The federal government plans to retain a stake in Pakistan International Airlines (PIA) after selling the airline to the highest… Read More
Govt Imposes Up to 20% Tax on Prize Bond, Lottery Winners
The federal government has imposed a fixed tax rate of up to 20 percent on winnings from prize bonds and… Read More
Govt Imposes Fixed Taxes on Imported Mobile Phone Kits and CBUs
The federal government has imposed a fixed tax rate up to Rs. 5,200 per kit on the import of mobile… Read More
Auto Industry Asks Govt to Impose 25% Regulatory Duty on Small Used Cars
The auto industry has requested the federal government to impose a 25 percent regulatory duty on imported small (used) cars… Read More
Pakistan Downgraded to Frontier Market Status By UK-Based Rating Company
Pakistan has been downgraded to frontier market (FM) status from secondary emerging market by UK-headquartered FTSE Russell, reported Bloomberg. The… Read More
Bank of Punjab to Set Up Offices in Bahrain, UAE
The Board of Directors of the Bank of Punjab (PSX: BOP) in their meeting held on July 01, 2024, have… Read More
FBR Revises Customs Value on Import of LED Lights
Directorate General of Customs Valuation Karachi has revised customs values on the import of LED Bulb Parts and LED Light… Read More
Senate Body Empowers Govt to Fire Board Members of State-Owned Entities
The Senate Standing Committee on Finance and Revenue on Wednesday empowered the federal government to fire/remove non-performing board members at… Read More
Former Minister Begs Govt to Cancel Rs. 2 Trillion Deal With IPPs And Get Cheap Electricity
Former Caretaker Minister for Interior and Commerce Dr. Gohar Ejaz has called on the federal government to cancel all agreements… Read More
Pakistan Likely to Get $6 Billion Bailout From IMF This Month
Pakistan expects to secure a staff-level agreement with the International Monetary Fund (IMF) for a bailout package of more than… Read More
SBP Sets New Guidelines For Banks to Facilitate Sugar Exports
The State Bank of Pakistan (SBP) has established new guidelines for banks to facilitate the export of 150,000 metric tons… Read More
Refineries Unhappy With Govt Exempting Imported Fuel From Sales Tax
Refineries are not happy with the government’s decision to exempt imported petroleum products from sales tax, a move that could… Read More
