The federal government plans to levy a 2% to 10% Automotive Development Levy on traditional vehicles while maintaining preferential sales tax rates for new energy vehicles.
The federal cabinet’s legislative review committee has approved amendments to Pakistan’s foreign exchange laws, changes to Armed Forces retirement leave arrangements, and a legal package transferring plant protection functions to a new regulatory authority.
The Federal Board of Revenue (FBR) has separated the administration of sales tax and Federal Excise Duty (FED) from income tax, posting 54 Inland Revenue officers to a newly created wing as part of its proposed restructuring.
The Federal Board of Revenue’s (FBR) surprise competency tests for officers have sparked serious questions over their legality, transparency and credibility.
Pakistan will offer investors clear and uniform fiscal terms for mining projects, without requiring "case-by-case" negotiations, Petroleum Minister Ali Pervaiz Malik said on Friday, as the government sought to attract long-term investment in the country's mineral sector.
Pakistan LNG Limited (PLL) has invited international suppliers to bid for two liquefied natural gas (LNG) cargoes scheduled for delivery in December 2026 and January 2027 as the country prepares for higher winter gas demand.
The State Bank of Pakistan (SBP) has paid Rs 1.932 trillion in profits to the federal government, nearly Rs 500 billion above the revenue target set for the entire FY27 fiscal year.
The State Bank of Pakistan (SBP) has directed commercial banks to increase women’s share of their workforce from the current 17 percent to 22 percent by December 2028.
Pakistan’s overall car sales jumped sharply in October 2026, but Toyota and Honda moved in the opposite direction as both automakers recorded year-on-year declines.
Mobilink Bank, one of the largest microfinance Banks in Pakistan, has signed a Sale Purchase Agreement (SPA) to acquire 82.51% shareholding in Apna Microfinance Bank Limited (Apna Bank), subject to applicable legal and regulatory approvals.
The government on Thursday reduced the price of petrol by Rs3 per litre and that of high-speed diesel (HSD) by Rs4, marking the eighth consecutive decrease.
Punjab Chief Minister Maryam Nawaz said on Thursday that there was “significant evidence” of “sufficient quantities” of placer gold flowing in the province’s five rivers.
The Public Accounts Committee (PAC) on Tuesday proposed deferring the privatisation of power companies, expected to take place in January, until their assets, machinery, land and other properties are properly assessed and revalued to prevent potential losses to the national exchequer.
The country’s Public Sector Development Programme (PSDP) spending in the first four months of the current fiscal year struggled at only 10 per cent of the annual allocation.
Anthropic, the artificial intelligence (AI) company behind the Claude chatbot, could be valued at around $1.3 trillion (£1 trillion) when it lists its shares for sale on New York's Nasdaq stock exchange.
Pakistan’s Public Accounts Committee (PAC) has raised concerns over the failure to identify and tag Rs 624 billion worth of assets belonging to power distribution companies (DISCOs), warning that incomplete records and valuations could expose public property to theft and undermine the planned privatization process.
The federal government spent only Rs 103.87 billion, or 10.39 percent, of its Rs 1 trillion development budget during the first four months of fiscal year 2026-27, according to official documents.
The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Tuesday approved proposals concerning the appointment of a chairman/independent director at National Engineering Services Pakistan (NESPAK), the reconstitution of the board of Hyderabad Electric Supply Company (HESCO) and the appointment of an independent director to the board of Sukkur Electric Power Company (SEPCO), according to a statement issued by the Ministry of Finance.
