may face an increase of approximately Rs2.50 per unit in tariffs for July 2026 as the government seeks to recover more than Rs34 billion from consumers of distribution...

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Electricity Tariff May Rise by Rs2.50 Per Unit

FBR Demonstrates New Tax Return Features to KTBA

18-Aug-2026

KARACHI: The Federal Board of Revenue (FBR) Domain Team has demonstrated several features of the income tax return filing system to representatives of the Karachi Tax Bar Association (KTBA), including...

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FBR Demonstrates New Tax Return Features to KTBA

Punjab Abolishes 101 BS-17 Section Officer Posts

16-Aug-2026

LAHORE: The Punjab government has eliminated 101 posts of Section Officers (BS-17) across multiple provincial administrative departments and the South Punjab Secretariat, The News reported, citing a n...

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Punjab Abolishes 101 BS-17 Section Officer Posts

Punjab Grocers Reject Rs2 Per Kg Profit Margin

16-Aug-2026

LAHORE: A new disagreement has emerged between the Punjab Grocery Merchants Association (PGMA) and the provincial government over a proposed fixed profit margin of only Rs2 per kilogramme on grocery p...

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Punjab Grocers Reject Rs2 Per Kg Profit Margin

Federal Government Begins Defined Contribution Pension Scheme

16-Aug-2026

ISLAMABAD: The Ministry of Finance has instructed all federal ministries and divisions to begin implementing the Federal Government Defined Contribution (DC) Pension Fund Scheme-2024, signaling that t...

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Federal Government Begins Defined Contribution Pension Scheme

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

Latest Updates

FCC Allows Tax Credits to Offset Super Tax

Electricity Tariff May Rise by Rs2.50 Per Unit

FBR Demonstrates New Tax Return Features to KTBA

Punjab Abolishes 101 BS-17 Section Officer Posts

Punjab Grocers Reject Rs2 Per Kg Profit Margin

Federal Government Begins Defined Contribution Pension Scheme

FBR Tightens Penalties for Delayed Customs Clearance

Petroleum Dealers’ Margin Raised to Rs9.98 Per Litre

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

Service Industries Names New Chairman and CEO

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