The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns for Tax Year 2026 to October 15, 2026. The original deadline for taxpayers required to submit their income tax returns was September 30, 2026. The extension was announced by the FBR following requests from various trade organisations and tax bar…
Pakistan and China have reaffirmed their commitment to strengthening their long-standing strategic partnership, with Prime Minister Shehbaz Sharif highlighting the next phase of the China-Pakistan Economic Corridor, known as CPEC 2.0. Addressing a reception in Islamabad to mark the 77th anniversary of the founding of the People’s Republic of China, Prime Minister Shehbaz Sharif described…
The federal government has reduced the prices of petrol and high-speed diesel (HSD) for September 30, providing some relief to motorists amid continued changes in domestic and international fuel markets. According to a notification issued by the Petroleum Division on Tuesday, the price of petrol has been reduced by Rs1.49 per litre, bringing the new…
Electricity consumers across Pakistan, including those served by K-Electric, could face an additional financial burden of around Rs29.5 billion if a proposed increase in electricity tariffs is approved under the fuel adjustment mechanism for August 2026. The National Electric Power Regulatory Authority (NEPRA) held a public hearing to examine a petition submitted by the Central…
Federal Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal has called for the complete modernisation of Pakistan Railways’ Main Line-1 (ML-1), describing the project as a key national priority for expanding trade, freight capacity and regional connectivity. Speaking at the Development Partners Dialogue on “Advancing Trade, Tourism and Regional Competitiveness” during his three-day…
US Congressman Tom Suozzi has described Pakistan as one of the biggest victims of terrorism and called for greater US support to help the country address the security challenge, according to foreign affairs expert Muhammad Mehdi. Mehdi said Suozzi, who chairs the Pakistan Caucus in the US Congress, made the remarks during a meeting with…
The federal government has revised petroleum prices in Pakistan, increasing the price of petrol while reducing the rate of high-speed diesel. The new prices will remain applicable until September 28, according to a Petroleum Division notification. Under the latest adjustment, the petrol price has increased by Rs2.02 per litre. Following the increase, petrol will now…
Prime Minister Shehbaz Sharif has called for renewed diplomatic efforts to reduce escalating tensions in the Middle East, telling the United Nations General Assembly that the Strait of Hormuz and Bab al-Mandab must remain open for global connectivity, trade and economic activity. Addressing the 81st session of the UN General Assembly in New York, PM…
The government has announced a reduction in the prices of petroleum products, providing some relief to consumers, transporters and businesses across Pakistan. Under the latest adjustment, the price of petrol has been reduced by 84 paisas per litre, while high-speed diesel (HSD) has become cheaper by Rs2.63 per litre. Petroleum prices are reviewed periodically based…
Federal authorities have intensified investigations into alleged economic offences, with separate cases being pursued by the Federal Investigation Agency (FIA), Federal Board of Revenue (FBR) and Pakistan Customs in Gujranwala and Karachi. In Gujranwala, FIA sources said Haji Amjad Saleem Butt, who is associated with the currency exchange business, has been taken into custody in…
