The documented steel sector has informed the Federal Board of Revenue (FBR) that the misclassification of steel products is causing… Read More
Fitch Ratings Upgrades WAPDA to CCC+
Fitch Ratings has upgraded Pakistan Water and Power Development Authority’s (WAPDA) Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’, from… Read More
No Sales Tax on Petroleum Products, Confirms Finance Minister
Finance Minister Muhammad Aurangzeb on Tuesday confirmed that the federal government will not impose a sales tax on petroleum products.… Read More
Govt Delays NBP Privatization Due to Legal Issues
The federal government on Monday postponed the privatization of the National Bank of Pakistan (NBP) due to legal issues. This… Read More
FBR Empowered to Set its Own Prices of Imported Retail Products
The Federal Board of Revenue (FBR) has been allowed to fix the value of the supply of imported (retail price)… Read More
Sales Tax Now Applicable on Imported LPG, Textile, Laptops
In order to capture the supply chain better, sales tax zero-rating on stationery items (excluding exercise books), packaged milk, fat-filled… Read More
Govt to Collect Extra Rs. 20 Billion Per Year From Refineries
The government will save an annual amount of nearly Rs. 20 billion after the change of status of zero-rating of… Read More
Popular US Consultant Offers to Streamline Pakistan’s Regulatory System
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with the Managing Director of Jacobs, Cordova, and… Read More
Govt Wants to Raise General Sales Tax on Tractors to 14%
The federal government is planning to increase the sales tax on tractors from 10 to 14 percent. In the 2024-25… Read More
Govt Presented With Plan to Cut Electricity Rates By Rs. 5 Per Unit
The federal government has been presented with a massive relief plan whereby a lump sum payment of Rs. 4 trillion… Read More
ECC Allows Import of 100,000 Metric Tons of Urea
The Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb chaired a meeting of the Economic Coordination Committee (ECC) of… Read More
OGRA and Oil Refineries Speed Up $4.5 Billion Upgrade
The Oil and Gas Regulatory Authority (OGRA) and several oil refineries are expediting the implementation of the $4.5 billion upgrade… Read More
