The Finance Act 2022 has introduced enhanced rates of tax on taxable income of banking companies attributable to investment in… Read More
FBR Reduces Withholding Tax to 1% on Sales of Third Party Goods Through Online Platforms
The Federal Board of Revenue (FBR) has reduced the rate of withholding tax from 2 to 1 percent on sales… Read More
Allied Bank Introduces Pakistan’s First Cash Recycling ATMs
To further enhance the banking experience of its customers, Allied Bank has entered into a strategic partnership with Rayyanco Business… Read More
Tax on Deemed Income of Real Estate Challenged in Court
The taxation measure of Rs. 30 billion, enforced through the Finance Act 2022 to levy tax on deemed income of… Read More
HEC Issues Clarification on Promotion of Senior Employees
The Higher Education Commission (HEC) has clarified that its BPS-15 to BPS-17 employees serving in the same scale for around… Read More
PIA Announces Up to 15% Discount on International Flights
Federal Minister for Railways Khawaja Saad Rafique Wednesday announced that Pakistan International Airlines (PIA) has decided to bring down its… Read More
Pakistan and Afghanistan to Enhance Bilateral Trade
A Pakistan delegation led by Secretary Commerce Muhammad, Sualeh Ahmed Faruqui, visited Kabul from 18-20 July to discuss mutual actions… Read More
Cabinet Division Directs All Govt Departments to Return Gifts to Toshakhana
The Cabinet Division has again directed government departments to deposit all gifts received by the government and public functionaries irrespective… Read More
Earnings from Italy in Exports and Remittances Cross $2 Billion in FY22
Posting multiple records of growth, Pakistan’s earnings from Italy in exports and remittances crossed $2 billion in Financial Year 2021-2022… Read More
Marble Manufacturers Seek Tax Relief from Govt
A delegation of the Marble Association Wednesday apprised the Federal Minister for Finance and Revenue Miftah Ismail of the issues… Read More
SECP Reconstitutes its Shariah Advisory Committee
The Securities & Exchange Commission of Pakistan (SECP) has reconstituted its Shariah Advisory Committee (SAC) under the SECP Act, 1997.… Read More
PTA Gets Over 20,000 Complaints Against Telcos During June 2022
The Pakistan Telecommunication Authority (PTA) received 20,191 complaints from telecom consumers against different telecom operators during June 2022. According to… Read More
