FBR Proposes Strict Amendments to Export Facilitation Scheme Through New Customs Rules
The Federal Board of Revenue has drafted new SRO 520(I)/2026 regulations to tighten the Export Facilitation Scheme, mandating stricter reconciliation and IOCO approvals.
National Assembly Committee Reviews Export Decline, Rice Sector Support, and Regional Trade Challenges
The National Assembly Standing Committee on Commerce has called for detailed briefings from key ministries and the State Bank of Pakistan to address stagnant exports, rice sector decline, and regional trade issues while endorsing targeted support measures.
Pakistan textile exports to EU at risk as PTC urges cuts in energy costs and taxes
Pakistan Textile Council has warned that textile and apparel exports to the EU are under threat following the India-EU FTA, urging urgent cuts in energy costs, taxes, and policy reforms to protect competitiveness.
Pakistan, World Bank strengthen cooperation on post-flood recovery and reform roadmap
Finance Minister Muhammad Aurangzeb held high-level talks with World Bank President Ajay Banga in Washington to discuss post-flood recovery, economic reforms, and strengthening international financial partnerships.
SBP Eases Pressure on Exporters by Releasing Withheld Proceeds
The State Bank of Pakistan has withdrawn its directive on delayed export proceeds, allowing immediate release of withheld funds and instructing banks to report overdue bills in their regular submissions.