The Competition Commission of Pakistan (CCP) has launched an investigation against the entire paint industry to check whether 15 manufacturers… Read More
Edible Oil Imports in Jeopardy After Banks’ Refusal to Provide Dollars
The ghee and cooking oil industry Friday warned severe shortage of the commodity in the domestic market due to the refusal of commercial… Read More
FBR to Impose 3% Additional Sales Tax on Unregistered Pharmaceutical Retailers
The Federal Board of Revenue (FBR) will charge an additional 3 percent sales tax (further tax) on supplies made to… Read More
Govt to Offer Duty and Tax Concessions to Increase Production of Electric motorcycles
The government has decided to formulate a new strategy to enhance the market share of electric bikes or electric motorcycles… Read More
Mini Budget is Being Considered With More Taxes
The government is likely to pass a mini-budget soon in order to fulfill prior actions of international lenders and meet… Read More
One of the World’s Biggest Diabetes Medicine Manufacturers Ends Operations in Pakistan
Eli Lilly Pakistan (Private) Limited, the manufacturer of Humalog medical insulin used to treat diabetes has decided to close operations… Read More
FBR Wants More Tax From Non-Filers
The Federal Board of Revenue (FBR) has decided to take policy and enforcement measures of Rs. 60 billion including additional… Read More
FBR Urges Big Companies to Promptly File Tax Returns
The Federal Board of Revenue (FBR) Thursday met with senior management of various big organizations and institutions to impress upon… Read More
Telenor Pakistan is Reportedly Up for Grabs
Telenor is moving forward with its plans of selling its business in Pakistan, which is estimated at about $1 billion,… Read More
FBR Remains Open Despite Iqbal Day Holiday
Despite the public holiday on November 9, the Federal Board of Revenue (FBR) Operations Wing Inland Revenue remained open to… Read More
Submarine Cable Fault Disrupts Internet Services Across Pakistan
A fault in one of the international submarine cables, the SMW5, has been reported, resulting in degraded internet services across… Read More
FBR’s Tax Collection Fell Massively in October 2022
The tax collection of the Federal Board of Revenue (FBR) stood at nearly Rs. 513 billion in October 2022 against… Read More
