Business

auto

Auto sales plunge 49% post-budget, PAMA data reveals

  KARACHI (Kashmir English): Pakistan’s automobile industry saw a sharp slowdown in July 2025, with sales tumbling 49% month-on-month (MoM) to 11,034 units, reveals the data from the Pakistan Automotive Manufacturers Association (PAMA). Despite the steep monthly slowdown, volumes were up 28% year-on-year (YoY) due to a low base in July last year. Industry experts

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tax

FBR to get direct access to bank accounts to curb tax evasion

  ISLAMABAD (Kashmir English): In a major step to curb tax evasion and money-laundering, the federal government has decided to give the Federal Board of Revenue (FBR) direct access to taxpayers’ bank accounts. An updated, integrated information-sharing system between FBR and the commercial banks will allow real-time monitoring of high-risk accounts. Now it will be

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NFC award

President forms 11th National Finance Commission to plan new NFC award

ISLAMABAD (Kashmir English): The federal government has constituted the 11th National Finance Commission (NFC) for the new NFC award to distribute national revenue among the provinces. According to the notification, the President Asif Zardari has constituted the commission under clause (1) of Article 160 of the Constitution of Pakistan with immediate effect. A new notification has

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New five-year auto policy may scrap duties on vehicles

My car My number: Transfer your car now or lose its number under govt’s new campaign

ISLAMABAD (Kashmir English): The government of Pakistan is set to introduce a drastic shift for car owners in Pakistan, as the “My Car My Number” policy will connect the registration number of every vehicle with the owner’s CNIC, putting an end to confusion and racketeering. Director General of Excise and Taxation, Lahore, Umar Sher Chatha,

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