The State Bank of Pakistan (SBP) has introduced enhanced collateral and eligibility criteria for improved monetary policy lending operations effective… Read More
New Tax Law Amendment Bill Approved: FBR to Pre-Audit Sales, Restrict Lavish Purchases Exceeding Declared Income
The Standing Committee on Finance and Revenue on Thursday unanimously approved the Tax Laws Amendment Bill 2024 which now allows… Read More
Top 5% Wealthiest Pakistanis Owe Rs. 1.6 Trillion in Unpaid Taxes: FBR Chairman
Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial on Thursday revealed that Pakistan’s top 5 percent earners have evaded… Read More
Govt Refuses to Share Taxpayers’ Data With Provinces
The federal government has declined to share taxpayers’ income tax returns with provincial authorities. This is due to confidentiality laws… Read More
Punjab to Impose Huge Penalty on Property Transactions Done Without Banks
The Punjab government has decided to recover a 5 percent penalty from immovable property purchases made through non-banking transactions within… Read More
OGRA Approves SNGPL Request for Rs. 8.5 Billion in Recoverable Finance Costs
In a positive development, the Oil and Gas Regulatory Authority (OGRA) has allowed 88 percent of the requested finance cost… Read More
Govt Raises Rs. 913 Billion Via Treasury Bills
The cut-off yields on Treasury Bills (T-Bills) were up by up to 22 basis points in the auction of the… Read More
FBR Eyes Increasing Tax on Bank Profits to Avoid Rs. 550 Billion Shortfall
The Federal Board of Revenue (FBR) is considering a proposal to increase taxes on bank profits to avoid a Rs.… Read More
Adhoc Relief Funds Cannot Be Used Anywhere Else: Finance Ministry
The Finance Division has reiterated that funds allocated for Adhoc Relief Allowance (ARA) 2024 cannot be used for any other… Read More
Pakistan Borrowed 38% Fewer Loans in 5 Months of FY25 Than Last Year
Pakistan borrowed $2.667 billion from multiple financing sources during the first five months (July-November) of the current fiscal year 2024-25… Read More
IFC Partners With Local Banks to Invest $50.2 Million in Tyre Production in Pakistan
IFC and a consortium of local banks, including HBL, Meezan Bank, Bank Alfalah and Habib Metropolitan Bank, are providing up… Read More
Ex-Senate Chairman Slams Finance Minister for His Double Standards on Granting New Allowances to Bureaucrats
Ex-Senate Chairman Raza Rabbani on Monday highly criticized the federal government for forming an eight-member committee to revise/grant new allowances… Read More
