ISLAMABAD: Prime Minister Shehbaz Sharif has approved the establishment of a Centralised Litigation Management System (CLMS) along with a nationwide overhaul of the tax machinery’s legal system to ensure faster disposal of genuine tax cases. Task Force Behind Key Reforms The decision was taken on the recommendations of a task force led by former Inland […]
PM Shehbaz Approves New Tax Litigation System Read More »
The Directorate General of Customs Valuation, Karachi, has revised the customs values for imported biaxially oriented polypropylene (BOPP) films after more than ten years. The authority issued a new valuation ruling for imports coming from the United States, China, Canada, and Europe. Old Valuation No Longer Reflects Market Prices Customs officials last set the valuation
FBR Revises Import Rates for BOPP Films After 10 Years in Pakistan Read More »
GameStop has made an surprising offer to acquire eBay in a deal valued at approximately $56 billion, marking one of the most unexpected takeover attempts in recent years. The proposal, revealed on May 3, includes an offer of $125 per share, structured as a 50-50 mix of cash and stock. The bid represents a premium
GameStop Offers $56 Billion to Buy eBay Read More »
The federal government is preparing new reforms to strengthen Pakistan’s real estate sector, with a clear focus on increasing investment and improving transparency. These reforms aim to make the property market more structured, investor-friendly, and aligned with broader economic goals. A key part of the strategy is to expand the role of Real Estate Investment
Pakistan’s Property Market Set for Big Changes as Govt Targets Investment Surge Read More »
The federal government has imposed a new petroleum levy on high-speed diesel (HSD) while slightly reducing the levy on petrol. The decision was announced through a late-night notification issued by the Petroleum Division and came into effect on May 1, 2026. This move is part of the government’s ongoing efforts to adjust fuel taxes and
Diesel Tax Raised by Rs. 28.7/Litre in Late-Night Move, Petrol Levy Reduced Read More »
Prime Minister Shehbaz Sharif has approved a one-month extension of the fuel subsidy for motorcyclists and public and goods transport, aiming to provide relief to low-income groups. The decision comes as the government tries to reduce the financial burden on citizens amid rising fuel prices and ongoing economic pressure. The prime minister also directed authorities
Fuel Crisis Continues as Petrol Subsidy Gets 30-Day Extension Read More »
Global oil prices jumped sharply on Thursday morning (Pakistan Standard Time), with crude النفط crossing $120 per barrel as geopolitical tensions in the Middle East continued to disrupt supply. The surge comes amid a combination of factors, including the exit of the United Arab Emirates from OPEC and ongoing tensions involving Donald Trump’s stance on
Oil Surges Above $120 After UAE Exit, Hormuz Crisis Deepens Read More »
Foreign investors sent $102.4 million in profits and dividends out of Pakistan in March 2026, according to data released by the State Bank of Pakistan (SBP). This brought the total outflow to $1.778 billion during the first nine months (July–March) of the fiscal year 2025-26. On a yearly basis, repatriation in March declined by 35.1
Foreign Investors Pull $1.7 Billion Out of Pakistan in 9 Months Read More »
Foreign participation in Pakistan’s corporate sector remained stable in the first quarter of 2026. A total of 220 companies with foreign shareholders were registered, with paid-up capital of Rs. 657 million. This is slightly higher than Rs. 642 million recorded in the same period last year, showing steady investor confidence. SECP Data Shows Broad Corporate
Pakistan Attracts 220 Foreign Firms with Rs. 657 Million Investment in Q1 2026 Read More »
The Federal Board of Revenue (FBR) has suspended a Deputy Director of the Customs Academy of Pakistan (CAP), Karachi after he failed to attend a mandatory training course at Lahore University of Management Sciences (LUMS). According to an official notification issued on Wednesday, the FBR used its authority under Rule 5(1) of the Civil Servants
FBR Suspends Senior Customs Officer Over Missing Mandatory Training at LUMS Read More »