Business Recorder

‘Pakistan, China now prioritising second phase of CPEC’

ISLAMABAD: Deputy Prime Minister and Foreign Minister (DPM/FM) Ishaq Dar said that Pakistan and China are now prioritising the second phase of CPEC, which focuses heavily on industrialization, agricultural modernization, and socio-economic develop…

#PakistanChinaDiplomaticTies #CPEC

Business Recorder

Illegal tobacco industry: ‘Firm, action against tax evasion must for protecting revenue base’

ISLAMABAD: Mubashir Akram, Country Director, ACT Alliance Pakistan, has appreciated the Government of Pakistan, Prime Minister Shehbaz Sharif, and the Federal Board of Revenue for continuing enforcement against the illegal tobacco industry, saying…

#TaxEvasion #Economy

Business Recorder

Packaged milk, iron and steel, oil and ghee: FBR to electronically monitor processes from factories

ISLAMABD: The Federal Board of Revenue (FBR) has decided to electronically monitor manufacturing, production and clearance processes of packaged milk, iron and steel, oil and ghee from factories. The FBR has already given deadline of June 15, 2026…

#IndustrialMonitoring #Economy

Business Recorder

ECAP Chairman praises improvement in forex reserves

KARACHI: Chairman of the Exchange Companies Association of Pakistan (ECAP), Malik Muhammad Bostan, has said that the continuous improvement in Pakistan’s foreign exchange reserves, growing confidence of the IMF in the current government, and the s…

#ForexReserves #Economy

Business Recorder

PIA concludes pre-Hajj operations

KARACHI: With the transportation of more than 53,000 intending pilgrims to Saudi Arabia, PIA’s pre-Hajj operation has concluded on May 21, 2026. According to the PIA officials, the airline, which successfully maintained an overall 97 percent fligh…

#PIA #Hajj2026

Business Recorder

Commercial & industrial imports: Major trade bodies demand end to tax disparity

KARACHI: Commercial importers have called on the federal government to end the tax gap between commercial and industrial imports of raw materials, saying the disparity is driving tax avoidance, distorting the market, and leading to substantial los…

#BusinessReforms #Economy

Business Recorder

OGDC secures eight offshore blocks

ISLAMABAD: Oil and Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production company, has secured eight offshore exploration blocks under the Offshore Bid Round 2025, marking a major expansion of its exploration portfol…

#OGDCL #Petroleum

Business Recorder

FBR makes registration documents mandatory for INGOs

ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for the International Non-Government Organizations (INGOs) to submit comprehensive documentation for registration to the tax department. In this regard, the FBR has released a lis…

#FBR

Business Recorder

Club Eighteen hosts Caddies Cup ‘Golf Development Programme’

ISLAMABAD: The Club Eighteen Thursday successfully hosted the Caddies Cup “Golf Development Programme”, bringing together emerging golfing talent from across the region. A total of 53 caddies representing seven different golf courses participated …

Business Recorder

SJC dismisses all 5 complaints against CJP

ISLAMABAD: Chief Justice of Pakistan Justice Yahya Afridi on Thursday opted to make public the decisions of the Supreme Judicial Council (SJC) on all five (5) complaints filed against him. The SJC in its meeting, held on 14-05-26, unanimously dism…