The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has urged the Federal Board of Revenue (FBR) to extend the deadline for filing Income Tax Returns for the tax period ending September 30, 2026, by one month, citing persistent malfunctioning and instability of the IRIS portal. In a letter addressed to FBR Chairman Rashid Mehmood Langrial, PCDMA Chairman Salim Valimuhammad said tax prac
Prime Minister Muhammad Shehbaz Sharif, Tuesday, became the first prime minister from Pakistan to open the London Stock Exchange trading session and formally inaugurated Pakistan’s landmark USD3 billion dual-tranche sovereign Eurobond. During his address at the LSE headquarters in Paternoster Square, the prime minister highlighted Pakistan’s immense potential to attract high-yield, safe, and mu
Pakistan’s headline inflation is expected to return to double digits in August, with food and transport costs driving the monthly increase, say analysts. Inflation is projected at between 10.75%-11.3% year-on-year in August, up from 9.21% in July, according to estimates from Ismail Iqbal Securities, Topline Securities and JS Global. The readings would mark a sharp increase from the 3% recorded
As Pakistan engages with an International Monetary Fund mission over revenue targets and fiscal discipline for FY2026-27, the huge amount lost annually to illicit trade have come into sharper focus as one of the most immediate and credible sources of revenue recovery available to the government. The IMF, which has urged Pakistan to expand its tax base and strengthen revenue collection mechanism
The government on Tuesday reiterated its commitment to continue implementing agreed structural reforms as Pakistan and the International Monetary Fund (IMF) formally kicked off negotiations for the fourth review of the USD 7 billion Extended Fund Facility (EFF) and the third review of USD 1.4 billion Resilience and Sustainability Facility (RSF). Finance Minister Muhammad Aurangzeb held a virtua