The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to take strict disciplinary/criminal action against the… Read More
Govt to Set Up SME Industrial Estate Based on Land Lease Model
The federal government has decided to establish an SME Industrial Estate based on a land lease model to reduce the… Read More
Moody’s Sustains Stable Outlook for Pakistani Banks
Moody’s Investors Services (Moody’s) is sustaining a stable outlook for Pakistan’s banking sector (B3 stable). Its latest report on Pakistan… Read More
SBP Injects Over Rs. 3 Trillion into Banking System
The State Bank of Pakistan (SBP) has injected a whopping amount of Rs. 3.37 trillion into the banking system for… Read More
FMU Directs Financial Institutions to Promptly Report Suspicious Transactions
The Financial Monitoring Unit (FMU) has directed the financial institutions and designated non-financial businesses and professions (DNFBPs) to promptly report… Read More
Sick Industrial Units Must Attain Maximum Production Capacity to Avail Tax Amnesty
The Federal Board of Revenue (FBR) has imposed a major condition on the sick industrial units to attain maximum production capacity… Read More
Pakistan Tests Nuclear Missile That Can Hit India’s Furthest Point
Pakistan Army has conducted a successful flight test of the Shaheen-III surface-to-surface ballistic missile capable of carrying nuclear and conventional… Read More
FBR Clarifies Concessions Under Tax Ordinance for Local and Foreign Investors
The Federal Board of Revenue (FBR) has announced that the investment opportunity offered to the foreign and local investors under… Read More
PTET Appoints Syed Mazhar Hussain as New Managing Director
Syed Mazhar Hussain has joined Pakistan Telecommunication Employees Trust (PTET), one of the largest corporate funds operating in Pakistan, as… Read More
FBR Disallows Input Tax Adjustment on 778 Items for Steel and Edible Oil Sector
The Federal Board of Revenue (FBR) has issued a list of 778 items on which manufacturers of oil and ghee,… Read More
SBP Allows Commercial Banks to Raise Credit Limit for OMC and Refineries
The State Bank of Pakistan (SBP) has allowed commercial banks to raise the credit limit for oil marketing companies (OMCs)… Read More
Pakistan and China to Collaborate for Realignment of Karakoram Highway
Pakistan and China have agreed to conduct a feasibility study and detailed design for the realignment of the 250-km-long Karakoram… Read More
