Government to Gradually Cut Super Tax for Manufacturers, Introduce Key Industrial Reforms According to reliable sources, the government plans to gradually reduce the super tax rate for the manufacturing sector to 5% over the next four years. If the country achieves a primary fiscal surplus by the fifth year, the super tax will be eliminated. […]
Pakistan and Poland Discuss Energy Cooperation and Investment Opportunities Islamabad — Federal Minister for Petroleum Ali Pervaiz Malik met with Polish Ambassador to Pakistan Maciej Pisarski to discuss ways to strengthen cooperation in Pakistan’s petroleum and mineral sectors. During the meeting, both officials explored opportunities for technology transfer, joint ventures, and attracting more foreign investment […]
Remittances Boost Pakistan’s Economy as Major Overseas Workers Send More Money Home ISLAMABAD — Pakistan has kicked off the new fiscal year 2025-26 on a positive note with a significant rise in remittances, the central bank announced. The inflows mainly came from key overseas employment hubs, with Saudi Arabia leading the way, contributing $823.7 million. […]
Fresh Seafood from Pakistan Arrives in Urumqi, Boosting Regional Trade Urumqi, Xinjiang — The first shipment of fresh seafood from Pakistan has arrived at Urumqi Tianshan International Airport, marking the reopening of the airport’s dedicated inspection site for imported aquatic products. The shipment, weighing 1,292 kilograms, included popular varieties such as black pomfret, prawns, hairtail, […]
Consumers Shift to Cheaper Brands as WK Kellogg Faces Sales Pressure Amid Tariff Uncertainty Customers are tightening their wallets and turning away from branded packaged foods, opting instead for more affordable private-label alternatives. This shift comes amid growing concerns over consumer spending, influenced in part by U.S. President Donald Trump’s unpredictable tariff policies. WK Kellogg […]
Sindh to Link Vehicle Number Plates with Owners’ CNICs KARACHI – The Sindh cabinet has approved a new vehicle registration system that will link number plates to the owner’s Computerised National Identity Card (CNIC) instead of the vehicle chassis, in a bid to modernise the province’s transport framework. The decision was made during a cabinet […]
ECNEC Clears Major Road Projects for Sindh, Including Hyderabad-Sukkur Motorway ISLAMABAD – The Executive Committee of the National Economic Council (ECNEC) has approved a series of major infrastructure projects in Sindh, including the long-awaited Hyderabad-Sukkur Motorway. The project will be completed in five sections, with the first three—covering 180 kilometres—financed through a loan from the […]
As per sources, the non-protected status, which currently applies to anyone using even one unit above 200 units, may soon be revised to only apply to consumers using 301 units or more. This change would offer relief to thousands of households in Pakistan who barely cross the 200-unit mark and are then subjected to much […]
During the meeting, the KPRA team discussed matters related to Sales Tax on Services. During the session, the Assistant Collector advised all wedding hall owners to ensure the timely payment of tax and accurate submission of their monthly sales tax returns by law. Participants were briefed on the recent amendments to the Khyber Pakhtunkhwa Sales […]
Pakistan’s Economic Outlook: Foreign Reserves Stable, Exports Rise, but Trade Deficit Widens ISLAMABAD – Pakistan’s economy is showing signs of stability, but challenges remain as the country grapples with a growing trade deficit, according to the latest official updates. Speaking at an event in Islamabad on Thursday, the Minister of State for Finance revealed that […]
