In an extraordinary development, the Federal Board of Revenue (FBR) can no longer order an investigation for arresting businessmen involved… Read More
National Bank of Pakistan Hits $1 Billion Market Cap
National Bank of Pakistan (NBP) has become the fifth listed bank on the Pakistan Stock Exchange to surpass a market… Read More
Govt Collects Rs. 4.96 Trillion Non-Tax Revenue Due to Record Petroleum Levy
The federal government’s non-tax revenue surged by Rs. 1,998 billion in FY2024-25, reaching Rs. 4,959 billion and driven largely by… Read More
Billions Lost As Banned Goods Cleared Via Customs Without Oversight
The Faceless Customs Assessment (FCA) system cleared restricted and banned goods worth Rs. 10.538 billion in violation of the Import… Read More
Power Division, SBP Clash Over Rs. 431 Billion Owed to Chinese IPPs
A dispute has emerged between the Power Division and the State Bank of Pakistan (SBP) over Rs. 431 billion owed… Read More
CCP Exposes Collusive Practices and Cartelization in Fertilizer Sector
The Competition Commission of Pakistan (CCP) has unearthed Collusive Behaviour by the Fertilizer Manufacturers and cartelization in the fertilizer sector.… Read More
FBR Again Extends Sales Tax, Excise Duty Return Submission Date
The Federal Board of Revenue (FBR) has further extended the date of submission of Sales Tax and Federal Excise Return… Read More
FBR Excludes Cotton Yarn, Grey Cloth, and Raw Cotton from Export Facilitation Scheme
The Federal Board of Revenue (FBR) has issued a revised Export Facilitation Scheme (EFS) with major changes to exclude cotton… Read More
IMF Exposes Corruption in FBR
The International Monetary Fund (IMF) has submitted its Governance and Corruption Diagnostic Assessment report to the Finance Division, where it… Read More
Immediate Tax Recovery After Notice Without Payment Deadline Unlawful: Experts
Tax practitioners have declared the same-day tax recovery from bank accounts immediately after issuing notices under Section 140 of the… Read More
Govt Approves Rs. 30 Billion Grant to Resume Remittance Subsidies
The federal government has approved an initial Rs. 30 billion supplementary grant to restart foreign remittance subsidies under the Pakistan… Read More
Accelerate Prosperity Invests in BusCaro
Accelerate Prosperity has announced an investment in BusCaro, a tech-based ride-sharing platform operating in Pakistan’s major cities, to help expand… Read More
