The Pakistan Stock Exchange (PSX) has prohibited securities brokers from making cash withdrawals from client-titled bank accounts to ensure that… Read More
Finance Bill 2024 Empowers FBR to Probe Tax Fraud Suspects
Finance Bill 2024 has empowered Inland Revenue officials to conduct an investigative audit of persons suspected to be involved in… Read More
Is Pakistan’s News Industry Headed For An Extinction-Level Event?
Some years after side-stepping legacy media as the go-to source for news about current affairs, Pakistan’s digital media business is… Read More
Pakistan Fintech Association Urges Strong Governance, Greater Distribution Partnerships for Raast
The Pakistan Fintech Association (PFA) is calling on all fintech companies, both regulated and non-regulated, to place a heightened emphasis… Read More
Senate Committee Rejects Proposal of 18% Sales Tax on Mobile Phones
The Senate Standing Committee on Finance and Revenue has rejected the government’s budget proposal to impose an 18 percent sales… Read More
Chairman Finance Committee Criticizes FBR for Using Aggressive Tactics to Meet Tax Targets
Chairman Senate Finance Committee Salim Mandviwala has criticized the Federal Board of Revenue (FBR) for using aggressive measures to meet… Read More
Senate Panel Recommends Mandatory Credit/Debit Card Transactions for Purchases Exceeding Rs. 30,000
The Senate Standing Committee on Finance and Revenue convened its 9th consecutive session to finalize recommendations on the Finance Bill… Read More
Senator Faisal Vawda Unhappy With Non-Filers Getting Exemptions for Umrah, Hajj
Senator Faisal Vawda today questioned the rationale behind exemptions for non-filers during religious pilgrimages like Hajj and Umrah and suggested… Read More
Rupee Again Ends Week At 278 Against US Dollar
The Pakistani rupee (PKR) ended the US Dollar with gains today after opening trade at 278 in the interbank market.… Read More
FTO Detects Serious Flaws in FBR’s Withholding Tax Deduction on Purchase/Lease of Vehicles
Federal Tax Ombudsman (FTO) has detected serious flaws in withholding tax deductions on the purchase/lease of vehicles by individuals/businesses, depriving… Read More
HUBCO Subsidiary Partners With China’s BYD to Launch Electric Vehicles in Pakistan
The Hub Power Company Limited (PSX: HUBC) through its associated company, Mega Motor Company (Private) Limited, is entering into a… Read More
New Tax Law Gives FBR Authority to Demand Wealth Statements From Anyone
The Finance Bill 2024 has allowed the Commissioner Federal Board of Revenue (FBR) to demand wealth statements and details of… Read More
