Deadline for Income Tax Returns Extended Till October 15 ISLAMABAD – The federal government has granted taxpayers an additional 15 days to file their Income Tax Returns, extending the deadline to October 15. The Federal Board of Revenue (FBR) confirmed the extension through an official notification. According to FBR sources, around 400,000 taxpayers have already […]
ADB Warns Flood Risks Threaten Pakistan’s Economic Growth Islamabad — The Asian Development Bank (ADB) has cautioned that recurring natural disasters, particularly floods, continue to threaten Pakistan’s economic stability despite signs of recovery. In its latest Asian Development Outlook report, the ADB projected Pakistan’s GDP growth to hover around 3% in FY2026, with inflation expected […]
PKR Shows Mixed Trends Against Major Currencies Amid Global Market Fluctuations Karachi: The Pakistani Rupee (PKR) experienced minor shifts against major international currencies in the latest interbank market update, reflecting global economic movements and steady remittance inflows supporting local currency stability. According to data derived from the weighted average of closing interbank rates for the […]
Gold Hits Historic High of Rs400,000 per Tola in Pakistan Karachi: Gold prices in Pakistan surged to record levels on Monday, with domestic rates crossing the Rs400,000 mark per tola for the first time in history, according to the All Pakistan Sarafa Gems and Jewellers Association. The price of 24-karat gold jumped by Rs5,900 per […]
China Launches New Visa to Attract Global STEM Talent Amid U.S. Trade Tensions Beijing is rolling out a new visa program aimed at attracting foreign talent, signaling its openness to investment and skilled workers as trade tensions with the U.S. cloud the country’s economic outlook. Despite having a strong pool of local engineers, China is […]
PIA Offers Discounted Tickets to Canada Amid Temporary Flight Suspension Pakistan International Airlines (PIA) has announced a special discount for passengers traveling to Canada. Travelers can book discounted tickets until October 10, with travel dates valid from September 30 to December 19. The move comes after PIA temporarily suspended its flights to Canada from September […]
NEPRA to Hear CPPA Petition on Electricity Tariff Hike, Impacting K-Electric Consumers ISLAMABAD/KARACHI – The Central Power Purchasing Agency (CPPA) has submitted a petition to the National Electric Power Regulatory Authority (NEPRA), which is scheduled for a public hearing today. The proposed monthly adjustment would also affect K-Electric consumers. According to CPPA data, Pakistan generated […]
Petrol and Diesel Prices Set to Increase in Pakistan from October 1 ISLAMABAD – Petrol and other petroleum products in Pakistan are expected to become more expensive starting October 1, 2025, as authorities plan modest price hikes. According to reliable sources, the price of petrol is likely to rise by Rs1.97 per litre. High-Speed Diesel […]
Toyota Workers Approve Layoffs After Storm Damage Halts Production in Brazil São Paulo – Toyota workers in Brazil have approved a temporary layoff plan after a powerful storm severely damaged the company’s engine factory in Porto Feliz earlier this month. The facility, which supplies engines for several models, was hit by heavy rain and winds […]
FBR to Intensify Tax Audits, Remove Market Value Column from Returns Islamabad – The Federal Board of Revenue (FBR) is set to tighten audits of income tax returns filed by the business community, officials confirmed. According to FBR sources, taxpayers who underreport their income, hide wealth, or submit false or misleading details will face strict […]
