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CCP fines Mezan beverages for deceptive marketing

ISLAMABAD, Jan 2 (APP): The Competition Commission of Pakistan (CCP) has imposed a penalty of PKR 150 million on Mezan Beverages (Private) Limited, the commission said on Friday. The company was found to have imitated the packaging and trade dress of PepsiCo’s Sting energy drink, thereby engaging in deceptive marketing practices in violation of Section […]

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Finance Minister lauds FBR for achieving highest-ever revenue collection in December

ISLAMABAD, Jan 2 (APP): Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Friday praised Federal Board of Revenue (FBR) field formations for achieving the highest-ever December tax collection, calling the December 2025 performance a clear endorsement of the government’s fiscal reforms, compliance drive, and digitization efforts. “The progress made over the last 18 […]

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FBR clarifies scrutiny of exporters’ income tax returns

ISLAMABAD, Jan 01 (APP): The Federal Board of Revenue (FBR) on Thursday clarified that reports circulating on social media claiming exporters’ income tax returns will be scrutinized with the intent to impose unjust taxation are misleading and have no factual basis. It has come to the notice of the board that a letter attributed to […]

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NBP Exchange Rates

KARACHI, Jan 02 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying US DOLLAR USD    280.50280.00 EURO EUR329.97329.38 JAPANESE YENJPY1.7896 1.7865 BRITISH POUND GBP378.29  377.61 SWISS FRANCCHF354.50 353.87 CANADIAN DOLLARCAD204.61          204.25 AUSTRALIAN DOLLARAUD187.96  187.63 SWEDISH KRONA […]

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Foreign exchange rates

KARACHI, Jan 02 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Friday. CONVERSION RATES FOR JANUARY 02, 2026 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE-25 DEPOSITS) SBP SETTLEMENT VALUE DATE JANUARY 06, 2026      USD      280.0962     […]

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President HCSTSI urges immediate operationalization of Hyderabad trauma center

HYDERABAD, Jan 01 (APP):President Hyderabad Chamber of Small Traders & Small Industry (HCSTSI) Muhammad Saleem Memon has called for the immediate restoration and operationalization of the Hyderabad Trauma Center. He emphasized that the facility was located at a strategically vital location in the city, which can provide timely medical assistance not only to residents of […]

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PR freight revenue hits Rs 17b in six months

ISLAMABAD, Jan 01 (APP): Pakistan Railways has demonstrated outstanding performance in the freight sector during the first half of Financial Year 2025–26, generating a record revenue of over Rs. 17 billion in just six months. Despite several days of strike, the freight sector continued to perform strongly, earning more than Rs. 3 billion in revenue […]

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PM says implementation of economic governance policies inevitable; seeks proposals on investors’ facilitation

ISLAMABAD, Jan 1 (APP): Prime Minister Shehbaz Sharif on Thursday calling the implementation of the government’s policies on economic governance inevitable, sought proposals from all relevant ministries suggesting practical measures and a comprehensive strategy involving minimal duration. The prime minister, chairing a review meeting on economic reforms, increasing investment, and progress on proposed developmental projects, on […]