News

Tractor makers want policy to check falling sales

Manu­facturers have urged the government to formulate a National Tractor Policy to tackle the challenges faced by the sector, primarily a significant decline in sales that has halved in the current fiscal year. During a meeting with the Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan on Wednesday, tractor manufacturers raised serious concerns about

Reforms needed to ensure sustainable growth: Aurangzeb

Finance Minister Muhammad Aurangzeb on Wednesday said that the country has achieved economic stability through “tough decisions and ongoing economic reforms over the past year”, emphasising that the objective was not stabilisation alone but “sustainable and inclusive growth”. He was speaking at a forum hosted by the Centre for Global Development (CGD) during the IMF-World Bank Spring Meetings.

FBR sets deadlines for e-integration

The Federal Board of Revenue (FBR) has asked all registered taxpayers to integrate their invoicing systems electronically. Through SRO709 of 2025, the FBR set compliance deadlines for corporate and non-corporate taxpayers to complete the integration. According to the notification, the corporate registered persons must start sending digital invoices no later than May 1, 2025, while non-corpor

Seven top NTDC officials removed for slackness

The board of directors of the Nati­o­nal Transmission and Despatch Company (NTDC) removed seven top officials on Wednesday due to shortcomings, project delays, and poor performance. The decision was taken on the directive of Power Minister Sardar Awais Leghari, who had recently expressed concern over project delays and the performance of these officials, according to a statement issued by the p

Govt looks to end Federal Excise Duty on property transactions

The Federal Board of Revenue (FBR) has submitted a summary to the federal cabinet requesting the withdrawal of Federal Excise Duty (FED) on property transactions. “We will issue a notification after the cabinet approves the summary,” FBR Chairman Rashid Langrial told Dawn on Wednesday. In the Finance Act 2024, the government has imposed 3 per cent FED on filers, 5pc on late filers and 7pc on