Business & Economy
Pakistan Business News
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Business Recorder
PBA hails ‘growth-focussed’ federal budget
KARACHI: The Pakistan Banks Association (PBA) has welcomed the Federal Budget 2026-27, describing it as the first budget in years to shift the country’s focus from crisis management to sustainable economic growth while maintaining the fiscal disci…
#EconomicGrowth
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Business Recorder
Anomaly Committee-Business reconstituted
ISLAMABAD: Finance Division has re-constituted the Anomaly Committee-Business in order to identify and remove the business related anomalies in the Finance Bill 2026. The Division issued a notification which noted that Terms of Reference (TOR) inc…
#Economy
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Business Recorder
Aurangzeb tells Senate body: Faceless system to end corruption of tax machinery
ISLAMABAD: Finance Minister Muhammad Aurangzeb Sunday informed the Senate Standing Committee on Finance that the discretionary powers of the Inland Revenue officials in the field formations would be taken away under the proposed National Faceless …
#MuhammadAurangzeb #Economy
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Business Recorder
Proposal seeking abolishment of CVT on foreign assets approved
ISLAMABAD: Senate Standing Committee on Finance Sunday approved a budgetary proposal to abolish Capital Value Tax (CVT) on foreign assets to facilitate resident Pakistanis having assets abroad. Currently Capital Value Tax is being charged on forei…
#Economy
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Business Recorder
PTC seeks final tax status for export levy
ISLAMABAD: While welcoming the federal budget 2026-27 and terming it business-friendly, the Pakistan Textile Council (PTC) has proposed that the combined levy of 1.25 percent on exports be treated as a full and final discharge of income tax liabil…
#SuperTax
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Business Recorder
Import of aircraft, parts: ST exemption solely for PIACL opposed
ISLAMABAD: The Senate Standing Committee on Finance Sunday strongly opposed a proposal to grant sales tax exemption on the import of aircrafts and parts by only Pakistan International Airlines Corporation Limited (PIACL) and directed the governmen…
#Economy
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Business Recorder
EDITORIAL: Billions of rupees worth of foreign-funded development projects are once again facing delays, not because international financing has dried up, not because development partners have withdrawn support, and not because the projects themse…
#Economy
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