The federal government, just before the passage of next year’s Finance Bill, proposed some important amendments related to non-filers, wealth… Read More
Govt Likely to Withdraw 15% Income Tax on Banks’ Profits
The federal government will likely abolish up to 15 percent additional income tax on the banks’ profits made by extending… Read More
Govt to Impose Sales Tax on Stationery Items Despite Aurangzeb’s Announcement
The government will impose a sales tax on stationery items despite the announcement of Finance Minister Muhammad Aurangzeb, during the… Read More
IMF Stops Pakistan From Giving Key Tax Concessions in Finance Bill 2024
The International Monetary Fund (IMF) has declined key concessions proposed in the Finance Bill 2024. The IMF has also refused… Read More
FBR to Hire Over Two Dozen Commissioners to Process Refund Cases
The Federal Board of Revenue (FBR) has decided to create more than two dozen new ‘Commissioner Refund’ positions to process… Read More
SBP to Commemorate UN Day For Micro, Small and Medium Enterprises Tomorrow
On the occasion of the United Nations day on Micro, Small, and Medium-sized Enterprises (the UN MSMEs Day), the State… Read More
Treet Corporation’s Foreign Subsidiary Officially Incorporates in UAE
Treet Corporation Limited’s (PSX: TREET) foreign subsidiary Treet Trading LLC has been successfully incorporated with the Department of Economy and… Read More
Cabinet Approves Repayment of Rs. 82 Billion Loan to OGDC
The Federal Cabinet has approved the repayment of a longstanding Rs. 82 billion loan owed to the Oil and Gas… Read More
PM Approves JV to Relocate Chinese Industries to Pakistan
Prime Minister Shehbaz Sharif on Wednesday approved the joint venture initiative between Chinese and Pakistani companies aimed at relocating Chinese… Read More
Engro Corp to Become Wholly-Owned Subsidiary of Dawood Hercules
Shareholders of Engro Corporation Limited (PSX: ENGRO) and Dawood Hercules Corporation Limited (PSX: DAWH) have approved a new restructuring plan… Read More
UBL Extends Rs. 8 Billion Standby Letter of Credit Facility to Lucky Cement
United Bank Limited (PSX: UBL) has successfully extended a Rs. 8 billion Standby Letter of Credit Facility to Lucky Cement… Read More
Govt Withdraws 25% Sales Tax on Hybrid Vehicles
The federal government has withdrawn proposal to impose 25 percent sales tax on hybrid electric vehicles (HEVs) in Finance Bill… Read More
