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FBR Withdraws EFS 2021 for Iron & Steel Scrap to Tighten Tax Rules

26-Feb-2025
The Federal Board of Revenue (FBR) has rescinded the Export Facilitation Scheme (EFS) 2021 for importers of iron and steel scrap, aiming to curb misuse and enforce stricter tax regulations. This chang...
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FBR Withdraws EFS 2021 for Iron & Steel Scrap to Tighten Tax Rules

FBR Launches Centralized Customs System to Speed Up Import Clearance

26-Feb-2025
Between June and November 2024, the State Bank of Pakistan (SBP) acquired $4.98 billion from the interbank market to bolster its foreign exchange reserves and address debt obligations, according to re...
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FBR Launches Centralized Customs System to Speed Up Import Clearance

SBP Buys $4.98B to Strengthen Reserves Amid Debt Challenges

26-Feb-2025
Between June and November 2024, the State Bank of Pakistan (SBP) acquired $4.98 billion from the interbank market to bolster its foreign exchange reserves and address debt obligations, according to re...
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SBP Buys $4.98B to Strengthen Reserves Amid Debt Challenges

Fuel Price Update. Petrol Set to Rise, HSD Sees Change

26-Feb-2025
From March 1, petrol prices are anticipated to rise by approximately Rs4 to Rs4.50 per litre, while high-speed diesel (HSD) may experience a slight reduction, reflecting global oil price movements and...
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Fuel Price Update. Petrol Set to Rise, HSD Sees Change

Pakistan’s Trade Deficit with Regional Neighbours Expands by 40.42% in First Seven Months of FY25

26-Feb-2025
Pakistan's trade deficit with its nine neighboring countries surged by 40.42%, reaching $6.379 billion in the first seven months of FY25, compared to $4.543 billion in the same period last year. The w...
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Pakistan�s Trade Deficit with Regional Neighbours Expands by 40.42% in First Seven Months of FY25

FTO Orders 18 percent Sales Tax on Solar Net Metering, A Game Changer for Power Consumers

25-Feb-2025
The Federal Tax Ombudsman (FTO) has instructed power distribution companies (DISCOs) to impose an 18% sales tax on electricity provided to solar net metering customers, citing a significant revenue de...
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FTO Orders 18 percent Sales Tax on Solar Net Metering, A Game Changer for Power Consumers

Cotton Market Under Pressure as Prices Fluctuate in Sindh and Punjab

25-Feb-2025
The local cotton market faced continued pressure on Monday, extending its downward trend from previous weeks. Trading activity remained subdued as market participants adopted a cautious approach amid ...
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Cotton Market Under Pressure as Prices Fluctuate in Sindh and Punjab

SPI Update. Mild Inflation, Food Prices Rising and Transport Costs Climbing

22-Feb-2025
For the week ending February 20, 2025, the Sensitive Price Indicator (SPI) saw a modest weekly increase of 0.27%, signaling a slight rise in inflation. On a yearly basis, the SPI grew by 1.2%, which i...
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SPI Update. Mild Inflation, Food Prices Rising and Transport Costs Climbing

IMF Commends Pakistan Efforts in Governance and Corruption Reform

22-Feb-2025
The International Monetary Fund (IMF) has expressed its appreciation for Pakistan’s dedication to conducting a Governance and Corruption Diagnostic Assessment (GCD) and anticipates ongoing collaborati...
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IMF Commends Pakistan Efforts in Governance and Corruption Reform

Pakistan Lowers NPC Returns Amid Policy Rate Cuts

21-Feb-2025
The federal government has announced a reduction in the returns on Conventional Naya Pakistan Certificates (NPCs), following a significant decline in the policy rate over the past six months. This mar...
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Pakistan Lowers NPC Returns Amid Policy Rate Cuts
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