The Federal Tax Ombudsman (FTO) office conducted 203 Own Motion (OMs) investigations in leading sectors and industries during 2023 against 187 OMs in 2022,… Read More
President Alvi Upheld Majority of FTO’s Orders in 2023
President Dr Arif Alvi out rightly rejected most of the representations filed by the Federal Board of Revenue (FBR) against… Read More
Cabinet Approves 67% Increase in Gas Prices for Residential Users
The federal cabinet has approved an increase in gas prices for residential users by a whopping 67 percent. The decision… Read More
Production of Petroleum Products up 8% in First Half of FY24
The petroleum products production witnessed an increase of 8.40 percent during July-December 2023-24 as its indices went up to 95.99… Read More
Textile Exporters Urge Govt to Implement Zero-Rated GST on Energy Bills
Pakistan Textile Exporters Association (PTEA) has urged the federal government for timely refund disbursements and the implementation of zero-rated GST… Read More
Large Scale Manufacturing Output Contracts 0.4% in First Half of FY24
The overall Large Scale Manufacturing sector contracted by 0.39 percent during the first half (July- December) of 2023-24 (FY24) when… Read More
This Banking Model Can Eliminate Inflation, Debt, and Interest Costs from Pakistan
Pakistan’s huge debt servicing problem can be resolved through full reserve banking, which will eliminate high inflation, government debt, and… Read More
UK Falls Into Recession, Japan Loses Spot as World’s Third-Largest Economy
The United Kingdom and Japan have both officially entered recession after the Gross Domestic Product (GDP) of both countries declined… Read More
CCP Approves 2 Mergers in Balochistan Mining Sector
The Competition Commission of Pakistan (CCP) has granted approval to two mergers in the mining of copper and minerals sector… Read More
PSX Loses Over 1,100 Points Due to Political Turmoil
Bears ransacked the Pakistan Stock Exchange (PSX) today, with the benchmark KSE-100 index losing over 1,100 points at close amid… Read More
SECP Issues Consolidated Companies Regulations to Facilitate Local and Foreign Firms
The Securities and Exchange Commission of Pakistan (SECP) on Thursday issued consolidated Companies Regulations, 2024 to facilitate local and foreign… Read More
Rupee Fades Back to Red Against Major Currencies Amid Political Uncertainty
The Pakistani rupee was bearish against the US Dollar today after opening trade at 281 in the interbank market. It… Read More
