The Punjab Revenue Authority (PRA) has announced plans to intensify action against major food chains allegedly involved in tax violations across the province. The move comes as authorities seek to strengthen tax compliance and improve revenue collection from businesses operating in the food and hospitality sector. During a recent review meeting, PRA Chairman Moazzam Iqbal…
The Sindh Cabinet has formally approved the provincial budget for the fiscal year 2026-27, setting the stage for its presentation in the Sindh Assembly in the coming days. The approval marks a key policy step as the provincial government finalizes its spending priorities for the new financial year. According to details shared after the cabinet…
Pakistan’s power sector continues to face financial challenges as circular debt recorded a sharp increase during the current fiscal year, highlighting persistent structural issues within the energy sector despite an overall reduction in debt levels compared to the previous year. According to data compiled by Arif Habib Limited using figures from the Ministry of Energy,…
Pakistan’s livestock sector has once again proven to be the backbone of the country’s agricultural economy, accounting for the majority of agriculture’s growth during FY2025-26. According to the Pakistan Economic Survey 2025-26, livestock remained the largest contributor to agricultural value addition, highlighting its growing importance in supporting economic activity and rural livelihoods. The survey revealed…
Pakistan’s mango sector is facing growing challenges as declining demand for natural mango pulp raises concerns among growers and industry stakeholders. The issue recently came under the spotlight during a meeting of the National Assembly Standing Committee on National Food Security and Research, where farmers highlighted factors they believe are contributing to lower mango production…
Imported branded fruit juices and non-alcoholic beverages in Pakistan may soon see price increases following a major revision in customs valuation rules by Pakistan Customs. The update comes after more than a decade of unchanged valuation benchmarks. The Pakistan Customs has revised customs values for imported branded fruit juices and non-alcoholic drinks for the first…
Citi Pharma Limited has announced a major expansion move by planning to acquire 100 percent shareholding of Pakheim International Pharmaceuticals (Private) Limited, a Lahore-based medicine manufacturer. The acquisition is part of the company’s broader strategy to strengthen its position in Pakistan’s growing pharmaceutical sector. According to a notice submitted to the Pakistan Stock Exchange, the…
A sharp decline in documented imports of acetate tow, a key raw material used in cigarette manufacturing, has triggered concerns over rising undocumented trade and significant losses to the national exchequer. The material is essential in cigarette filter production and is subject to high taxation under current fiscal policy. According to recent trade data, imports…
The Pakistani Rupee continued its upward trajectory on Monday, marking its 143rd consecutive gain against the US Dollar. The local currency closed at 278.91, registering a marginal improvement of one paisa, but sustaining a remarkable streak that reflects relative market stability. The consistent appreciation of the Pakistani Rupee highlights improving sentiment in Pakistan’s currency market.…
The All Pakistan Petrol Pump Owners Association has warned of a potential nationwide closure of petrol pumps if urgent issues within the fuel sector are not addressed, raising concerns over a looming fuel crisis in Pakistan. In a formal letter addressed to Ali Pervaiz Malik, the association requested an immediate meeting to discuss operational challenges,…