The Federal Board of Revenue (FBR) will freeze bank accounts of filers of income tax returns, who would deliberately submit… Read More
FBR Allows Commissioner Inland Revenue to Condone Time Limits for Taxpayers
The Federal Board of Revenue (FBR) has empowered Commissioner-Inland Revenue (IR) to condone time limits specified under any of the… Read More
Traders, Industry Disappointed With ‘Inadequate’ SBP Rate Cut
Atif Ikram Sheikh, President FPCCI, has apprised that the business, industry, and trade community of Pakistan is disappointed with the… Read More
SBP Cuts Key Interest Rate 3rd Time in 3 Months
The State Bank of Pakistan (SBP) announced on Thursday that it has decreased the interest rate by 200 basis points… Read More
Govt to Link Increase in Pensions to Inflation Rate
The Finance Ministry will most likely scrap the lump sum increase in pensions of retired civil servants and instead increase… Read More
Finance Division Announces Up to 26% Adhoc Relief Allowance for Govt Employees
The government has decided that the grant of Adhoc Relief Allowance-2023 will also apply to the employees of Autonomous/Semi-Autonomous Bodies… Read More
FBR to Only Give Tax Exemptions If Its Per Law
Taxpayers and exporters would only be allowed tax exemption under the Income Tax Ordinance, 2001 if such exemption is specifically… Read More
New IMF Bailout Faces Delay Till October If Pakistan Fails to Secure Financing Gap
The International Monetary Fund (IMF) could delay the new $7 billion bailout if Pakistan fails to secure a $2 billion… Read More
Dewan Farooque Motors Starts Production of Electric Vehicles in Pakistan
Dewan Farooque Motors Limited (PSX: DFML) has started the production of electric vehicles, the company informed the Pakistan Stock Exchange… Read More
FBR to Collect Advance Tax From Traders on Quarterly Basis
The Federal Board of Revenue (FBR) has categorically conveyed to the traders that the first payment of advance tax quarterly… Read More
Circular Debt to Spike by Rs. 100 Billion This Fiscal Year
The federal government has informed the International Monetary Fund (IMF) that the power sector’s circular debt is set to rise… Read More
Lucky Core Industries Completes Acquisition of Pfizer Plant in Karachi
Lucky Core Industries Limited (PSX: LCI) has completed the purchase of a manufacturing facility owned by Pfizer Pakistan Limited located… Read More
