The Competition Commission of Pakistan (CCP) teams this week raided the offices of four suppliers involved in the provision of… Read More
Govt to Raise High-Value Cash Sales Limit to Rs. 2.5 Million for Businesses
The federal government has proposed to increase limit from Rs. 200,000 to Rs. 2.5 million for disallowing expenditure attributable to… Read More
Govt Needs to Pay Over Rs. 29 Billion to Staff to Close Utility Stores Permanently
The voluntary separation scheme (VSS) for employees of the Utility Stores Corporation (USC) has revealed that the federal government would… Read More
FBR’s Active Taxpayers List Hits Record High of 7.27 Million Filers
The Federal Board of Revenue (FBR) has confirmed that Pakistan’s Active Taxpayers List (ATL) has reached an all-time high of… Read More
Pakistan to Repay $23 Billion Foreign Debt This Fiscal Year
Pakistan is scheduled to repay over $23 billion in external debt during FY2025-26, including $11 billion to multilateral, bilateral, commercial… Read More
IMF Advises Pakistan to Raise GST Rate to Fund Development Projects
The International Monetary Fund (IMF) has rejected Pakistan’s proposal to impose a 1 percent water storage cess on all taxable… Read More
Audit Uncovers Rs. 13 Billion in Spending Violations By Law Enforcement Agencies
An audit of Interior Ministry agencies for FY2023-24 has uncovered over Rs. 13 billion in alleged procurement irregularities by Pakistan… Read More
Country-Wide Strike Not Canceled But Will Happen As Planned: KCCI
The Karachi Chamber of Commerce and Industry (KCCI) has confirmed that the nationwide strike scheduled for July 19 will proceed… Read More
IMF Asks Govt to Devise New Funding Plan for Remittance Reward Scheme
The International Monetary Fund (IMF) has directed the Ministry of Finance and the State Bank of Pakistan (SBP) to jointly… Read More
Govt Given NAB-Like Powers to Make Arrests in Simple Tax Matters
The Finance Act 2025 has expanded the definition of tax fraud under Section 2(37) of the Sales Tax Act. Businesses… Read More
National Savings Announces Rs. 750 Prize Bond Results for July 2025
The National Savings Centre in Rawalpindi has announced the results of the Rs. 750 prize bond draw for July 2025.… Read More
China Willing to Invest More in Pakistan’s Minerals
China has expressed willingness to deepen cooperation with Pakistan in agriculture, industry, and mining, reported Reuters. This was announced in… Read More
