Gold rates in Pakistan continued their upward trend on Friday, tracking gains in the global market where bullion climbed further above $5,000 per ounce. In the local market, the price of gold per tola increased by Rs. 2,500, reaching Rs. 526,462. The rise reflects both international price momentum and currency-linked adjustments in domestic pricing. Market…
The Federal Board of Revenue (FBR) has introduced a major reform aimed at reducing costs for vehicle importers by eliminating the role of authorised local agents in certifying car prices. Under the newly issued Customs General Order No. 2 of 2026, the FBR has amended Customs General Order No. 14 of 2005, which previously required…
The Sindh High Court has dismissed a series of petitions filed by 16 sugar mills seeking the release of an inland freight subsidy that was approved years earlier but never disbursed. The court ruled that the subsidy had effectively lapsed and could not be revived through judicial intervention, marking a significant decision for Pakistan’s sugar…
The latest IMF Technical Assistance Report has raised serious concerns about Pakistan’s sugar industry, describing it as a textbook case of how influential business groups and state regulators can work together to secure private gains at the public’s expense. The findings indicate a long-standing pattern of market distortion and policy manipulation that has allowed sugar…
Pakistan’s Federal Board of Revenue (FBR) has earned global recognition after being invited by the World Bank to present its comprehensive tax transformation as a case study in public sector reform during the annual meetings held in Washington, D.C. The session was attended by Federal Minister for Finance and Revenue Muhammad Aurangzeb, FBR Chairman Rashid…