Business

Rise in petroleum levy deprives public of full oil price relief

Rise in petroleum levy deprives public of full oil price relief

The federal government has increased the levy on petrol by Rs6.22 per liter with effect from July 2, 2026, depriving…
Pakistan’s electric vehicle count projected to reach 2.2 million by 2030

Pakistan’s electric vehicle count projected to reach 2.2 million by 2030

Pakistan is expected to witness a significant rise in the adoption of electric vehicles (EVs), with the total number of…
FBR issues notices to 421 textile spinning units over production monitoring compliance

FBR issues notices to 421 textile spinning units over production monitoring compliance

The Federal Board of Revenue (FBR) has intensified its enforcement drive against tax non-compliance by issuing notices to 421 textile…
Pakistan’s weekly inflation falls by 0.98%

Pakistan’s weekly inflation falls by 0.98%

Pakistan’s weekly inflation registered a modest decline during the latest reporting period, offering some relief to consumers. However, the cost…
SECP expands PM’s Apna Ghar Programme with Rs10m home loan facility

SECP expands PM’s Apna Ghar Programme with Rs10m home loan facility

Pakistan’s housing finance sector is set for a major expansion after the federal government approved the inclusion of non-bank financial…
PM’s maritime reforms: 85 of 99 action points completed in 18 months

PM’s maritime reforms: 85 of 99 action points completed in 18 months

In a significant achievement, the Reform Implementation Committee has completed 85 of the 99 action points under the prime minister’s…
Salaried employees contribute Rs633bn in taxes, outpacing exporters, retailers and real estate combined

Salaried employees contribute Rs633bn in taxes, outpacing exporters, retailers and real estate combined

ISLAMABAD: Pakistan’s salaried class paid Rs633 billion in income tax during the 2025-26 fiscal year, exceeding the combined tax contribution…
Pakistan’s textile exports fall 22.6% month-on-month in June despite annual growth

Pakistan’s textile exports fall 22.6% month-on-month in June despite annual growth

KARACHI: Pakistan’s textile exports fell sharply in June 2026, declining 22.63 per cent compared with the previous month, according to…
PSX gains 3.22pc in a week as KSE-100 closes above 185,000

PSX gains 3.22pc in a week as KSE-100 closes above 185,000

KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange posted strong gains during the week, rising 3.22 percent. The…
FM Aurangzeb calls for fully digitalised taxation system

FM Aurangzeb calls for fully digitalised taxation system

Federal Finance Minister Muhammad Aurangzeb visited the Faisalabad Chamber of Commerce and Industry (FCCI) to hear about key challenges being…
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