The Federal Board of Revenue (FBR) will not issue customs notifications to abolish/reduce customs duties, regulatory duties, and Additional Customs… Read More
ECC Approves Policy Guidelines for Petroleum Imports via Customs Bonded Storage Facilities
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Economic Coordination Committee (ECC) of… Read More
NIFT Breach Worse Than Expected, Hackers Threaten to Release ePay Source Code
While National Institutional Facilitation Technologies (Pvt.) Limited claimed that it was able to nullify an “attempted breach” that took down… Read More
DNI Group Invests $1 Million in Pakistan’s Embedded Finance Startup Neem
Neem, a leading embedded finance platform in Pakistan, and DNI group, a prominent investment firm operating across 28 countries, have… Read More
Govt Imposes Strict Condition for Property Transfers in Finance Bill 2023
The government has imposed a major condition on the sellers or transferors of immovable properties to prove before the registration/transfer authorities that tax has… Read More
The Proven Business Case for Empowering Women in Pakistan
Pakistan has successfully climbed three steps to now rank 142 out of 146 countries in the World Economic Forum’s (WEF)… Read More
NIFT Yet to Fully Recover from ‘Attempted Breach’ 6 Days On [Updated]
National Institutional Facilitation Technologies (NIFT), responsible for clearing all cheques across Pakistan, was hit by an attempted breach on its… Read More
State Bank to Help FBR Operationalize Withholding Tax Payment System
The State Bank of Pakistan (SBP) will help the Federal Board of Revenue (FBR) to fully operationalize the Synchronized Withholding… Read More
Imported Mobiles to Get Cheaper as Govt Plans to Slash Taxes in FY24 Budget
A major review of the duties and taxes structure on the import of mobile phones is underway at the Federal… Read More
Govt to Restore Withholding Tax on Cash Withdrawals
The government is planning to restore withholding tax on cash withdrawals from the banks by the non-filers. Sources told ProPakistani… Read More
Govt Planning to Remove NADRA’s Tax-Related Powers
The government is likely to withdraw the powers of the National Database and Registration Authority (NADRA) for determining the income… Read More
Govt Planning to Ban Cash Transactions Across Pakistan Beyond Certain Limit
The government is considering implementing a unique proposal in the budget (2023-24) to impose a ban on cash transactions beyond… Read More
