Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to immediately dispose of (auction) or destroy confiscated… Read More
Competition Appellate Tribunal Upholds CCP Penalty Against Cable Manufacturers
The Competition Appellate Tribunal (CAT) has dismissed the appeals filed by electric cable manufacturers against the Competition Commission of Pakistan’s… Read More
SECP Launches 3-Month Regularization Scheme for Companies
The Securities and Exchange Commission of Pakistan (SECP) has introduced the Companies Regularization Scheme (CRS), effective from June 15 to… Read More
World Bank Approves $535 Million Loan to Support Two Projects in Pakistan
The World Bank’s Board of Executive Directors approved $535 million in financing for Pakistan to support two projects. The additional… Read More
Salaried Class Penalized While Agriculture Sector Evades Taxes: Salaried Class Alliance
The salaried class pays tax on gross earnings without any allowable deduction, as against other classes of taxpayers, so the… Read More
Senate Body Directs FBR to Revisit Policy on Punishing Telcos For Its Non-Filer Issue
The Federal Board of Revenue (FBR) has been ordered to create a structured penalty table for non-filers and to revisit… Read More
Most Parliamentarians Own Smuggled Vehicles: Senator Faisal Vawda
Senator Faisal Vawda on Thursday claimed that most parliamentarians own smuggled vehicles. He said this during a meeting of the… Read More
Senate Committee Opposes Increasing Tax on Electric, Hybrid Cars in Budget 2024-25
A meeting of the Senate Standing Committee on Finance and Revenue was held under the chairmanship of Senator Saleem Mandviwala… Read More
Govt Likely to Amend Finance Bill 2024 For Phase-Wise Implementation of Sales Tax on Formula Milk
The government may amend Finance Bill 2024 to impose phase-wise sales tax on infant formula etc. The phase-wise taxation under… Read More
PSX Jumps Over 2,000 Points to Hit New High As Budget Momentum Persists [Updated]
Bulls returned to the Pakistan Stock Exchange (PSX) post-Eid ul Azha with the benchmark KSE-100 index rising more than 2,000… Read More
Millat Global Runs Out of Time to Acquire 76% Stake in Hascol Petroleum
The time period given to Millat Global Holdings Limited for making an offer to acquire 76 percent shareholding of Hascol… Read More
Govt Reduces Public Debt Repayment Target By 21% For FY25
The government has cut its public debt repayment target by 21 percent for fiscal year 2024-25. This is 21 percent… Read More
