Higher taxation on Liquefied Petroleum Gas (LPG), which was once termed the poor man’s fuel, is likely to suppress its… Read More
ECC Approves Constitution of Committee to Oversee Spectrum Auctions for 3G/4G
The government on Tuesday approved the constitution of the Auction Advisory Committee to oversee spectrum auction(s) for next-generation mobile services… Read More
FTO Recommends FBR to Penalize Pak Suzuki Against Late Delivery of Cars
The Federal Tax Ombudsman (FTO) has recommended that the Federal Board of Revenue (FBR) direct Pak Suzuki Motor Company (PSMC)… Read More
ECC Approves Purchase of 120,000MT Wheat For Afghanistan Under WFP
The government has approved the purchase of 120,000 metric tons of wheat for Afghanistan in the year 2022-23 under the… Read More
Pakistan’s Petroleum Imports Under Saudi Oil Facility Cross $300 Million
Pakistan imported petroleum products worth $100 million on a deferred payment basis under the Saudi oil facility for the third… Read More
FBR Bans Sale of Cigarettes Without Tax Stamps
The Federal Board of Revenue has banned all tobacco companies from selling cigarettes without tax stamps. Sources said that FBR… Read More
Petrol Price Could Reach Rs. 1,000 Per Liter in Pakistan: Senator
Pakistan Muslim League Nawaz (PMLN) Senator Afnan Ullah Khan Monday warned that the price of petrol could go as high… Read More
Rupee Continues Recovery Against US Dollar with Slight Gains
The Pakistani Rupee (PKR) continued to gain ground against the US Dollar (USD) and posted gains in the interbank market… Read More
SBP May Further Hike Interest Rate by up to 100 BPS
The State Bank of Pakistan (SBP) will likely raise the interest rate by up to 100 basis points (bps) in… Read More
SBP Adopts 4 More AAOIFI Shariah Standards for Islamic Banking Industry
The State Bank of Pakistan has adopted four additional Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Shariah standards… Read More
Cement Sales Decline by 8% in FY22
The total cement sales (domestic and exports) stood at 52.89 million tons during the fiscal year 2021-22 (FY22) which is… Read More
Pakistan’s Trade Deficit Surges to Over $48 Billion in FY22
Pakistan’s trade deficit widened by 55.29 percent during the fiscal year 2021-22, and reached $48.259 billion compared to $31.076 billion… Read More
