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A new tax snapshot shows Pakistan's salaried class is paying more income tax than several major sectors combined. The figures renew criticism of a tax regime that leans heavily on documented workers while large informal segments remain under-taxed.
FBR says it has taken over three Islamabad plots worth Rs. 60 million after determining they were held through proxy ownership. The seizure is part of a broader anti-benami crackdown aimed at undocumented assets and hidden ownership structures.
Russia says it is prepared to sell discounted oil to Pakistan if Islamabad makes a formal request. The offer comes as Pakistan faces rising energy uncertainty amid regional tensions.
The federal government has launched a major drive against money laundering and hawala-hundi networks. Officials say remittances will be pushed into formal channels and enforcement will be jointly monitored by SBP and FIA.
Pakistan's fast-growing solar sector is reducing the country's exposure to oil and gas shocks linked to Middle East turmoil. Geo News reports the shift has already saved billions in fuel imports and is becoming a strategic economic cushion.
A new assessment warns Pakistan could lose $3 billion to $4 billion in annual remittances if Middle East tensions persist. The report says reduced overseas employment opportunities for Pakistani workers could intensify pressure on the country’s external finances.
SECP has issued 66 show-cause notices to 41 state-owned enterprises for missing audited accounts, annual returns and governance obligations. The action points to a broader push for stronger oversight and accountability in Pakistan’s public-sector corporate space.
A Senate panel has been warned that Pakistan may face an LNG shortfall after April 14 because of Middle East-linked supply disruptions. The issue could intensify pressure on the power sector and broader energy planning.
The SBP has declared March 23 a bank holiday for Pakistan Day. The closure, combined with Eid holidays and Sunday, is expected to create an extended break for the banking sector.
The consortium buying into PIA has until April 29 to decide on taking an extra 25 percent stake. The development marks a key step in the government’s attempt to finalize the airline’s privatization and management transition.
Customs authorities have moved to stop shipping companies from levying retroactive war-related charges on cargo already in transit. The decision is meant to shield Pakistani traders from added costs during a period of regional disruption.
The rupee ended stronger again, extending its long winning streak against the US dollar and posting gains versus several major currencies. The move signals continued market confidence despite regional energy and trade uncertainties.
