State Bank Keeps Policy Rate Unchanged at 22%
The State Bank of Pakistan announced its monetary policy, keeping the policy rate unchanged at 22%. The decision follows a review of economic indicators and comes after the US-Iran peace agreement.
Category : Banking Sector
Punjab Budget 2026-27: No New Taxes, Salary Hikes
Punjab Finance Minister Mujtaba Shuja ur Rehman to present FY2026-27 budget today with no new taxes, salary and pension increases, and focus on social sector.
Global Markets Surge After US-Iran Peace Deal
Global markets rallied after the US-Iran peace deal eased geopolitical tensions, lowered oil prices, and shifted interest rate expectations. Asian indices led gains, gold rose, and the dollar weakened.
PSX Surges 2.5% on Budget Optimism and US-Iran Peace Deal
The PSX benchmark KSE-100 index surged 2.53% on Monday, driven by optimism over the government's reform-oriented budget and a preliminary US-Iran peace agreement that eased geopolitical tensions.
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Traders Welcome Property Tax Relief in 2026-27 Budget
Traders, property dealers and economic analysts welcome the federal government's proposed property tax relief and incentives for the construction sector in the 2026-27 budget, hoping to stimulate investment and economic activity.
FIA Foils Fake NOC Bid by Govt Employee at Multan Airport
FIA at Multan Airport offloaded a government employee attempting UAE travel with a forged NOC. The suspect, a ward servant, was handed over for legal proceedings.
Senate Panel Approves FBR Re-audits, Tax Exemptions for SCO Vehicles
Senate panel approves FBR's re-audit framework, faceless audit system, and sales tax exemptions for bulletproof vehicles for SCO Summit and counter-terrorism operations.
Tax Relief for Salaried Class Inadequate, Says Dr Gohar Ejaz
Dr Gohar Ejaz criticizes the tax relief for salaried individuals in budget 2026-27 as insufficient, proposes a three-tier tax structure to boost middle-class purchasing power and economic growth.
Pakistan Economic Survey 2025-26: 3.7% Growth Amid Challenges
Pakistan's Economic Survey 2025-26 reports 3.7% GDP growth, highest in four years, but highlights unmet targets, rising poverty at 28.9%, and public debt reaching Rs. 833 trillion.
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Pakistan Proposes Faceless Tax System and Fraud Penalties
The federal government's Finance Bill 2027 proposes a National Faceless Centre, faceless audits, and heavy penalties for tax fraud, including fines up to Rs5 million for non-compliance with digital integration.
Hyderabad-Sukkur Motorway to Be Completed in 3-4 Years
Planning Minister Ahsan Iqbal announced the Hyderabad-Sukkur motorway will be completed in 3-4 years, work on M-9 alignment has started, and a grant for a university in Hyderabad has been provided.
Rajesh Exports Scandal Exposes India's GDP Data Fraud
SEBI alleges Rajesh Exports misrepresented 99.8% of revenues ($158B) over 5 years. The fraud threatens India's GDP credibility, recalling past scams like Adani and Satyam.
PTI Leader Raja Warns Rising Debt, Urges Structural Reforms
Salman Akram Raja warns that continued borrowing could worsen Pakistan's economic crisis, urging structural reforms to reduce debt burden and boost development.
PPP MNA Terms Budget Tax Targets Ambitious and Unlikely
PPP MNA Hussain Tariq criticizes budget's Rs6.9 trillion direct tax targets as ambitious, questions FBR's ability to achieve them, and highlights inflation's impact on the poor.
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Salary Taxed and Spent: Income Taxation
An analysis of how salary income is taxed and where the tax revenue is spent, highlighting the impact on individuals and the economy.
Pakistan Abolishes 18% Sales Tax on Shipping Industry
The federal government has abolished the 18% sales tax on the shipping industry in the 2026-27 budget, hailed by the maritime minister as a major boost for logistics and trade.
IT Minister Hails Budget 2026-27 as Digital Transformation Milestone
Federal Minister Shaza Fatima Khawaja praises budget 2026-27 for AI focus, youth empowerment, and Rs19.58 billion allocation for tech projects, marking a new era of digital innovation.
InDrive Appoints Abhey Lamba as Global CFO
InDrive appoints Abhey Lamba as CFO to lead global finance, as the company scales operations and expands services, reporting strong growth in 2025.
NA Panel Questions New Retailer Tax Scheme Impact
The National Assembly Standing Committee on Finance expressed concerns that the proposed retailer tax scheme could distort the tax system, discourage compliance, and erode the tax base.
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NAB Freezes Assets in Gulberg Housing Fraud Case
NAB Multan freezes assets of accused in Gulberg Executive Housing Scheme fraud case involving over Rs 5 billion and 1,800 victims. Key suspects declared proclaimed offenders.
Sukkur Traders Hail Super Tax Exemption in Budget
The Sukkur Small Traders Association praised the federal budget for exempting small traders from super tax, calling it a business-friendly move that simplifies tax procedures and reduces financial pressure.
Strait of Hormuz Crisis: Indian Seafarers in Danger
Escalating US-Iran conflict turns Strait of Hormuz into combat zone, endangering thousands of Indian seafarers on foreign-flagged ships. Three vessels hit, crew killed or rescued.
Bricks & Minifigs Denies Seizing GoFundMe Over Lego Dispute
Bricks & Minifigs denies attempting to seize a GoFundMe for the Mansell family, disputing claims over a Lego collection worth far less than reported $200,000.
PML-N MPA Saqib Chaddhar booked for Rs270m cheque dishonour
Three cases registered against PML-N MPA Saqib Chaddhar over cheque dishonour of Rs270 million. Complainant claims cheques for property deal bounced due to insufficient funds.
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Excise Dept Fails to Meet Property Tax Target Despite Expansion
Rawalpindi's Excise and Taxation Department failed to achieve its property tax target for FY 2025-26, despite expanding the tax net and increasing property valuations. Leave cancelled until June 30 for recovery efforts.
Provincial Grants Partly in Defence Budget: Aurangzeb
Finance Minister Aurangzeb stated that provincial contributions are partly reflected in the defence budget, with talks on a three-year framework. He also discussed IMF consultations and relief measures.
IHC Bans Banks from Blocking Accounts Without Legal Basis
Islamabad High Court rules banks cannot block accounts without verified legal reason, fines private bank Rs300,000, and directs SBP to issue guidelines.
Govt abolishes 18% sales tax on shipping in budget
The federal government has abolished the 18% sales tax on the shipping industry in the 2026-27 budget, a move hailed by Federal Minister for Maritime Affairs as a major boost for maritime and logistics sectors.
Pakistan Budget FY26-27 Boosts Gold Appeal on PMEX
The federal budget for FY2026-27 creates a supportive environment for gold on PMEX due to higher fuel levies, inflation, rupee vulnerability, and tax changes, making gold a key safe-haven asset.
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Tata Plant May Shut Over iPhone Wastewater Contamination
Indian pollution regulator alleges Tata Electronics' iPhone component factory contaminated groundwater, threatens shutdown unless explanation is satisfactory.
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