Sugar prices in Pakistan are still high, ranging from Rs164 to Rs180 per kilogram in many cities, even after the government ordered rates to drop below Rs164 per kg. Official warnings and actions against hoarding have had little effect.
Rauf Ibrahim, President of the Karachi Wholesalers Read More...
On Friday, the Economic Coordination Committee (ECC) of the Cabinet, led by Finance Minister Muhammad Aurangzeb, agreed to gradually shift the State Bank of Pakistan’s (SBP) Long-Term Financing Facility (LTFF) portfolio, worth Rs330 billion, to the Export-Import Bank of Pakistan (Exim Bank). Read More...
Pakistan Railways earned a record Rs88 billion in 2024, a 40% increase from the previous year, thanks to adding 10 new freight trains, increasing coach capacity, and improving services like executive washrooms and dining lounges.
A government review reported Rs33 billion in revenue for the Read More...
The International Monetary Fund (IMF) has tentatively agreed to lower the withholding tax (WHT) on property purchases by 2% starting April 2025, while keeping the tax rates for property sellers unchanged, according to The News.
This follows a request from the Federal Board of Revenue (FBR) Read More...
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The State Bank of Pakistan (SBP) has scheduled a three-day closure for Eid-ul-Fitr 2025, keeping its offices shut from Monday, March 31, to Wednesday, April 2, 2025, to mark the holiday.
In a statement released on Friday, the central bank confirmed the shutdown, aligning with the federal Read More...
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Following instructions from Federal Tax Ombudsman Dr. Asif Mahmood Jah, a new Diplomatic Grievances Redressal Cell has been created to help foreign embassies in Pakistan with tax matters related to the Federal Board of Revenue (FBR). The cell is designed to handle tax issues for diplomatic staff Read More...
The Federal Board of Revenue (FBR) has started looking into possible issues with the online Customs clearance system, which works with Pakistan Single Window (PSW), after finding 2,382 changes made to transhipment permits (TPs) over the last five years. The FBR has asked the Director General of Read More...
Pakistan’s banking sector saw deposits climb to Rs31.03 trillion in January 2025, a 12.6% increase from the previous year, based on data from the State Bank of Pakistan (SBP) released Thursday. Compared to the prior month, deposits grew by 2.4%, showing steady growth in the financial Read More...
Pakistan has managed to lower the customs valuation of its rice exports to Kenya from $615 to $460 per metric ton, making its rice more competitive in the Kenyan market and boosting trade between the two countries.
A news report states that this change came after Pakistani rice exporters Read More...
The Securities and Exchange Commission of Pakistan (SECP) released a consultation paper on Wednesday, asking for public comments on a proposed policy for issuing ordinary shares with different rights and privileges. The goal, as stated in a press release, is to improve corporate governance, Read More...
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