Finance Minister Miftah Ismail Thursday said that the government will nominate the new governor of the State Bank of Pakistan… Read More
FBR Officer Slapped with Compulsory Retirement over Unauthorized Absence from Duty
The Federal Board of Revenue has imposed the penalty of compulsory retirement on Nihal Kazim, Appraising Officer (BS-16), Collectorate of… Read More
Rs. 160 Billion Development Funds to be Released in First Quarter of FY23
The Planning Commission will release 20 percent of development funds (Rs. 160 billion) during the first quarter (July-Sept) of the… Read More
Govt to Release Rs. 700 Billion Allocated for Subsidies on Case-to-Case Basis
The Finance Ministry has decided to release subsidies allocated in the budget on a case-to-case basis during the current fiscal… Read More
Maximum Customs Duties Imposed on Crossovers and Off-Road Vehicles
The coalition government led by Prime Minister Shehbaz Sharif maintained a maximum customs duty (CD) rate of 90 percent on… Read More
Raise in Pensions of Federal Government Employees Notified
The Finance Ministry has formally enhanced the existing rate of pensions of federal government pensioners to 15 percent as per… Read More
Govt Exempts Customs Duty on Import of 9 Items From Afghanistan
The government has exempted customs duty on nine different items including coal and marble imports from Afghanistan. The Federal Board… Read More
FBR Proposes Cash Rewards for LEAs Under Customs Rules
The Federal Board of Revenue (FBR) has proposed to give cash rewards to the officials of other law enforcement agencies… Read More
NA Approves Supplementary Grants Worth Rs. 828 Billion for FY22
The National Assembly (NA) has approved supplementary demands for grants worth Rs. 828 billion related to various ministries and divisions… Read More
Finance Ministry Expects Inflation to Accelerate
The government said on Wednesday said year-on-year (YoY) inflation is expected to accelerate in June as the subsidies on fuel… Read More
Profit Repatriation in Thermal Sector Surges By 500% to $188 Million
The profits and dividend outflows on foreign investment in Pakistan increased by 500 percent in the country’s thermal sector during… Read More
FBR Creates Virtual Business Domain Team to Improve Tax Payment Systems
The Federal Board of Revenue (FBR) has created a Virtual Business Domain Team (V-BDT) of tax officials for improving tax… Read More
