Punjab to Set Up Unified Tax Authority on FBR Model
Punjab government plans to establish a unified tax authority on the FBR model, aiming to enhance revenue collection by 46% in FY 2026-27 through reforms and digitization.
Category : Business
Heavy Rain Paralyzes Rawalpindi, Drains Overwhelmed
A 30-minute pre-monsoon downpour brought Rawalpindi to a standstill, flooding roads, disrupting traffic, and exposing inadequate drainage despite Rs80 million spent on cleaning.
IHC Suspends Property Tax Notice in Islamabad
The Islamabad High Court suspended a property tax notice by MCI, directing federal authorities to respond. Petitioner challenges legality of property tax regime.
Three Motorcyclists Killed in Chakwal Bus Collision
Three motorcyclists died after a passenger bus hit them in Dharabi village, Chakwal. The victims were from Lakhwal village.
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Man killed, 3 injured in tractor-trolley accident near Nowshera Virkan
A man was killed and three others injured when a tractor-trolley hit two motorcycles near Mangoki Virkan. The driver fled. Rescue teams shifted the injured to hospitals.
Wanted Criminal Killed in Dera Ghazi Khan Encounter
A suspected kidnapper and wanted criminal, Asghar Jarh, was killed during a police encounter near Pul Gajuji in Dera Ghazi Khan after allegedly being hit by his own accomplices' fire.
34 Killed, 87 Injured in 100 Police Encounters in Faisalabad
In 40 days, Faisalabad police reported 100 encounters killing 34 suspects and injuring 87, including a head constable. The spike raises human rights concerns.
Lumpy Skin Disease Surge Alarms Livestock Farmers in Sargodha
Rising lumpy skin disease cases among cattle in Sargodha spark fears of wider outbreak. Farmers urge immediate preventive measures to curb spread across multiple areas.
Sindh Budget 2026-27: People-Friendly, Says Sharjeel
Sindh Senior Minister Sharjeel Inam Memon hails the provincial budget for FY2026-27 as people-friendly, balanced, and development-oriented, highlighting increased minimum wage and record development spending.
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Karachi: 39th victim of street crime in 2024
A 19-year-old man was shot dead by robbers in Karachi's Abdullah Goth, marking the 39th citizen killed resisting street crime this year. He threw stones at the assailants.
Pakistan Current Account Surplus Narrows to $255M in May
Pakistan's current account surplus fell to $255 million in May 2026 from $459 million in April, as rising imports offset gains from remittances and services exports, signaling renewed external pressures.
Pakistan Misses Oil and Gas Targets for FY 2025-26
Pakistan failed to meet oil and gas production targets for FY 2025-26, with crude oil at 95% and natural gas below target. LPG and coal exceeded expectations. LNG imports fell due to Middle East conflict.
FBR to Launch Faceless Tax System in October to Prevent Harassment
FBR chairman announces faceless tax system from October to stop taxpayer harassment, citing misuse of data by taxmen. Pilot project starts October, full implementation in three years.
Oil Rises Over 1% on US-Iran Ceasefire Doubts, Supply Worries
Oil prices climbed more than 1% as Trump said the ceasefire with Iran is not final, but excess supply concerns limited gains. Brent rose to $79.85, WTI to $76.96.
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Balochistan Budget 2026-27: Big Allocations for Education and Fisheries
Balochistan's FY2026-27 budget allocates Rs2.3 billion for higher education development and Rs346 million for fisheries, emphasizing human capital and coastal growth.
Balochistan Budget: Rs119.6 Billion for Health, Agriculture
Balochistan's FY 2026-27 budget allocates Rs96 billion for health and Rs23.6 billion for agriculture, focusing on healthcare expansion, food security, and agricultural development.
Sindh Aims for Rs450 Billion Sales Tax on Services in FY27
Sindh government targets Rs450 billion from sales tax on services in FY27, up from Rs388 billion budgeted for FY26, aiming to boost provincial revenue and reduce reliance on federal transfers.
Sindh Budget 2026-27 Prioritizes Solar, Waste-to-Energy
Sindh's FY2026-27 budget allocates Rs3.67 billion for solar home systems, supports waste-to-energy projects, and invests in Thar Coal rail connectivity, balancing fiscal constraints with green energy goals.
Pakistan Power Sector Launches Simplified Electricity Bill
Pakistan's power distribution companies introduce a redesigned, consumer-friendly electricity bill format with simplified layout, clear billing details, and QR codes for digital access.
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PSX ends flat with marginal gains after record rally
Pakistan Stock Exchange closed marginally higher on Wednesday as investors paused after a record-breaking rally. The KSE-100 index gained 118 points to 180,511 amid selective buying in cement, fertiliser, energy, and banking stocks.
Footwear Industry Warns Against Third Schedule Move in Finance Bill
The Pakistan Footwear Manufacturers Association warns that placing the footwear sector under the Third Schedule in Finance Bill 2026 could hinder documentation and push businesses into the undocumented economy.
Gazan tailor recycles war debris into festive dresses
Amir al-Rantisi, a 24-year-old tailor in Khan Yunis, recycles fabric from war-torn areas and old dresses to create elegant gowns for girls, bringing joy amid hardship.
Where is the Daycare? Pakistan's Empty Promise to Women
Pakistan celebrates women on banners but fails to provide daycare in workplaces. This article demands mandatory daycare for companies with over 25 employees, citing Jinnah's vision of equality.
Pakistan's Industrial Policy Needs a Rewiring for Global Trade
Pakistan's protectionist industrial policy has failed to build global competitiveness. The world has moved on; Pakistan must redesign its policy with time-bound protection, export conditionality, and focus on sunrise sectors like IT.
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Balochistan Budget: Rs1.089 Trillion for FY 2026-27
Balochistan government presents Rs1.089 trillion budget with Rs206 billion for development, 5,000 new jobs, and Rs771 billion NFC transfers. Health, education, and infrastructure prioritized.
South Asian Business Council Hosts Major Networking Event in Virginia
Over 400 business leaders gathered in Northern Virginia for a networking event by SABCVA, highlighting South Asian professionals' economic impact and new workforce programs.
Punjab Budget Allocates Rs55 Billion for Film City
The Punjab government has allocated Rs55 billion for a Film City and other initiatives to boost arts, culture, and entertainment sectors in the 2026-27 budget.
PSX ends flat with marginal gain after rally
PSX benchmark KSE-100 index closed at 180,511 points, up 0.07%, as investors consolidated gains after a record-breaking rally, with cautious trading amid strong economic indicators.
Pakistan's Tech Exports Hit $4.2B, Current Account Surplus
Pakistan's tech exports reached $4.2 billion in 11 months of FY2026, with a $459 million current account surplus in May, marking strong growth and improved external account.
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Punjab Juvenile Driving Permits for Ages 16-18
Punjab government launches Juvenile Driving Permits for 16-18 year olds, allowing them to ride motorcycles up to 125cc with a Rs500 annual fee and parental consent.
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