The Pakistani rupee (PKR) ended fiscal year 2023-24 with small gains against the US Dollar today after opening trade at… Read More
Govt to Set Up Tax Fraud Investigation Wing At FBR
The federal government has decided to establish a new department called (Tax Fraud Investigation Wing Inland Revenue) to detect and… Read More
HTL Inks MoU With South Korean Supplier for High-End Synthetic Lubricants
Hi-Tech Lubricants Limited (PSX: HTL) has signed a Memorandum of Understanding (MOU) with its principal supplier M/S SK Enmove Co.… Read More
IFC Approves 7-Year Debt Financing of $400 Million For PTCL to Buy Telenor Pakistan
The International Finance Corporation (IFC) has approved the debt financing of up to $400 million for a period of seven… Read More
Govt Might Retain 15% Income Tax on Banks’ Profits After PM’s Orders
Prime Minister Shehbaz Sharif has likely dented any chances of withdrawal of 15 percent income tax on banks after ordering… Read More
OGDC Waives Off Rs. 72 Billion Govt Debt
The federal government has approved the repayment of interest of Rs. 92 billion in twelve equal installments to Oil and… Read More
FBR to Begin Tax Collection from Over 39,000 Retailers Under Tajir Dost Scheme
The Federal Board of Revenue (FBR) will start collecting taxes from traders who have registered with the Traders Dost Scheme… Read More
Faysal Bank’s Parent Company to Receive $225 Million For Joint Venture Sale
Ithmaar Holding, the parent company of Faysal Bank Limited (PSX: FABL), will receive $225 million for the sale of a… Read More
Govt Attempts to Give Small Relief to Non-Filers at The 11th Hour
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
