Business

ISLAMABAD (Kashmir English): Federal Finance Minister Senator Muhammad Aurangzeb on Thursday presented the Economic Survey 2025-26, highlighting the country’s economic performance during the outgoing fiscal year and stating that Pakistan’s economy remained resilient despite domestic and international challenges. While presenting the survey in Islamabad, the finance minister said the document reflects the overall economic performance

ISLAMABAD (Kashmir English): The federal government is likely to increase the sales tax on imported electric vehicles (EVs) to 25 percent in the budget for fiscal year 2026-27. Reports said the move is being considered as several tax exemptions and incentives currently available to the electric vehicle sector are scheduled to expire on June 30,

ISLAMABAD (Kashmir English): The International Monetary Fund (IMF) has reportedly decided to pull back from imposing the proposed taxes on solar panels and stationery goods on account of the government’s request. According to media reports, the government has succeeded in convincing the IMF not to impose the proposed sales tax of 18% on solar panels,

NEW YORK (Kashmir English): Global oil prices surged sharply as tensions in the Middle East intensified following recent US strikes on Iran and growing concerns over the security of energy supplies through the Strait of Hormuz. According to international reports, investors increased oil purchases amid fears that escalating regional tensions could disrupt global energy shipments,

KARACHI (Kashmir English): The National Savings Directorate conducted the 22nd Draw of the Rs25000 prize bond on June 10, 2025, today, at SBP Banking Services Corporation (Bank), Peshawar. The transparent balloting process occurred in the presence of government officials and public observers. This savings scheme, operated under the State Bank of Pakistan, offers investors cash prizes instead of

KARACHI (Kashmir English): The National Savings Directorate conducted the 37th Draw of the Rs40000 prize bond on June 10, 2025, today, at SBP Banking Services Corporation (Bank), Muzaffarabad. The transparent balloting process occurred in the presence of government officials and public observers. This savings scheme, operated under the State Bank of Pakistan, offers investors cash prizes instead

ISLAMABAD (Kashmir English): The prices of solar panels and other related equipment have skyrocketed across the country amid fears of higher taxes in the upcoming budget for the fiscal year 2026-27. According to the details, solar panel prices have risen by up to Rs 4,000, while inverter and lithium battery prices have jumped by as much as

MUZAFFARABAD (Kashmir English): Reports of supply disruptions, particularly fuel shortages, have emerged from several parts of Azad Jammu and Kashmir (AJK) amid the ongoing law and order situation. According to sources, shortages of fuel and essential goods are being reported in a number of areas as transportation and supply chains continue to face difficulties. Residents

ISLAMABAD (Kashmir English): The government is considering giving tax relief of about Rs 50 billion to the salaried class in the new fiscal year budget. The number of income tax slabs can be increased from 6 to 8. According to sources, relief is being considered for people with an income of more than Rs 183,000 per