Business

ISLAMABAD (Kashmir English): The Federal Board of Revenue (FBR) has reduced the valuation rates for immovable properties in five major cities of Punjab, making targeted changes in selected areas rather than carrying out a blanket revaluation. The revised rates, which took effect on April 22, 2026, apply to Faisalabad, Gujranwala, Multan, Bahawalpur, and Sialkot. The new […]

ISLAMABAD (Kashmir English): The oil markets experienced a significant increase on Wednesday because prices went up by more than three dollars when U.S. gasoline and distillate inventories unexpectedly decreased. The rally grew stronger through the announcement of gunfire attacks which hit three container vessels in the Strait of Hormuz and the halt of peace talks

ISLAMABAD (Kashmir English): The federal government is set to introduce sweeping reforms in the automobile sector under its upcoming five-year auto policy. This policy includes the elimination of duties on imported vehicles to make cars more affordable and boost competition. The draft of the policy will be shared with the IMF for its approval and then

ISLAMABAD (Kashmir English): The first truck carrying transit goods from Kyrgyzstan has reached Pakistan’s Sost Dry Port, the first such movement by any Commonwealth of Independent States (CIS) country through its own transport. According to details, this important development was made possible by the National Logistics Corporation’s (NLC) partner company in Kyrgyzstan. 🚨 نیا تجارتی

ISLAMABAD (Kashmir English): Pakistan has received another $1 billion in funds from Saudi Arabia, which is expected to improve the country’s foreign exchange reserves. The State Bank of Pakistan confirmed the receipt of $1 billion in funds from the Saudi Ministry of Finance, saying that this amount is the second installment of the $3 billion deposit

ISLAMABAD (Kashmir English): The tax authorities in Pakistan have received orders to provide builders and developers with withholding tax exemption certificates within seven days after the developers have paid their taxes according to the special tax regime. The Federal Board of Revenue (FBR) issued Circular No. 08 of 2025-26 (IR-Policy – Income Tax) to explain