Pakistan should import cotton from neighboring India to avoid another balance of payment crisis, said Pakistan Textile Council (PTC) in… Read More
World Bank to Shift Savings of $ 30 Million from Terbela-4 to Tarbela-5
The $ 30.4 million IDA Credit of World Bank is saved through cost-cutting by Wapda in Tarbela-4 Extension will… Read More
SECP Amends Regulation for Hiring New Credit Rating Agency
The Securities and Exchange Commission of Pakistan (SECP) has directed the companies to seek the No-Objection Certificate (NOC) from the existing credit… Read More
FBR Removes Critical Income Tax Return Feature From IRIS Portal
The Federal Board of Revenue (FBR) has removed a “Tab” from the new income tax return form for the tax… Read More
Race Against Time – Renewed Focus on Exports, Taxes Need of the Hour
Pakistan’s trade deficit is expected to widen over the next five years with imports expected to exceed exports, fueling uncertainty… Read More
KAPCO Seeks License Renewal As Plant Likely to Work for Another Decade
Kot Addu Power Company (KAPCO) is working swiftly to renew its Power Purchase Agreement (PPA) with the Power Division, reported… Read More
LHC Accepts Apology of Member FBR in ‘Deemed Income’ Case
The Lahore High Court (LHC) accepted the apology of FBR Member Inland Revenue (Policy) on Wednesday and adjourned the case of “tax on deemed income”… Read More
PSX Lists Rs. 2.1 Billion Sukuk Certificates of TPL Corporation
Pakistan Stock Exchange (PSX) notified the listing of Privately Placed, Rated, and Secured Sukuk Certificates (SCs) of Rs. 2.190 billion… Read More
Japan Agrees to Defer Pakistan’s $160 Million Debt
The Governments of Japan and Pakistan agreed on debt deferral amounting to approximately US$160 million, as the last phase of… Read More
ECC to Consider Rs. 10 Billion Procurement Grant for Flood Victims Today
The Economic Coordination Committee (ECC) of the federal cabinet will consider a summary regarding the allocation of Rs. 10 billion… Read More
FBR to Impose Rs. 50 Billion GST on Fuel If It Fails to Reach September’s Target
The Federal Board of Revenue (FBR) has decided to impose Rs. 50 billion worth of sales tax on petroleum products… Read More
Authorities Push for Early Retirement of 6447MW Old Thermal Plants to Cut Electricity Rates
To reduce the electricity tariff in the country, Chinese and Pakistani experts have recommended the early retirement of 6,447 MW… Read More
