Aftab Maken ISLAMABAD: There is a strong possibility that the federal government will maintain the current slabs of tax and duty on vehicles in the upcoming Budget 2025-26. Despite several proposals under consideration, the current import duties on automobiles are likely to stay unchanged, sources familiar with the development told …
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Aftab Maken After the announcement of a ceasefire between Pakistan and India, the Pakistan Stock Exchange (PSX) experienced a historic surge in trading activity of the opening day of the week. All the previous records of market gains were shattered, signaling renewed investor confidence and economic optimism. According to PSX …
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National Assembly Standing Committee on Finance on Friday deliberated on the Federal Board of Revenue’s (FBR) request for expanded powers aimed at addressing significant tax evasion in major sectors. FBR Chairman Rashid Langrial briefed the committee, pointing out that while the FBR holds monitoring authority under sales tax regulations, it …
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Aftab Maken Jazz, Pakistan’s largest telecom operator, finds itself at the center of a growing controversy amid accusations of using inflated tariffs and poor services to cover its staggering Rs 50 billion spectrum debt. Despite its bold claims of championing “digital inclusion,” industry insiders and internal records paint a different …
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Federal Minister for Finance, Senator Muhammad Aurangzeb, has left for London on an official visit. The visit is aimed at engaging with British authorities, investors, financial institutions, investment banks, business firms, and other organizations. During the visit, the finance minister will also participate in various investment forums and seminars, where …
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The country’s trade deficit during the period from July 2024 to April 2025 increased by 8.81%, surpassing the $21.35 billion mark, says an official data released by PBS here on Friday. The data further revealed that the trade deficit also surged in April, by 55.20% on a monthly basis to …
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Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, reaffirmed Pakistan’s strong commitment to macroeconomic stability, structural reforms, and investor confidence. The finance minister said this during the two high-level Zoom meetings held on Friday — one with the Overseas Investors Chamber of Commerce & Industry (OICCI) and the other …
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The Federal Board of Revenue (FBR), under the jurisdiction of Regional Tax Office-II, carried out a major operation and uncovered alleged tax evasion exceeding Rs 100 million by a well-known fashion brand. As part of the operation, four of the brand’s outlets were sealed. In an official statement, the FBR …
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Federal Finance Minister Muhammad Aurangzeb has stated that Pakistan’s economic stability is evident to the world. He emphasized that the rising volume of imports remains a major challenge. However, he expressed hope that, God willing, this would be the last program with the International Monetary Fund (IMF) — a goal …
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Tensions between the Chairman of the Higher Education Commission (HEC), Dr. Mukhtar Ahmed, and Executive Director Dr. Zia-ul-Qayyum have escalated significantly. With only three months remaining in the extended tenure of Chairman Dr. Mukhtar Ahmed, he has issued three explanation letters to Dr. Zia-ul-Qayyum. Following these communications, a meeting of …
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