10 h. ago China breaks investment record in Punjab with $150M textile project

LAHORE — China has set a new record for the fastest foreign investment in Punjab. Major textile firm Challenge Textile Group will invest $150 million to build Pakistan’s largest advanced textile mill in the province. At a ceremony in Lahore, Bank of Punjab and Challenge Fashion Pvt Ltd signed an MoU to establish a high-tech […]

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11 h. ago Hajj 2026: Designated banks to collect applications on Saturday

KARACHI – To facilitate the collection of Hajj applications from registered applicants of Hajj 2026, the State Bank of Pakistan,

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28 h. ago SBP partners with Japan’s Soramitsu for digital currency rollout: report

In a major step towards digitisation, the State Bank of Pakistan (SBP) is working with Soramitsu, a Japanese blockchain technology developer, to pilot a central bank digital currency (CBDC) in the country this year, reported Nikkei Asia on Tuesday. As per the report, the digital Pakistani rupee pilot will be run on Soramitsu’s CBDC platform […]

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32 h. ago PFMA directed to deposit Rs35 million penalty for illegal price fixing

ISLAMABAD – The Competition Appellate Tribunal (CAT) has upheld the order of the Competition Commission of Pakistan (CCP) against the

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62 h. ago ADB approves $8.32 million to boost Punjab irrigation system

The Asian Development Bank (ADB) has approved $8.32 million in financing to help Punjab improve its irrigation infrastructure and increase water availability for farming. This funding will prepare key projects for smoother implementation and quicker fund disbursement. The money will support five priority projects identified by Punjab’s government in 2019, focusing on upgrading irrigation systems. […]

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4 d. ago Digital finance success hinges on trust, security, and innovation

Jahanzeb Khan, President & CEO of easypaisa digital bank, emphasized the importance of customer trust, robust security, and innovation-driven product design during his participation at the GSMA Digital Nation Summit in Islamabad on Thursday. Speaking at a fireside chat titled “From Cybersecurity to Digital Payments – Ensuring Trust in a Cashless Future,” Jahanzeb highlighted the […]

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5 d. ago Designated banks in Pakistan to collect Hajj applications on Saturday

KARACHI – To facilitate the collection of Hajj applications from registered applicants of Hajj 2026, the State Bank of Pakistan,

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6 d. ago State Bank of Pakistan’s foreign reserves drop by $72 million

KARACHI – Pakistan’s liquid foreign reserves stood at $19,495.6 million as of August 1, 2025. According to the data released

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6 d. ago FBR rolls out new mechanism to deduct ST on online purchases

The Federal Board of Revenue (FBR) has rolled out a new mechanism to deduct sales tax on online purchases, aiming to tighten the noose on e-commerce transactions and ensure better compliance. According to a notification issued by the FBR, amendments have been made to the Sales Tax Rules, 2006, by introducing a new chapter that […]

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7 d. ago Relief for Businesses as FBR restricts arrests to fake invoice cases only

ISLAMABAD — Sigh of relief for the business community as the Federal Board of Revenue (FBR) officially made changes to

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8 d. ago Gold plating solution stolen in daring heist at Hyderabad bangle market

HYDERABAD: Unidentified thieves broke into eight shops in Hyderabad’s Nishat Glass Bangles Market, making off with gold plating solution, raw and finished stock, cash, and valuables worth an estimated Rs2.5 million. The theft was discovered early in the morning when shopkeepers arrived to find their stores looted. Traders quickly realized the theft had affected multiple […]

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8 d. ago PM for end to institutional ‘hurdles, bottlenecks’ to effectively implement FBR reforms

Premier Shehbaz directs use modern technology in customs clearance reform agenda to minimize time required for institutional procedures Stresses to devise a strategy to increase tax-to-GDP ratio through consultation among FBR, relevant federal institutions, and the provinces Set timelines for FBR’s tax collection and other reform targets for the next fiscal year will not be […]

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8 d. ago PM Shehbaz hails FBR reforms as key to rising tax collection

ISLAMABAD – Prime Minister Shehbaz Sharif expressed satisfaction over the rise in tax collection due to reforms in the Federal Board of Revenue (FBR). Chairing a weekly review meeting on FBR reforms, the PM said that the improvement in the tax-to-GDP ratio is encouraging. He pledged full support to the reform efforts and said both the […]

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9 d. ago Cakes & Bakes, Habib Metro, Bank of Punjab among 149 sealed in Lahore

LAHORE—The Lahore Development Authority (LDA) sealed 149 illegal commercial buildings and commercialisation fee defaulter premises in different housing schemes and

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9 d. ago No penalty on Bank Cash Deposits Over Rs2Lac after FBR new changes

ISLAMABAD – A major update for the business community in Pakistan, as the Federal Board of Revenue (FBR) announced that

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3 w. ago Bank Alfalah unveils updated 0% markup installment plan for iPhone 16 series

LAHORE – iPhone is currently the top variant of the Apple phones and it comes with cutting-edge technology and updated

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3 w. ago Pakistan sees 90pc rise in net FDI from China, reaching $1.22bn in FY25

ISLAMABAD: China’s net foreign direct investment (FDI) in Pakistan has soared by 90.4%, reaching $1.22 billion in fiscal year 2024–25, up from $643.2 million recorded in FY 2023–24. According to data released by the State Bank of Pakistan (SBP) and reported by Gwadar Pro, this surge in investment highlights China’s increasing role as one of […]

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3 w. ago Retailer unawareness and weak FBR oversight fuel illegal cigarette boom

ISLAMABAD – A new study by the non-profit group Umeed-i-Sehar has revealed that Pakistan’s illegal cigarette trade is thriving due to poor government outreach and low retailer awareness. The survey, conducted across 2,000 retailers in Karachi, Lahore, and Islamabad, found that 97% had never been contacted by the Federal Board of Revenue (FBR) for compliance […]

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3 w. ago China unveils new measures to boost reinvestment by foreign enterprises

BEIJING: China has introduced a new set of policy measures aimed at encouraging foreign-funded enterprises to reinvest in the country. The measures, detailed in a circular jointly released by seven key government departments, including the National Development and Reform Commission (NDRC), Ministry of Finance, Ministry of Natural Resources, Ministry of Commerce, People’s Bank of China, […]

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3 w. ago Traders all set for nationwide strike tomorrow against FBR powers

ISLAMABAD – A nationwide strike called by traders against the additional powers granted to the Federal Board of Revenue (FBR)

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