Pakistan has assured the International Monetary Fund (IMF) that it will take Rs200 billion worth of additional tax measures in January to compensate any slippages in the budget surplus by increasing the income tax rates on landline and mobile phones and cash withdrawals from banks. The measures will only be triggered following lower-than-targeted revenues and higher-than-agreed expenses in July
A high-level meeting at the Ministry of Commerce, co-chaired by Federal Minister for Commerce Jam Kamal Khan and Special Assistant to the Prime Minister (SAPM) on Industries Haroon Akhtar Khan, reviewed policy measures for the automotive sector, regulation of used car imports, and facilitation for local manufacturers and genuine overseas Pakistanis. According to an official statement issued on
Positive sentiments were observed at the Pakistan Stock Exchange (PSX) as investors rejoiced after Pakistan and Afghanistan agreed to resume peace talks, with the benchmark KSE-100 Index gaining over 2,500 points during the opening minutes of trading on Friday. At 10:35am, the benchmark index was hovering at 159,623.48, an increase of 2,890.61 points or 1.84%. Buying interest was observed in
Taking a positive step for taxpayers’ facilitation, Federal Board of Revenue (FBR) has constituted a committee to identify, address and resolve technical issues being faced by taxpayers while submitting their online income tax returns for the tax year 2025. In this regard, the FBR has issued an office order here on Wednesday. So far, the FBR has received 5.5 million income tax returns for the t
Bank of Khyber (BoK) has achieved an exceptional financial performance for the nine-month period ended September 30, 2025, crossing a historic milestone with profit before tax exceeding Rs 10 billion. The Bank recorded a 34 percent growth in Total Income, reaching Rs 18,172 million compared to Rs 13,540 million in the same period last year. Profit before tax surged to Rs 10,604 million against