The Federal Board of Revenue (FBR) has released a simplified electronic income tax return form for individual taxpayers for the tax year 2025. The final form was notified through SRO1561 of 2025 after a 40-day consultation period, following the draft version’s release for public feedback on July 7 this year. The new form is currently available only in English, while the Urdu version is still
Fitch Ratings on Monday projected improved prospects for Pakistan’s banking sector, citing stabilising macroeconomic indicators, falling inflation, and a return to economic growth. The global credit agency expects Pakistan’s GDP to grow by 3.5pc in FY27, with inflation averaging 5pc — a significant shift from the turmoil and high inflation of recent years. In a brief commentary, Fitch said bank
Pakistan’s domestic savings have dropped to just 7.4 per cent of GDP — far below the regional average of 27pc — creating chronic reliance on external financing and contributing to recurring economic boom-bust cycles, said State Bank Governor Jameel Ahmed on Monday. Speaking at the conference ‘Unlocking the Capital Markets Potential for Banks’, Mr Ahmed said the country’s low savings rate, coupl
Cotton arrivals in Pakistan dropped 17 per cent year-on-year to 887,400 bales as of Aug 15, primarily due to a sharp decline in Punjab’s output, raising concerns over the country’s domestic production outlook. According to data released by the Pakistan Cotton Ginners Association (PCGA) on Monday, Punjab — once showing a 3pc increase in arrivals by July 31 — witnessed a reversal by mid-Au
Finance Minister Mohammad Aurangzeb on Monday said the government is finalising an industrial policy aimed at fostering a business-friendly environment and accelerating industrialisation, as Pakistan moves towards macroeconomic stability and sustainable growth. Speaking at a consultative workshop titled ‘Unlocking Capital Market Potential for Banks’, organised by the Securities and Exchange Co