Day: January 30, 2026

ISLAMABAD: The Federal Board of Revenue (FBR) has begun taking steps to recover super tax from large companies to implement the decision of the Federal Constitutional Court in the super tax case. Following the court’s ruling, the FBR has initiated contacts with major companies for the recovery of super tax. Sources in the FBR said that, in line with the court’s decision, revenue of over Rs300 billion is expected to be collected from large companies. Officials stated that after the Federal Constitutional Court’s ruling, the FBR is required to collect…

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ISLAMABAD: AD Ports Group, a UAE-based logistics company, has agreed to review existing terminal cargo handling charges following Pakistan’s demand for a reduction in fees at Karachi Port, aimed at making port operations more competitive and business-friendly. The federal government has constituted a negotiation committee to engage with AD Ports Group on the issue of cargo handling charges. The committee comprises Chairman Karachi Port Trust (KPT) Rear Admiral Shahid Ahmed, along with the country representative of AD Ports Group. The committee is expected to submit its recommendations within seven days.…

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KARACHI: The Pakistan Stock Exchange (PSX) witnessed a bloodbath sell-off after a recent period of buoyancy and closed on a decisively bearish note on Thursday, with heavy selling pressure dragging the benchmark KSE-100 index down by more than 6,000 points to 182,338. Investors were rattled by escalating tensions in the Middle East and disappointing corporate earnings, which combined to trigger panic-driven selling across the board. The steep decline was largely attributed to a negative reaction to Fauji Fertiliser Company Pakistan’s (FFC PA) CY25 results, which fell short of market expectations…

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KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $13 million during the week ended January 23, 2026, reaching $16.101 billion, according to official data released on Wednesday. The country’s total liquid foreign reserves, including commercial banks’ net reserves of $5.192 billion, stood at $21.293 billion. Analysts noted that SBP reserves now provide around 2.5 months of import cover, offering some short-term support to the external sector. Meanwhile, the Pakistani rupee gained Rs0.01 against the US dollar on Thursday, closing at 279.80 in the…

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ISLAMABAD: The National Assembly Standing Committee on National Food Security and Research met on Thursday under the chairmanship of Syed Tariq Hussain and discussed key issues related to the agriculture sector development in the country. Syed Javed Ali Shah Jillani, MNA, convener of the sub-committee on the establishment of a research centre at Khairpur, presented the report and briefed the committee in detail on its proceedings. The committee acknowledged and appreciated the efforts of the sub-committee members and directed that the recommendations be forwarded to the Ministry of National Food…

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LAHORE: Managing Director and Chief Executive Officer Pak Suzuki Motor Company Limited Hiroshi Kawamura said the company is looking forward to a new auto policy that encourages greater localisation of parts. “Suzuki continues assisting in the development of Pakistani vendor companies so they can meet global standards,” Kawamura said while talking to the media at the SME Cluster Expo in Lahore the other day. He said foreign investment is extremely important for Pakistan, not only for bringing in overseas dollars but also for transferring technology and building industrial capability. “Pakistan…

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ISLAMABAD: Pakistan and Rwanda have agreed to move toward direct trade and shipping links as part of broader efforts to deepen bilateral economic cooperation, with both sides identifying supply chain connectivity and reduced transit costs as immediate priorities. The understanding emerged during the Rwanda Coffee Festival held in Islamabad, which was inaugurated by Federal Minister for Commerce Jam Kamal Khan. On the sidelines of the event, Kamal Khan held talks with Rwanda’s Minister of Trade and Industry Prudence Sebahizi, during which the two sides agreed to establish direct supply chains,…

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ISLAMABAD: AD Ports Group, a UAE-based logistics company, has agreed to review existing terminal cargo handling charges following Pakistan’s demand for a reduction in fees at Karachi Port, aimed at making port operations more competitive and business-friendly. The federal government has constituted a negotiation committee to engage with AD Ports Group on the issue of cargo handling charges. The committee comprises Chairman Karachi Port Trust (KPT) Rear Admiral Shahid Ahmed, along with the country representative of AD Ports Group. The committee is expected to submit its recommendations within seven days.…

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ISLAMABAD: The combined profitability of Pakistan’s top 15 state-owned companies decreased last year to a mere Rs622 billion, and there was only one firm with annual profits exceeding Rs100 billion, according to a new report by the Ministry of Finance. The report, which has been approved by a cabinet committee, also pointed out serious flaws in the governance structures of all the public sector companies, including the ineffectiveness of their boards. It added that there was weak oversight by audit and risk committees of these boards. According to the State-Owned…

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