The National Assembly Standing Committee on Finance on Thursday directed the Tax Policy Unit of the Ministry of Finance and the Federal Board of Revenue (FBR) to urgently rationalise duties and taxes on imported mobile phones for announcement in the coming budget (2026-27). Primarily, the proposal was to reduce sales tax from 25 percent to 18 percent on high-end mobile phones in CBU condition e
Chairman of the Pasban Democratic Party (PDP), has called on the government to shift its focus towards economic recovery following Pakistan’s widely acknowledged role in brokering the Iran–US ceasefire. He said the diplomatic success achieved under Prime Minister Shehbaz Sharif and Field Marshal Asim Munir has elevated Pakistan’s stature as a global peacemaker. He termed the development a “r
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced the establishment of a modern small industrial estate at Port Qasim, spanning approximately 400 acres, aimed at promoting industrialization and enhancing investor confidence. Speaking during his visit to the Karachi Chamber of Commerce & Industry on Thursday, the Minister stated that the development strategy woul
Pakistan’s textile sector exports registered a negative growth of 0.50 percent, reaching USD13.545 billion in the first nine months of the current fiscal year against USD13.613 billion in the same period of 2024-25, the Pakistan Bureau of Statistics (PBS) reported on Thursday. According to PBS data, the textile commodities, which contributed to exports of USD13.555 billion, included bed wear, t
ederal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, appeared on “Mornings with Maria” on Fox Business Network during the IMF-World Bank Spring Meetings 2026, where he highlighted Pakistan’s economic outlook and its role in ongoing diplomatic efforts in the region. The interview followed host Maria Bartiromo’s recent conversation with US President Donald Trump, during which he a