FBR IRIS Portal and Digital Tax Services to Remain Unavailable Until August 10
Federal Board of Revenue will temporarily suspend IRIS, Digital Invoicing, Payment System, SWAPS and POS Registration services from August 8 to August 10 for scheduled maintenance.
IFC Approves $20 Million Loan For Novatex To Support Pakistan’s Packaging Industry
The International Finance Corporation has approved up to $20 million in financing for Novatex Limited to fund raw materials and equipment imports, support export-oriented industries and expand recycled PET production in Pakistan.
12 Investor Consortiums Submit EOIs For FESCO Privatization As Pakistan Sees Strong Investor Interest
Twelve investor consortiums, including groups from Turkey, China and Pakistan, have submitted Expressions of Interest for the privatization of Faisalabad Electric Supply Company as Pakistan advances reforms in the power distribution sector.
Khurram Schehzad Says Diesel Levy Increase Reflects Phased Return to Budgeted Level
Finance Minister’s Advisor Khurram Schehzad said the recent diesel petroleum levy increase is part of a phased normalization process after a temporary reduction, with the government seeking to meet approved revenue targets while maintaining fiscal stability.
State Bank of Pakistan Injects Rs3.27 Trillion Into Market Through Open Market Operations
State Bank of Pakistan injected Rs3.27 trillion into the market through conventional reverse repo and Shariah compliant Modarabah based Open Market Operations, with Rs2.65 trillion provided through conventional operations and Rs620 billion through Islamic liquidity operations.
SBP Reserves Rise to $17.04 Billion as Pakistan’s Total Foreign Exchange Reserves Increase
State Bank of Pakistan foreign exchange reserves increased by $13.1 million to $17.04 billion in the week ended July 31, 2026, while total reserves reached $22.47 billion.
Finance Ministry Clarifies Ad Hoc Relief Allowances After BPS 2026 Revision
Pakistan’s Finance Division has clarified the treatment of Ad Hoc Relief Allowances following the Basic Pay Scales 2026 revision, confirming that existing allowances will remain frozen while newly recruited federal employees will receive specified allowances on a notional basis.
SBP Promotes Vertical Housing to Support Prime Minister’s Affordable Housing Programme
State Bank of Pakistan Rawalpindi held a consultative session with banks, housing societies and other stakeholders to address implementation challenges under the Prime Minister’s affordable housing programme and promote vertical development as a sustainable housing solution.
Government Raises Rs170.98 Billion Through Hybrid Sukuk Auction Against Rs125 Billion Target
The Government of Pakistan raised Rs170.976 billion through its latest Hybrid Sukuk auction conducted via the Pakistan Stock Exchange, exceeding the combined pre-auction target of Rs125 billion amid strong demand for both fixed-rate and variable rental rate instruments.
Pakistan’s Economic Transformation Hinges on Stronger Industry and Innovation Linkages
Islamabad Chamber of Commerce and Industry President Sardar Tahir Mehmood has stressed the need to strengthen links between industry, innovation, investment and entrepreneurship to support Pakistan’s economic transformation and global competitiveness.