State-owned enterprises (SOEs) reported an aggregate loss of Rs. 905 billion in fiscal year 2022-23, up 23 percent from last… Read More
American Business Council Asks Govt to Reconsider Removal of 25% Advertising Expense Policy
The American Business Council has urged the federal government to reconsider the removal of the 25 percent Sales Promotion, Advertising… Read More
Govt Might Withdraw Proposal to Bring Exporters Under Normal Tax Regime
The government is considering withdrawing its proposal to bring exporters into the normal tax regime. Instead, it may impose a… Read More
Govt Refuses to Give Relief on Gas Prices July Onwards Despite OGRA Decision
The federal government has decided not to reduce gas prices for all categories starting July 1, 2024, despite the Oil… Read More
FBR Starts Countrywide Exercise to Audit 437 Fertilizer Dealers
The Federal Board of Revenue (FBR) has initiated a countrywide exercise for conducting income tax audit of 437 urea/fertilizers dealers.… Read More
Senate Finance Committee Unanimously Rejects Proposal to Increase Taxes On Salaried Class
The Senate Committee on Finance and Revenue on Monday unanimously rejected the federal government’s proposal to increase taxes on salaried… Read More
Millat Tractors Denies Reports of Being Fined Rs. 5.4 Billion for Sales Tax Audit Discrepancy
Millat Tractors Limited (PSX: MTL) has denied media reports about being fined Rs. 5.4 billion in sales tax audit discrepancy,… Read More
Govt Has No Money so Equity Swaps only Option to Settle Pending Dues: PSO
Pakistan State Oil (PSO) has proposed equity swaps to settle its receivables balance with the federal government. The federal government… Read More
Finance Minister Assures Business Leaders Their Proposals Will Be Considered in Budget 2024-25
A delegation of Pakistan Business Council (PBC) led by Chairman PBC Shabbir Diwan called on Federal Minister for Finance and… Read More
PSX Prohibits Brokers From Making Cash Withdrawals From Clients’ Bank Accounts
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
