Punjab consumers crushed by soaring food prices as official rates ignored
A fresh wave of frustration is sweeping across Punjab as food prices continue to climb, despite the government’s formation of new price control bodies aimed at…
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Business
Updates on Pakistan’s economy, trade, markets, finance, entrepreneurship, and global business trends
Banks ask for delay in new e-commerce tax enforcement due to system readiness issues
ISLAMABAD – Commercial banks have called on the government to delay implementation of newly introduced taxes on e-commerce payment operators and merchants,…
Islamabad Food Authority seals 58 eateries, fines Rs2 million in July food safety drive
ISLAMABAD – The Islamabad Food Authority (IFA) has intensified its crackdown on unsafe food practices, sealing 58 eateries and food outlets and slapping Rs2.01…
Pakistan, Iran sign 12 agreements, vow to raise trade volume to $10 billion
ISLAMABAD – Prime Minister Shehbaz Sharif and Iranian President Dr Masoud Pezeshkian on Sunday announced a shared commitment to increase Pakistan-Iran bilateral…
Sugar import plan questioned as government reverses course after export-fueled price hike
ISLAMABAD – The federal government’s announcement to import 200,000 tons of sugar has stirred widespread criticism, with many questioning the timing and motive…
Over 11,000 businesses, individuals receive FBR warning over sales tax irregularities
KARACHI/ISLAMABAD – In a major compliance drive, the Federal Board of Revenue (FBR) has issued 'nudging' notices to around 11,000 businesses and individuals,…
Over 20 bottled water brands found unfit for drinking in PCRWR safety report
ISLAMABAD: A new report by the Pakistan Council for Research in Water Resources (PCRWR) has found that 23 bottled water brands currently sold across Pakistan…
Donors pledge over $5b for Reko Diq as Pakistan’s mining revival gains global momentum
ISLAMABAD: In a strong show of international confidence, global financial institutions have pledged over $5 billion for Pakistan’s Reko Diq copper and gold…
E-invoice deadline extended to December as FBR eases rollout for traders and firms
ISLAMABAD: The Federal Board of Revenue (FBR) has granted a seven-month extension to traders and businesses for electronic invoice integration, acknowledging…
No unbudgeted supplementary grants allowed under IMF deal, Finance Division warns
ISLAMABAD: In a move to tighten fiscal discipline under IMF obligations, the Finance Division has announced that no supplementary grants will be approved for…