Pakistan’s oil import bill grew marginally by one percent year-on-year during the first half of the current fiscal year, reaching eight point zero eight billion dollars, as reported by the Pakistan Bureau of Statistics.
Crude oil imports rose by three point zero three percent in value and Read More...
The World Bank has raised concerns about significant risks associated with its twenty billion dollar Country Partnership Framework for Pakistan, which spans the next decade. The framework aims to support long-term development but faces challenges from political uncertainty, governance issues, Read More...
The US sanctions on Iran have had a devastating impact on Pakistani exports to the neighboring country, with exports dwindling to a mere $20,000 in the last fiscal year. This significant decline is largely attributed to the unavailability of banking channels, which has posed a major hurdle for Read More...
The State Bank of Pakistan’s Monetary Policy Committee (MPC) will convene on Monday, January 27, 2025, to deliberate on the country’s monetary policy. The central bank confirmed that SBP Governor Jameel Ahmad will announce the committee’s decision in a press conference following the Read More...
The Economic Coordination Committee (ECC) has approved a change in the timeline for annual electricity tariff rebasing, setting January as the adjustment month starting in 2025. The decision, made during a meeting chaired by Finance Minister Senator Muhammad Aurangzeb, aims to address consumer Read More...
The Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to establish a dedicated tax office in Gwadar. The move is deemed essential to address rising economic activity and compliance challenges faced by local taxpayers in Gwadar, Turbat, and nearby regions. In a Read More...
The Federal Board of Revenue (FBR) has been urged to make a definitive and clear decision by explicitly stating in the law that the tax rebate for full-time teachers was valid until the tax year 2024.
The Federal Tax Ombudsman (FTO) issued these directives to the FBR after receiving Read More...
The Customs Appellate Tribunal has rejected an appeal filed by the Collectorate, affirming the decision of the Collector Adjudication to release a confiscated vehicle upon payment of a redemption fine and penalty.
The case originated when Customs officials, during a routine road check, Read More...
Exchange companies have contributed 4 billion dollars to Pakistan remittance inflows during the first half of the ongoing fiscal year FY25. Of this, 2 billion dollars were sold to banks, while another 2 billion dollars were used in the open market.
The crackdown on unauthorized currency Read More...
Pakistan IT sector recorded the highest monthly exports ever at 348 million dollars in December 2024. This reflects a 15 percent increase compared to December of the previous year according to data from Topline Pakistan Research.
Exports from the IT sector also rose by 12 percent compared Read More...
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