The Federal Board of Revenue (FBR) has recorded a significant increase in tax collections, with higher receipts from the General Sales Tax (GST) and Federal Excise Duty (FED) contributing to stronger revenue performance during the 2025-26 fiscal year. Read More: IMF asks Pakistan to raise GST to 19% in budget 2026-27 According to official figures, the FBR […]
revenue
FBR achieves FY2025-26 tax target with Rs13.6 trillion collection
The Federal Board of Revenue (FBR) has achieved its tax collection target for the 2025-26 fiscal year, collecting a gross revenue of Rs13.601 trillion by the end of June, according to official figures. Officials said the FBR disbursed Rs597 billion in tax refunds during the fiscal year, bringing net tax revenue to Rs13.003 trillion. The […]
ChatGPT adds ads to lower-tier plans to boost revenue
OpenAI is introducing advertisements to certain ChatGPT accounts as the company explores new strategies to generate sustainable revenue, the firm announced on Friday. Read More: ChatGPT’s new feature turns AI into social hub – Daily Times In a blog post, OpenAI said it has begun testing ads in the United States for its free tier […]
Pakistan Railways Revenue Hits Record
Railways Minister Hanif Abbasi announced that Pakistan Railways has achieved record daily revenue, the highest in the past 30 years. He attributed the success to reforms implemented over the last eight months. Both passenger and freight services contributed to the revenue surge. According to the minister, Pakistan Railways has earned nearly Rs300 million per day […]
Big India series revenue fails to stop Cricket Australia’s $7M loss
Cricket Australia (CA) reported a net loss of A$11.3 million ($7.34 million) for the 2024-25 financial year. The loss came despite record revenue from hosting the five-test series against India. CA said rising costs offset gains from the series, a new domestic media deal, and strong sponsorship income. Total revenue increased by A$49.2 million to […]
No losses, only gains: PCB confirms record revenue from champions trophy
The Pakistan Cricket Board (PCB) has denied reports of financial losses from hosting the ICC Champions Trophy, confirming a revenue of PKR 10 billion. PCB spokesperson Aamir Mir stated that all tournament expenses were covered by the ICC, while additional earnings came from ticket sales and gate revenue. An audit is expected to add another […]
Chinese smartphone maker Xiaomi’s revenue and profit slides
SHANGHAI, March 24 (Reuters) – Chinese smartphone maker Xiaomi Corp (1810.HK) on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China’s COVID-19 curbs. Early signs suggest China’s economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions […]
PTCL Group revenue increases by 8% to Rs 110.5 bn
ISLAMABAD: Revenue of the PTCL Group has increased by 8 per cent to Rs 110.5 billion year-on-year basis in the first three quarters of the current year which ended on September 30, 2022, the country’s leading telecom company announced on Thursday. The financial result for nine months announced during the company’s Board of Directors’ meeting […]
Nintendo annual net profit solid but outlook cautious
Nintendo on Tuesday reported a solid net profit for the financial year to March on the strong performance of its blockbuster Switch console, but issued a cautious forecast. Uncertainties linked to the global chip shortage and potential production and transport delays caused by Covid-19 lockdowns could hit future profits, the Japanese gaming giant warned. The […]
Govt wants to make Pakistan a regionally competitive economy
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin chaired the second meeting of the Economic Advisory Council (EAC) at the Finance Division in Islamabad. The minister highlighted objective of the formation of the Economic Advisory Council, which is the promotion of evidence-based policy formation and reforms with effective consultation and feedback from all important […]