Pakistan SADC Chamber Trade Federation (PSCTF) has urged the federal government to undertake wide-ranging structural tax reforms in the FY2026-27 budget, advocating a shift from what it termed an “extractive revenue collection model” to a growth-oriented framework focused on investment, exports, industrial expansion and job creation. In a set of budget proposals submitted to the Ministry of Fin
Industrialists, traders and agricultural experts have urged the government to adopt business-friendly policies and provide immediate relief to the industry, trade and agriculture sectors to tackle economic challenges and ensure sustainable growth. The demand was made at a pre-budget seminar organised by the Traders Wing of the Pakistan Markazi Muslim League (PMML), where participants stressed t
The Directorate General of Customs Valuation, Karachi, has revised the customs values of ammunition, including cartridge calibers imported from China, Turkey, Oman, Europe, the United States and other countries. The Customs values of ammunition were earlier determined under Section 25A of the Customs Act, 1969 vide Valuation Ruling No.2036-2026. After issuance of the said Valuation Ruling, repr
The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has issued an urgent appeal to Prime Minister Mian Muhammad Shehbaz Sharif and Deputy Prime Minister Senator Mohammad Ishaq Dar, seeking an immediate hearing before the finalisation of the Auto & Auto Parts Policy 2026–31. In a letter to the Deputy Prime Minister, PAAPAM stated that the auto-parts sector support
Oil prices settled USD1 higher after rising more than 5 percent earlier in the session on Monday as Iran and Israel said they had halted attacks on each other following an appeal from US President Donald Trump. Tehran, however, said it would resume strikes if Israel continued to hit Hezbollah in Lebanon. Brent crude futures closed USD1.16, or 1.3 percent, higher at USD94.25 a barrel, while U