Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 19,612.2 million as of 5-Dec-2025. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Business Leaders Warn of Industrial Collapse Amid Exorbitant Gas Bills
PM urged to take urgent notice of anti-industry move, freeze controversial levy KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) and all seven industrial town associations and textiles exporters’…
PCDMA Chief Criticizes SBP for Maintaining 11% Interest Rate
Karachi: Salim Valimuhammad, Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has expressed strong disappointment over the State Bank of Pakistan’s (SBP) decision to maintain the policy interest…
Finance Minister Aurangzeb to Present Rs17.6 Trillion Federal Budget Amid Economic Challenges
ISLAMABAD: Finance Minister Muhammad Aurangzeb is set to present the federal budget for the fiscal year 2025-26 in the National Assembly on Tuesday, as the coalition government aims to stabilize…
Pakistan Set to Announce Federal Budget FY26 with Focus on Fiscal Consolidation and IMF Commitments
KARACHI: Pakistan’s government is poised to unveil its Federal Budget for Fiscal Year 2026 (FY26) on June 2, 2025, marking a third consecutive year of primary surplus as part of…
Pakistan Unveils Major Auto and Tariff Policy Reforms to Boost EV Adoption and Reduce Costs
KARACHI: In a landmark move aimed at transforming Pakistan’s automotive sector, the federal government has announced sweeping reforms under its new auto and tariff policies, as part of commitments made…
MNA Arshad Vohra Urges Stronger Collaboration with KCCI for a Pro-Business Federal Budget
KARACHI: Member National Assembly (MNA) Arshad Abdullah Vohra has called on the Karachi Chamber of Commerce and Industry (KCCI) to share its comprehensive proposals for the upcoming Federal Budget 2025–26.…
Will IMF allow tax reduction on cigarettes and beverages
The tobacco industry has placed two major demands before the government ahead of the upcoming budget: the introduction of a third tax tier with a reduced rate of Rs2,525 per…
SBP has received 2nd Tranche from IMF under EFF program
IMF Executive Board completed the first review under the Extended Fund Facility (EFF) in its meeting held on 09May2025, and approved disbursement of SDR 760 million for Pakistan. Accordingly, SBP…
Pakistan’s Historic Victory Over India: A New Era of Pride and Global Standing
The morale of the Pakistani Armed Forces and its people has soared to unprecedented heights following a historic victory over India. This triumph has not only reinforced national pride but…
Tobacco Taxes Inadvertently Fuel Illicit Tobacco Trade
A growing debate in Pakistan questions whether raising tobacco taxes is the right approach to reducing smoking rates. While higher taxes are intended to deter consumption, Fawad Khan, spokesperson for…
FBR Fails to Meet October 2024 Tax Revenue Target
Islamabad: The Federal Board of Revenue (FBR) has missed its October 2024 tax revenue target.
Gas suspension to CPPs under IMF’s agreement to trigger widespread closure of industries, warns Bilwani
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani, while expressing sheer dismay over the government’s decision to suspend gas supply to Captive Power Plants (CPPs) by…
FBR extends deadline for filing income tax returns till October 14th
KARACHI: The Federal Bureau of Revenue (FBR) has extended the deadline for submitting tax returns for the financial year 2024 to October 14, a 14-day extension. This extension is in…
SBP has received SDR 760 million (equivalent to US$ 1026.9 million) from IMF
Following the approval of the IMF Executive Board of 37-month Extended Fund Facility amounting to US$7 billion, SBP has received the first tranche of SDR 760 million (equivalent to USD…
Current account surplus likely – can Pakistani currency appreciate?
After experiencing significant depreciation in FY23, the local currency has regained ground over the last four quarters, supported by the IMF Stand-by agreement, contained current account deficit and reduced political…
Review of Overseas Trade Missions’ Performance Underway, Minister of Commerce Jam Kamal Khan Meets with Zubair Tufail
Karachi: Federal Minister for Commerce Jam Kamal Khan assured on behalf of the Ministry of Commerce and the Government of Pakistan that the current government is prioritizing the resolution of…
Celebrating Independence Day with Renewed Resolve: Pakistan’s Fight Against Smuggling
Special Report Independence Day 14 August KARACHI: On August 14, 2024, the people of Pakistan celebrated Independence Day with great zeal and fervor. Amidst the celebrations, Pakistan Customs, under the…
Perturbed business community pressurizes KCCI to call strike, says Iftikhar Sheikh
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has said that only those issues brought forcefully into the limelight either through street protests or strikes receive…
KCCI urges govt to revisit, rationalize anti-business taxation measures, energy tariffs Stop pleasing IMF by compromising exports: Iftikhar Sheikh
KARACHI: Keeping in view the perpetually intensifying hardships being suffered by small traders, industrialists, exporters, salaried class, daily wagers and many other segments due to harsh taxation measures, unbridled discretionary…