Economy

Ship breakers seek tax reforms to protect Pakistan’s recycling industry
Business

Ship breakers seek tax reforms to protect Pakistan’s recycling industry

Industry urges higher duties on imported scrap, tighter enforcement against tax evasion, and sales tax

Pakistan commits new tax measures for FY2026-27 under IMF program
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Pakistan commits new tax measures for FY2026-27 under IMF program

Pakistan has committed to tax policy changes and revenue administration reforms under its IMF program to generate revenues equal to 0.3% of GDP in FY2026-27

IMF wants provinces to collect 64% more taxes next year
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IMF wants provinces to collect 64% more taxes next year

Pakistan’s provincial tax authorities are expected to raise revenue to PKR 1.947 trillion by June 2027

End of US-Iran conflict could unlock USD 20 billion opportunity for Pakistan
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End of US-Iran conflict could unlock USD 20 billion opportunity for Pakistan

Pakistan's strategic position could boost trade, investment, foreign reserves and Gwadar's role as a regional energy and logistics hub. KTrade Securities says

SECP eases licensing for foreign firms; drops prior security clearance
Business

SECP eases licensing for foreign firms; drops prior security clearance

Companies in capital, insurance, and NBFC sectors can now apply with a self-declaration

Government raises PKR 320 billion from consumers in March-May despite relief claims
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Government raises PKR 320 billion from consumers in March-May despite relief claims

Levy collections rise amid inflation and higher fuel prices, official estimates show

Pakistan targets 4% GDP growth in FY2026-27 on agriculture, industry recovery
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Pakistan targets 4% GDP growth in FY2026-27 on agriculture, industry recovery

Pakistan has set a 4% GDP growth target for FY2026-27, up from 3.7% this year, driven by gains in agriculture, manufacturing and services

Global growth outlook weakens as oil shock and inflation weigh on economy
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Global growth outlook weakens as oil shock and inflation weigh on economy

Fitch trims 2026 global growth forecast to 2.4%, citing higher oil prices and geopolitical tensions, while AI-led investment helps cushion impact

NEC to consider PKR 4.46 Trillion national development plan ahead of FY27 budget
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NEC to consider PKR 4.46 Trillion national development plan ahead of FY27 budget

Federal and provincial spending plans to be considered ahead of the fiscal year 2026-27 budget announcement

Pakistan loses up to PKR 250 billion annually to diesel smuggling, industry warns
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Pakistan loses up to PKR 250 billion annually to diesel smuggling, industry warns

Sharp drop in diesel sales during peak harvest season raises concerns over tax losses, investment risks and job threats across the petroleum sector

Textile council warns Pakistan could miss export opportunity without budget reforms
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Textile council warns Pakistan could miss export opportunity without budget reforms

Industry urges tax, energy and refund reforms to stay competitive as global supply chains shift

Calculator and wooden blocks spelling "TAX" on banknotes background.
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Pakistan announces simplified tax scheme for small traders

The system will offer lower rates, regional-language forms, and lighter audits for shopkeepers earning up to PKR 20 million a year

Pakistan launches PKR 7.1 billion facility to expand agricultural storage infrastructure
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Pakistan launches PKR 7.1 billion facility to expand agricultural storage infrastructure

Private-sector-backed financing program aims to add 300,000 metric tons of storage capacity, reduce post-harvest losses and improve farmers' access to credit

Pakistan auto industry braces for sales slowdown as government considers 18% tax on all vehicles
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Pakistan auto industry braces for sales slowdown as government considers 18% tax on all vehicles

Proposed tax could raise prices of EVs, hybrids and petrol cars, potentially slowing vehicle sales

Supernet Technologies wins PKR 1B communications infrastructure contract
Business

Supernet Technologies wins PKR 1B communications infrastructure contract

The PSX-listed firm will supply hardware and services to modernize communications networks

EPZ investors urge PM Shehbaz Sharif to retain 80/20 facility amid IMF, budget talks
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EPZ investors urge PM Shehbaz Sharif to retain 80/20 facility amid IMF, budget talks

Investors warn that changes to the policy could hurt exports, jobs, investment and industrial activity

Juice industry calls for lower FED, citing 45% drop in sales
Business

Juice industry calls for lower FED, citing 45% drop in sales

High taxes have cut sales, hurt fruit farmers and fueled growth of unregulated beverage products, Industry says

Recycling sector calls for policy support in upcoming budget
Business

Recycling sector calls for policy support in upcoming budget

CoRe Alliance proposes tax holidays, duty exemptions and green financing to strengthen Pakistan's recycling ecosystem

Foreign investors eye stakes in Pakistan's electricity firms, Senate panel told
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Foreign investors eye stakes in Pakistan's electricity firms, Senate panel told

The government plans to hold roadshows in China, Qatar, Saudi Arabia and Turkey to brief potential buyers