Economy

High taxes and low domestic demand push refineries to ramp up exports

The decline was due to reduction in the price of food items

Pakistan Textile Council urges reforms to unify tariffs, remove levies, and stabilize power policy

New customs framework introduces digital clearance via Pakistan Single Window

New rule brings thousands of retailers into the digital tax net, requiring integration of sales systems with FBR’s network as part of efforts to document trade and boost revenue

KCCI and BMG urge government to review NEPRA’s revised K-Electric tariff, saying the sharp reduction risks worsening load shedding and damaging Karachi’s fragile power system

Industry warns export decline could derail recovery despite strong domestic demand

Agreements with China, Japan, Korea and others signal tariff relief and renewed investment confidence, though Fitch warns benefits will likely be limited and uneven across the region

The tax collection authority had previously extended the deadline for everyone twice

Government shifts focus from new taxes to enforcement and compliance, aiming to close a PKR 1.7 trillion income tax gap and build lasting fiscal stability