A representational image showing a large number of vehicles parked at a site. — AFP/FileAgents’ role eliminated via Customs General Order No 2 of 2026.Prices certified by manufacturers to be used to assess duties, taxes.Move aimed at overcoming under-invoicing; will facilitate…
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FBR announces extension in income tax filing deadline
A policeman walks past the Federal Board of Revenue office building in Islamabad, on August 29, 2018. — ReutersFBR extends deadline for 16 days.Deadline was to end on Oct 15.Trade bodies requested extension.
ISLAMABAD: The Federal Board of Revenue on Wednesday notified an…
Rising oil prices jolt Pakistan’s fragile economy
Luojiashan tanker sits anchored in Muscat, as Iran vows to close the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Muscat, Oman, March 7, 2026. — ReutersPakistan imports over 85% of crude via Hormuz.Fuel prices raised 20% to curb hoarding.Farmers fear rising diesel…
Finance adviser says Pakistan among countries showing sharpest decline in default risk
A Pakistani dealer counts US dollars at a currency exchange shop in Karachi. — AFP/FilePakistan records 22% reduction in default risk over last 15 months.Schehzad credits structural reforms, timely debt servicing for drop.Investor confidence in economy improving: finance…