The government is likely to present the mini-budget through the promulgation of the Tax Laws Amendment Ordinance 2023 before the National… Read More
Govt Planning on Taxing All Cash and Online Banking Transactions
The government is considering imposing withholding tax on cash withdrawals from banks and banking instruments, and withholding tax on banking… Read More
Citizens Confused After Mysterious Electricity Blackout Hits Pakistan
A major power breakdown was reported all over Pakistan earlier today. According to the Ministry of Energy, power failure was… Read More
8 Local and 2 International Tobacco Companies Apply for Brand Registration in Pakistan
Eight local tobacco companies and two multinational cigarette manufacturing companies have applied to the Federal Board of Revenue (FBR) for… Read More
Govt Forms Committee to Review Proposal to Impose GST on DAP Imports
The government has constituted a committee to review the proposal of the domestic industry to impose a general sales tax… Read More
Oil Firms Allegedly Default on Paying Rs. 1.13 Billion Royalty to Govt
Prominent oil firms have been found allegedly defaulting on paying royalties to the government amounting to around Rs. 1.13 billion… Read More
APTMA Urges FBR to Remove Barriers in Export Facilitation Scheme Implementation
All Pakistan Textile Mills Association (APTMA) conveyed to the Federal Board of Revenue (FBR) to remove hurdles in the implementation… Read More
Ishaq Dar Vows to Recover Rs. 447 Billion from Gas Infrastructure Development Cess Defaulters
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar has expressed the resolve of the government to recover each… Read More
Neem Receives NBFC License to Strengthen Pakistan’s Lending Landscape
Embedded finance platform Neem has been granted a Non-Banking Financing Company (NBFC) license from the Securities and Exchange Commission of… Read More
Barrick Settles Reko Diq Case With Pakistan in Exchange for 50% of All Gold Reserves
Barrick Gold Corporation said today that it had completed the reconstitution of the Reko Diq project, having received a favorable… Read More
TransferWise Was Briefly Inaccessible in Pakistan [Updated]
TransferWise (now known as Wise), a popular financial service used by freelancers to transfer funds to Pakistani accounts, was briefly… Read More
FBR to Auction Off Properties and Trademarks of Tax Defaulter Brands
The Federal Board of Revenue (FBR) has decided to sell/auction the copyrights/trademarks and movable/immovable properties of business brands of big… Read More