Business News Archive - Page 56

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ECC raises MGMA housing loan cap to Rs10m and cuts markup to 5%

ECC raises MGMA housing loan cap to Rs10m and cuts markup to 5%

ECC has increased the MGMA low-cost housing loan cap to Rs10 million and reduced the markup rate to 5% to expand affordability. Officials say demand remains strong, with over 10,000 applications received and initial disbursements already underway.

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Govt plans to replace Rs10 note with coin to save billions

Govt plans to replace Rs10 note with coin to save billions

The federal cabinet is considering ending the Rs. 10 note and switching to a coin to reduce recurring printing and replacement costs. A report cited by officials says the move could save tens of billions of rupees over the next decade due to coins’ much longer lifespan.

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FBR uncovers alleged EPZ-linked scheme to repackage smuggled cigarettes

FBR uncovers alleged EPZ-linked scheme to repackage smuggled cigarettes

ProPakistani reports the FBR uncovered an alleged scheme involving repackaging of smuggled and expired foreign-brand cigarettes under EPZ cover. The case raises concerns over tax losses, regulatory loopholes, and potential public-health risks from deteriorated products.

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Karachi BRT buses stuck at port for 2 months amid tax-rate dispute

Karachi BRT buses stuck at port for 2 months amid tax-rate dispute

Sindh officials say Karachi’s incoming BRT buses have been stuck at the port for two months over a tax disagreement, with talks underway with the FBR. The provincial government is seeking parity with concessions reportedly granted for similar procurements elsewhere.

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PBA warns heavy taxes on banks could hurt growth and lending

PBA warns heavy taxes on banks could hurt growth and lending

PBA says banks are the government’s biggest taxpayers due to high levies, but cautions that the burden is undermining growth and credit expansion. The association urges a phased, balanced tax approach to support lending, investment, and digital banking.

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SBP reserves rise by nearly $20m in a week

SBP reserves rise by nearly $20m in a week

SBP reserves posted a weekly gain of $19.1 million for the week ending February 13, 2026. Despite the uptick at the central bank, Pakistan’s total liquid FX reserves fell by $73.2 million overall.

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