The Federal Tax Ombudsman (FTO) has unearthed serious flaws in the sales tax invoicing system of M/s. Millat Tractors Limited… Read More
Bank Account Mandatory for Forex Transactions Above $2,000
The Federal Government’s current restrictions on forex buying are temporary, and the use of a bank account is only mandatory… Read More
Planning Ministry to Establish Governance Innovation Lab to Ensure Good Governance
In order to ensure good governance and transparency in the country, the Ministry for Planning Development and Special Initiatives has… Read More
FBR’s Meeting to Discuss Audit Policy for Tax Year 2019 Canceled
The meeting of the Board-in-Council of the Federal Board of Revenue (FBR) with the main agenda item of approval of… Read More
Govt to Increase Local Production of Edible Oil to Save $7 Billion Annually
The government has decided to incentivize and substantially increase the local cultivation of sunflower and canola in response to the… Read More
PTA Blocked Almost 4.4 Million SIMS Between 2020-2022
The Pakistan Telecommunication Authority (PTA) has identified and blocked 4,395,566 Subscriber Identity Modules (SIMs) from 2020 to 2022 suspected of… Read More
Gold Prices Increase as Rupee Continues Losing Streak
The prices of gold in Pakistan continued their rise from the last week, in contrast to the rupee which has… Read More
Incorrect Adjustment of Brought Forward Losses by FBR Cost National Exchequer Rs. 23 Billion
Incorrect adjustment of brought forward losses by the Federal Board of Revenue (FBR) cost the national exchequer Rs. 23.18 billion… Read More
SSGC Seeks Tariff Increase of Rs. 667.44 per MMBTU for FY23
The Sui Southern Gas Company Limited (SSGC) has sought an increase of Rs. 667.44 per million British thermal units (MMBTU)… Read More
Pakistan’s Power Generation Down by Over 5% in October
Power generation in the country went down by 5.2 percent on a year-on-year (YoY) basis to 10,705 gigawatts per hour… Read More
RCCI Fears Closure of 30,000 Poultry Farms Due to Delay in Clearance at Port
The Rawalpindi Chamber of Commerce and Industry (RCCI) has cautioned the government that due to the non-availability of soybean meal,… Read More
Health Committee Asks Health Ministry to Ensure Quality Healthcare in Govt Employees Hospital
The Standing Committee on National Health Services, Regulations and Coordination has asked the Health Ministry for the provision of required… Read More