IMF Proposes Rs15.6 Trillion Tax Target and Removal of Fuel Exemptions for Pakistan
The IMF suggests a massive revenue target and taxes on fuel, solar users, and new homes, but Pakistani authorities resist further burdening the existing tax base.
OGRA Notifies Massive 35 Percent Increase in LPG Prices for April 2026
The Oil and Gas Regulatory Authority raises LPG prices by 924 rupees per domestic cylinder following a 44 percent surge in Saudi Aramco contract prices.
Competition Commission of Pakistan Leads Compliance Drive at Lahore Chamber of Commerce
CCP Chairman Farid Ahmad Tarar emphasizes the importance of fair market competition and voluntary compliance during a strategic awareness session at the LCCI.
FBR Mandates 72 Hour Deadline for Digital Invoice Edits to Curb Tax Evasion
The Federal Board of Revenue enforces a strict three day window for electronic invoice modifications while allowing businesses to use multiple licensed integrators.
Finance Minister Muhammad Aurangzeb Convenes High Level Meeting to Reform Petroleum Subsidies
Federal and provincial leaders reach a consensus on shifting from broad fuel subsidies to data driven targeted support systems to ensure fiscal stability and protect vulnerable groups.
Force Majeure Halts LNG Supplies for Power Generation Amid Regional Conflict
Government officials confirm LNG supply disruptions due to force majeure as the Iran war impacts global energy routes, prompting new daytime electricity pricing strategies.
Prime Minister Shehbaz Sharif Seeks IMF Relief on Petroleum Levies Amid Iran War
Prime Minister Shehbaz Sharif directs the Finance Division to negotiate petroleum levy adjustments with the IMF to protect the public from global oil price hikes.
FBR Simplifies Digital Invoicing and Limits Data Revisions Under STGO 01 of 2026
The Federal Board of Revenue introduces flexibility for electronic invoicing integrators while enforcing a strict 72-hour window for data modifications in its latest update.
Middle East Conflict Sends Aviation Industry Into Turbulence as Fuel Costs and Airspace Risks Surge
Escalating conflict in the Middle East is disrupting global aviation through rising jet fuel prices, expanding no-fly zones, and operational risks, placing airlines and travelers under growing pressure.
Middle East Conflict Disrupts Global Shipping Networks, Driving Costs Higher
Escalating tensions in the Middle East and the blockade of the Strait of Hormuz are significantly increasing global shipping costs, impacting fuel transport, container rates, and maritime insurance premiums.