A Big Shift in Import Policy In a significant move, the Federal Board of Revenue (FBR) has scrapped duty relief on 479 imported items, marking the end of customs exemptions previously offered under the Fifth Schedule. This decision forms part of a broader tariff reform strategy aimed at overhauling Pakistan’s import landscape. Why the Duty…
Pakistan’s Exports to Afghanistan Gain Momentum Amid Trade Growth ISLAMABAD:Pakistan’s export strategy is bearing fruit. Pakistan’s Exports to Afghanistan jumped an impressive 38.68% in the fiscal year 2024-25, reaching $773.892 million—up from $558.032 million in FY 2023-24, according to State Bank of Pakistan (SBP) data. This export surge marks a key success in Pakistan’s trade…
The Federal Board of Revenue (FBR) has announced the removal of tax on foreign online sellers, marking a major step towards promoting the e-commerce industry in Pakistan. This decision is expected to open new opportunities for local entrepreneurs, improve access to global products, and strengthen Pakistan’s digital economy. Government’s Decision to Support E-Commerce Growth The…
A Major Leap Toward Digital Transformation and Artificial Intelligence Integration In a landmark decision, the Federal Cabinet Approves National AI Policy 2025, marking a significant step toward digital transformation and tech innovation in Pakistan. This move positions the country among nations actively working to integrate artificial intelligence (AI) across public and private sectors. The policy…
Government Moves to Curb Rising Sugar Price Across Country Prime Minister Shehbaz Sharif has ordered immediate action against the artificial sugar price hike.The move aims to counter inflation and stabilize the economy. The decision came after market reports revealed an unjustified surge in sugar price, affecting millions of households nationwide. The sugar price hike has…
Insulin Imports & Pharma Joint Ventures Advance Bilateral Partnerships ISLAMABAD:Pakistan and Russia are moving ahead on Insulin Imports through pharmaceutical joint ventures. This step marks a major leap in bilateral cooperation. The initiative aims to ensure a reliable insulin supply for Pakistan’s diabetic patients. A high-level meeting convened by Special Assistant to the Prime Minister…
Honda Atlas Cars Introduces HR‑V e:HEV as Hybrid Milestone LAHORE:Honda Atlas Cars (Pakistan) has officially launched its first hybrid SUV—the Honda HR‑V e:HEV. This marks a defining moment for Honda Atlas Cars and Pakistan’s shift toward sustainable mobility.The launch took place with the symbolic First Car Line‑Off ceremony, celebrating the start of local production for…
Banking Support Key to Pakistan’s Industrial Growth ISLAMABAD:On Wednesday, Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, met with Rehmat Ali Hasni, President of the National Bank of Pakistan (NBP). The two leaders discussed new strategies to boost industrial growth in Pakistan. They focused on industrial loans, investment promotion, and…
Power Sector’s Debt Surge Raises Alarm in Pakistan ISLAMABAD:Power Sector’s circular debt climbed to a massive Rs1.6 trillion by June 30, 2025, according to the Central Power Purchasing Agency‑Guaranteed (CPPA‑G) report. This figure excludes losses from recovery shortfalls and distribution inefficiencies. The previous day, the Power Division had told the PM that circular debt was Rs780 billion. This…
A new Chinese business delegation has arrived in Pakistan with bold priorities. Led by Yi Jiang, Director of the All-China Federation of Industry and Commerce (ACFIC), the team visited Federal Minister for Energy Sardar Awais Ahmad Khan Leghari at the Ministry of Energy in Islamabad.The delegation aims to forge real partnerships on investment, industrial relocation,…
