Tag Archives: The Bizupdate

Banks to open on May 29th and 30th for tax collection

COLLECTION OF GOVERNMENT DUTIES / TAXES ON FRIDAY & SATURDAY, 29TH & 30TH MAY, 2026

KARACHI: To facilitate taxpayers in making over-the-counter (OTC) payment of Government duties and taxes, the State Bank of Pakistan (SBP) has decided, on the request of Federal Board of Revenue (FBR), that all branches of commercial banks shall observe extended working hours until 05:30 P.M. on Friday, May 29, 2026. …

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Dow University of Health Sciences Ranked No. 1 Among Medical & Health Sciences Universities in Pakistan

Dow University of Health Sciences Ranked No. 1 Among Medical & Health Sciences Universities in Pakistan

KARACHI :May 22,2026:Dow University of Health Sciences has secured the top position among all Medical and Health Sciences universities in Pakistan in the Higher Education Commission (HEC) Annual Validation Report 2024–25 through the outstanding performance of its Office of Research, Innovation and Commercialization (ORIC). The university achieved the highest overall …

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Commercial Importers Urge Govt to Remove Tax Disparity

Commercial Importers Urge Govt to Remove Tax Disparity on Raw Material Imports

KARACHI ,May 22,2026 : Commercial importers have urged the federal government to remove the tax gap between commercial and industrial raw material imports. They argued that the current system encourages tax avoidance and causes major revenue losses to the national exchequer. According to industry sources, higher taxes on commercial imports …

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