The Federal Board of Revenue (FBR) has drafted Tax Laws Amendment Ordinance 2024 to abolish the categories of “late-filers” and “non-filers”… Read More
Finance Minister to Request US Financing for Energy Projects Next Week
Finance Minister Muhammad Aurangzeb will meet US Assistant Secretary of State for Energy Resources Geoffrey Ross Pyatt during his visit… Read More
Over 9,200 Big Retailers Have So Far Registered With FBR’s Tajir Dost Scheme
A total of 9,290 Tier-1 retailers have so far registered with the Tajir Dost Scheme. The Federal Board of Revenue… Read More
SHC Waives FBR’s Affidavit Requirement for Filing September Sales Tax Returns
Sindh High Court (SHC) has directed the Federal Board of Revenue (FBR) to ensure that sales tax returns of registered… Read More
Rupee Makes Big Jump Against US Dollar to End Another Dull Week
The Pakistani rupee (PKR) posted small gains against the US Dollar (USD) to end the week after opening trade at… Read More
Chief Financial Officers Disappear Fearing FBR Raids Due to Tax Fraud
After the recovery of nearly Rs. 700 million from a leading exporter of Faisalabad, the Federal Board of Revenue (FBR)… Read More
PRL Denies $1 Billion Investment Agreement With Chinese Company
Pakistan Refinery Limited (PSX: PRL) has denied media reports of entering a commitment with any Chinese company. “News clipping dated… Read More
Pakistan’s Macroeconomic Situation Has Improved: SBP Report
The State Bank of Pakistan (SBP) released the Annual Report on the State of Pakistan’s Economy for the fiscal year… Read More
Mega Motors and China’s BYD Finalize Deal to Make Electric Cars in Pakistan
Mega Motor Company (Private) Limited, an associated company of The Hub Power Company Limited (PSX: HUBC) has entered into a… Read More
US Envoy Lauds Pakistan’s Bold Reforms in Taxation, Energy Sector
Federal Finance and Revenue Minister Muhammad Aurangzeb has reiterated the government’s resolve to carry on with broad-based reforms on taxation,… Read More
Chinese Corporation to Provide $1 Billion to Upgrade Pakistan Refinery Ltd
A Chinese investment company has decided to invest $1 billion in Pakistan Refinery Limited (PRL) to upgrade its production facilities.… Read More
Govt Repays Loan of Rs. 92 Billion to Local Banks
The federal government has paid back over Rs. 92 billion to local banks in the current fiscal year after amassing… Read More
