SINGAPORE: Two liquefied natural gas tankers are exiting the Strait of Hormuz on Monday, heading to Pakistan and China, while a supertanker with Iraqi crude for China left the Gulf on Saturday after being stranded for nearly three months, shipping…

ISLAMABAD: The National Assembly Standing Committee on Finance and Revenue Friday directed the Tax Policy Unit of the Ministry of Finance and the Federal Board of Revenue (FBR) that the federal budget (2026–27) must move beyond short-term stabiliz…

NEW DELHI: India’s state-run fuel companies raised petrol and diesel prices for the fourth time in 10 days on Monday, as the Middle East war strains supplies to the world’s fastest-growing major economy. Automobile fuel prices have increased by fi…

ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has revised customs values of toys and toy parts/accessories imported from Europe, Canada, Japan, the United States, and China. A new valuation ruling (2085 of 2026) revealed that t…

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting Monday with Jane Marriott CMG OBE, British High Commissioner to Pakistan, who called on the Minister at the Finance Division. The meeting focused on Paki…

KARACHI: The State Bank of Pakistan (SBP) on Monday directed banks to observe extended working hours on May 29-30, 2026 to facilitate taxpayers in payment of duty and taxes. To facilitate taxpayers in making over-the-counter (OTC) payment of gover…

LAHORE: The proposed New Energy Vehicle (NEV) policy has triggered concerns within the auto industry, with stakeholders warning that contradictions in the framework could weaken both its environmental and industrial goals. The main controversy rev…

ISLAMABAD: Gwadar Port has successfully handled more than 53,277 metric tonnes of cargo in a major operational milestone that, officials say, reflects the port’s growing regional and international trade significance. According to official details,…

ISLAMABAD: Gwadar Port has seen a notable surge in maritime activity following the Middle East crisis and a government move to sharply cut port charges, officials said on Monday, marking a renewed boost in regional shipping activity. The revised t…

ISLAMABAD: Islamabad Industrial Estate President Omais Khattak has described the current tax system as complex, saying it hampers industrial growth and discourages exports and investment. He urged the government to introduce a single- window Natio…