The Federation of Pakistan Chambers of Commerce and Industry is set to enhance economic engagement with the United States as its President, Atif Ikram Sheikh, prepares to lead a high-level business delegation to the US in August 2026. This initiative comes as part of broader efforts to strengthen bilateral trade, investment, and private-sector collaboration between…
The Pakistan Stock Exchange witnessed a notable decline this week as the benchmark KSE-100 index dropped 3.2%, closing at 165,596 points. The downturn was largely driven by uncertainty surrounding the progress of US-Iran peace negotiations, which negatively impacted investor sentiment. Throughout the week, the market showed consistent volatility. The KSE-100 index lost a total of…
Pakistan has achieved a significant financial milestone with the successful issuance of its first Panda Bond, a move that signals growing investor confidence and strengthens economic ties with China. According to Finance Minister Muhammad Aurangzeb, the inaugural Panda Bond issuance marks a major step forward in Pakistan’s financial landscape. Speaking after the issuance ceremony in…
Pakistan is strengthening its agricultural partnership with China as both nations approach 75 years of diplomatic relations in 2026. The collaboration is expanding rapidly under the second phase of China-Pakistan Economic Corridor (CPEC), focusing on modern farming techniques, hybrid seeds, research, and export growth. The growing adoption of Chinese hybrid rice in Punjab highlights a…
The government of Pakistan is planning significant income tax cuts for salaried individuals and companies as part of the upcoming fiscal budget, with discussions currently underway with the International Monetary Fund (IMF). According to official proposals shared with the IMF, the government aims to provide relief to taxpayers by lowering income tax rates across multiple…
Khyber-Pakhtunkhwa is currently facing serious wheat supply challenges, prompting Governor Faisal Karim Kundi to propose inter-provincial talks with Sindh to address the crisis. Speaking at the Baniyan-e-Marsous and Stability of Pakistan Conference held at the Governor’s House in Peshawar, Kundi highlighted the urgency of resolving wheat shortages in the province. He stated that he is…
The Lahore High Court (LHC) has ruled that super tax under Section 4C of the Income Tax Ordinance, 2001 cannot be imposed on capital gains arising from the sale of inherited immovable property when the applicable capital gains tax rate is zero percent. The decision was issued by a two-member bench comprising Justice Jawad Hassan…
The Federal Constitutional Court (FCC) has dismissed petitions filed by the Sindh government and upheld the Sindh High Court (SHC) ruling regarding the appointment criteria for the Director General of the Sindh Environmental Protection Agency (SEPA). The court ruled that the appointment must strictly follow the legal and technical framework defined under the Recruitment Rules…
The State Bank of Pakistan (SBP) has officially finalized the designs for new currency notes and submitted them to the federal cabinet for approval. According to SBP Governor Jameel Ahmad, this initiative aims to modernize Pakistan’s currency system while introducing advanced security features to prevent counterfeit activities. The announcement was made during a meeting with…
The State Bank of Pakistan has announced the expansion of its nationwide cashless payments initiative for Eidul Azha, aiming to promote digital transactions across cattle markets and reduce reliance on cash. According to the central bank, the “Go Cashless” campaign has been significantly scaled up this year, with coverage increasing from 54 cattle markets in…
