The Federal Board of Revenue (FBR) will issue a statutory regulatory order (SRO) to impose a 40 percent additional tax… Read More
ECC Approves Rs. 424 Million as Technical Supplementary Grant for Projects of Petroleum Division
Caretaker Federal Minister for Finance, Revenue, and Economic Affairs Dr Shamshad Akhtar chaired the meeting of the Economic Coordination Committee… Read More
Pakistan, IMF Reach Agreement on Second Tranche of $700 Million Under SBA
The International Monetary Fund (IMF) staff and the Pakistani authorities have reached a staff-level agreement on the first review under… Read More
President Directs FBR to Restore Investigation Against Millat Tractors Over Fraudulent Sales Tax Refund
President Arif Alvi has directed the Federal Board of Revenue (FBR) to restore investigation against M/s Millat Tractors Ltd (MTL)… Read More
Govt Raises Rs. 1,161 Billion Via T-Bills, Cut-Off Yields Down by up to 50 BPS
The cut-off yields on Treasury Bills (T-Bills) went down by up to 50 basis points (bps) in the auction of… Read More
OGRA Urges Refineries to Sign Agreement on Brownfield Refinery Policy
The Oil and Gas Regulatory Authority (OGRA) Wednesday advised refineries to sign the agreed draft agreement regarding the Brownfield Refinery… Read More
Govt Announces Major Changes in Hajj Policy 2024
The Federal Cabinet of Pakistan has granted approval to amendments in the Hajj Policy for the year 2024. Under these… Read More
Govt Slaps 40% Tax on Windfall Profits of Banks on Foreign Exchange Income
The federal government has slapped a 40 percent tax on windfall income of banks on the recommendation of the Federal… Read More
Production of Petroleum Products Up 14% in First Quarter of FY24
The petroleum products production witnessed an increase of 13.82 percent during July-September 2023-24 as its indices went up to 93.16… Read More
HEC Ordered to Launch More Scholarships for Technical and Scientific Subjects
Caretaker Prime Minister Anwaarul Haq Kakar has instructed the Higher Education Commission (HEC) to launch scholarships for technical and scientific… Read More
Terrorist Arrested From Islamabad Airport
In a significant operation at Islamabad International Airport, the Federal Investigation Agency (FIA) officials apprehended a notorious terrorist during immigration… Read More
Large Scale Manufacturing Output Expands by 1% in September 2023
The Large Scale Manufacturing Industries (LSMI) output increased by 1.01 percent for September 2023 when compared with September 2022 and decreased… Read More
