September 10, 2026
FBR chairman Rashid Mahmood Langrial has ordered payment within two to three months of Rs83 billion in sales tax refunds and Rs43 billion in duty rebates held back from businesses.
Prime Minister Shehbaz Sharif chaired a meeting on 24 November 2025 where the Export Sector Working Group presented its update. — PID SBP says all previous circulars related to the surcharge have now been withdrawn. It says all export goods are exempted from the surcharge with immediate effect. The Councilor says the move follows the formation of new private sector-led working groups. The federal government has canceled the growth surcharge on all exports, the State Bank said on Tuesday, giving exporters some breathing room as they try to cut costs and remain competitive in global markets. The Export Development Surcharge
Karachi: The Pakistani Commerce and Industry Federation (FPCCI) has written a letter to Prime Minister Muhammad Shehbaz Sharif, calling for immediate restoration of the SO 760 to help cover export orders and facilitate shipments from the gold jewelry sector. The president of FPCCI Atif Ikram Sheikh, on behalf of the business community, has attracted the prime minister’s attention to the issue, as Pakistan’s golden jewelry exports, which have contributed significantly to the country’s total exports for decades, were in full stop for more than three months. He said that the sudden suspension of SO on May 6, 2025, had disturbed
An employee dries the maize cores in a wholesale market for Jalandhar on August 7 – AFP Indian exporters warned Thursday that the cost of additional US invoices were in danger of making businesses “not viable”, as President Donald Trump ordered steep contributions totaling 50% to imported Indian goods. Prime Minister Narendra Modi said he was willing to “pay a great personal price”, while Congress party leader Rahul Gandhi called on “financial blackmail” contributions and “attempt to intimidate India to an unfair trade agreement”. Stocks opened marginally lower on Thursday, with the Nifty Benchmark index decreased by 0.31% after the
Employees saw a call center in Lahore. – AFP/file Exporters contribute to a tax amount of 150 billion RS180 billion Rs the FY25. Retail traders raped $ 62 billion by the income tax decree. Contribution of leased order more than three times that of exporters. ISLAMABAD: In the midst of continuing efforts to expand the tax network to increase revenue, it has come to light that the country’s leased order has contributed more than twice the tax amount to the national kitten compared to the combined contribution of exporters and 20s. The news reported on Thursday. The Federal Revenue Council
Listen to the article Lahore: A delegation of food exporters from South Punjab returned on Wednesday after completing a successful 10 -day visit to China. The Federation of Pakistani Chambers of Commerce and the Regional Food Committee (FPCCI) Shahid Imran, who led the delegation, informed the media that the team, consisting of prominent exporters, visited 10 cities throughout China to explore them. During their stay, the delegation participated in business-business meetings and toured basic food markets and processing units. Shahid Imran noted that Chinese counterparts were impressed with the quality and competitive pricing of Pakistani food products, especially snacks, which
People are waiting for their turn outside an ATM in Islamabad. – AFP/file The percentages of the lesser class plates were revised upwards based on the demand of the IMF. FBR is collecting 367 billion Rs from a salaried class last year. The Board of Directors faces a giant mission to collect 12,970 billion Rs the FY25. ISLAMABAD: A significant increase in tax rates led to the contribution of the less than 300% more than exporters in the first half of the current financial year, The news reported. The FBR has received 243 billion Rs in the first half of
Listen to the article LAHORE: Pakistan has made remarkable progress in its rice exports in the first half of the current financial year, registering a 19% growth despite significant global challenges. This increase in exports is likely to continue in the second half. According to official statistics, from July to December 2024, Pakistan exported 3.06 million tonnes of rice worth $1.87 billion, compared to 2.57 million tonnes worth $1.64 billion in the corresponding period last year. year. Basmati rice exports posted an impressive 30.4% growth, with shipments of 416,491 tonnes valued at $433.81 million, up from 367,465 tonnes valued at
Islamabad: The federal government has suspended two tax officials for issuing a prima facie genuine multibillion-rupee tax refund that the finance minister himself had ordered to be released with the aim of removing a block on Saudi Arabia’s $80 million investment in a Pakistani company. The development comes amid yet another government decision to slow down releases of matured exporter refunds worth Rs 23 billion following the huge fiscal shortfall – a move that also offends the Prime Minister The Federal Board of Revenue (FBR) has suspended a commissioner and a deputy commissioner for issuing a refund of Rs 2
BEIJING: A delegation of 23 sesame exporters from Pakistan visited Beijing and Handan City of Hebei Province near Beijing from August 18 to 21, where they received large orders from Chinese companies and were expected to become Pakistan’s top sesame exporters this year. On August 19, the delegation attended the Pakistan China B2B Sesame Conference at the Pakistani Embassy in Beijing. The conference was organized by the mission and the China National Grains Association (CNAGS). It was inaugurated by Pakistan Ambassador Khalil Hashmi and CNAGS Vice President Wang Zhenzhong. Head of delegation Hafiz Saad bin Mustafa spoke on the occasion.
Editor — Hamza Azhar Salam · Write to us with suggestions or tips
October 26, 2026
The Pakistan Daily
October 26, 2026
Frontpage.dev
Frontpage.dev