FBR Digitizes Sales Tax Credit Claims with New IRIS Feature for FTN Holders
The Federal Board of Revenue introduces a new IRIS feature allowing taxpayers to claim credit against sales tax withheld by FTN holders under the Sales Tax Act 1990.
Pakistan Aviation Sector Faces 72 Million Dollar Loss Following Middle East Airspace Disruptions
The ongoing conflict in the Middle East has caused a massive 72 million dollar revenue hit to Pakistan aviation sector as hundreds of flights face cancellation and rerouting.
Karachi Port Records Historic Surge in Transshipment Cargo Amid Middle East Tensions
Karachi Port Trust reports a massive spike in transshipment activity as Middle East regional instability drives shipping lines toward Pakistani maritime hubs.
Pakistan Money Supply Surges as Broad Money M2 Hits Rs42.31 Trillion
Latest State Bank of Pakistan data reveals a significant jump in Broad Money M2 and currency in circulation, signaling shifting liquidity trends in the economy.
Pakistan Sharia Compliant Mutual Funds Hit Historic Rs2 Trillion Milestone
Islamic mutual funds in Pakistan have crossed the Rs2 trillion AUM mark for the first time, signaling a massive structural shift in the nation’s digital finance landscape.
Pakistan Sharia Finance Momentum Continues as Government Raises Rs118 Billion via Sukuk Auction
The Government of Pakistan successfully raised Rs118.05 billion through its 32nd Ijarah Sukuk auction, signaling a massive shift toward Sharia-compliant digital finance.
Kazi Abdul Muktadir Appointed as CEO of Hilal Financial Services
Hilal Financial Services names former State Bank Deputy Governor Kazi Abdul Muktadir as CEO to lead its fintech and digital distribution expansion in Pakistan.
OGRA Receives 27 Billion Rupees to Settle Oil Price Differential Claims
The Oil and Gas Regulatory Authority (OGRA) receives an initial 27 billion rupee tranche from the PM’s Austerity Fund to settle price differential claims for OMCs.
Fitch Ratings: Chinese Battery Giants to Lead Global Energy Transition Despite Geopolitical Risks
Fitch Ratings highlights how Chinese battery manufacturers maintain dominance in BESS and LFP sectors as the Iran conflict intensifies global energy security concerns.
World Bank to Review 379 Million Dollar Grid Stability Project for Pakistan
The World Bank board prepares to approve the BEST-PAK Programme Phase I, a 378.9 million dollar investment to enhance Pakistans power transmission stability.