Beyond Today, Into Tomorrow
Islamabad: Pakistan’s efforts to accelerate the adoption of electric vehicles (EVs) through significant tax incentives have encountered a major obstacle after the International Monetary Fund (IMF) reportedly rejected a proposal to impose a reduced 1% sales tax on electric and new energy vehicles (NEVs). The development has added fresh uncertainty to the government’s plans to…
Islamabad: The National Assembly Standing Committee on Finance on Friday rejected a proposal that would have allowed the Federal Board of Revenue (FBR) to share taxpayers’ personal information with commercial banks. Lawmakers raised concerns about privacy and the possible misuse of financial data. They said the proposal could expose citizens to unnecessary scrutiny and errors….
Islamabad: The federal government is considering a major relaxation in Pakistan’s vehicle import policy by allowing the import of used cars up to five years old, a move that could increase competition, expand consumer choice, and help reduce vehicle prices. The proposal was discussed during a meeting of the National Assembly Standing Committee on Finance…
Islamabad: Pakistan’s federal budget debate for the upcoming fiscal year concluded in the National Assembly on Saturday, with Finance Minister Muhammad Aurangzeb indicating that several recommendations submitted by lawmakers would be incorporated into the Finance Bill 2026. Addressing the lower house at the end of the multi-day budget discussion, the finance minister defended the government’s…
Islamabad: The federal government on Friday announced a significant reduction in petroleum prices, cutting petrol by Rs74 per litre and high-speed diesel by Rs67 per litre in what officials described as a major relief measure for the public amid easing global oil prices. According to a statement issued by the Prime Minister’s Office, Prime Minister…
Karachi: Gold prices in Pakistan witnessed a sharp decline on Friday, falling below the Rs440,000 per tola mark as a steep downturn in international bullion markets triggered widespread selling pressure. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the local price of gold per tola dropped by Rs14,900, settling at Rs438,036. The price…
Karachi: The Pakistan Stock Exchange (PSX) experienced a notable correction on Friday as the benchmark KSE-100 Index dropped sharply by nearly 2,500 points, ending the session at 178,922 points amid widespread profit-taking after a recent bullish run. According to market reports from KTrade, the index declined by 2,475 points or 1.36% from the previous close,…
Islamabad: Pakistan’s Senate has proposed a 15% increase in salaries for government employees and recommended higher taxes on luxury assets and expensive vehicles in its suggestions for the federal budget 2026-27. According to Beyond Time News, the upper house approved 123 recommendations after four days of debate and sent them to the National Assembly, which…
Islamabad: The Asian Development Bank (ADB) has approved a $700 million loan to support major reforms in Pakistan’s insurance sector. The funding aims to expand insurance coverage, strengthen financial protection, and improve the country’s ability to deal with natural disasters and economic shocks. According to Beyond Time News, the loan will support the Insurance Transformation…
Muscat: Oman is preparing to roll out a sweeping financial reform that will make all domestic digital money transfers completely free from July 1, 2026. The move is part of a wider national push to accelerate the shift toward a cashless economy, reduce reliance on physical currency, and strengthen the country’s digital banking infrastructure. According…
