The selling rate of Saudi Riyal also moved up accordingly and settled at Rs76.14 after gaining eight paisas in open market. The official currency of Saudi Arabia, denoted as Saudi Riyal or SAR, is divided into 100 halalas. Managed by the Saudi Central Bank, it has been pegged to the US Dollar since 1986, ensuring […]
In a Senate Finance Committee meeting chaired by Saleem Mandviwala, the minister said that the commercial import of vehicles up to five years old will be permitted, subject to a 40% duty, starting September 2025. Additionally, under the baggage scheme, individuals who have resided abroad for at least 700 days will be allowed to import […]
The bids were submitted ahead of a June 19 deadline to acquire up to 100% of Pakistan International Airlines, which has accumulated over $2.5 billion in losses in roughly a decade. Still, following a major restructuring, it posted its first operating profit in 21 years in the year through June 2024. The sale is seen […]
The National Assembly’s Standing Committee on Finance, chaired by Syed Naveed Qamar, convened to discuss the issue of enforcing sales tax registration for non-registered individuals and businesses. Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial revealed that non-registered entities will now receive formal notices, and failure to register will result in the freezing of […]
Addressing a press conference in Karachi, Sindh Minister Syed Nasir Shah said solar taxation must be brought down to zero per cent. Highlighting Sindh’s development achievements, Shah stated that nearly 450 development schemes have been completed in the province, making Sindh the only region to complete the highest number of such projects. “For the upcoming […]
Many European nations have pledged to significantly increase defence budgets in response to Russia’s invasion of Ukraine, and as U.S. President Donald Trump’s administration has threatened to scale back military support for the region. That tension has been notably absent at this week’s Paris Airshow, where U.S. lawmakers and arms manufacturers pledged greater transatlantic partnership […]
As per details available with, Prime Minister Shehbaz Sharif has approved a comprehensive crackdown to curb the artificial hike in sugar prices. Key institutions, including the FIA, the Intelligence Bureau (IB), the Federal Board of Revenue (FBR), the State Bank of Pakistan, and others, have been granted full authority to act. Sources further revealed that […]
Finance Minister Abdul Majid Khan presented the budget estimates for the fiscal year 2025-26 and revised estimates for the current fiscal year in the Legislative Assembly session chaired by the speaker Ch. Latif Akbar. Finance Minister said that the total estimate for the upcoming fiscal year, including development and non-development expenditure, was set at Rs. […]
The selling rate of Saudi Riyal also moved up accordingly and settled at Rs76.08 after gaining eight paisas in open market. The official currency of Saudi Arabia, denoted as Saudi Riyal or SAR, is divided into 100 halalas. Managed by the Saudi Central Bank, it has been pegged to the US Dollar since 1986, ensuring […]
The deputy prime minister was chairing a high-level meeting to review the supply and availability of essential food commodities, especially sugar. He directed the authorities concerned to fully implement the government’s policy of supplying essential food items to the common man at affordable prices. The meeting was attended by the Minister for National Food Security, […]
