The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to conduct an investigation to check fake… Read More
FBR Discontinues Fiscal Incentives to Private Funds Industry
The Federal Board of Revenue (FBR) has discontinued all fiscal incentives available to the Private Funds (PF) sector that provides… Read More
CDNS and CDC Ink MoU for Issuance of Digital Savings Certificates
The Central Directorate of National Savings (CDNS) and Central Depository Company of Pakistan Limited (CDC) signed a Memorandum of Understanding… Read More
Pump Owners to Set Prices of Kerosene and Light Diesel Soon
The Petroleum Division has recommended the complete deregulation of the prices of Superior Kerosene Oil and Light Diesel Oil allowing… Read More
Govt to Notify New Tax Rates for Retailers in October
The government will notify new tax rates for trades under the fixed tax scheme from October 1, 2022, and old… Read More
Earnings of Top Banks to Rise Significantly After Removal of ADR-Based Tax: Report
The removal of advance-to-deposit ratio (ADR) based tax retrospectively will result in an upward revision of the earnings of UBL,… Read More
Commerce Ministry Asks Govt to Restrict Gold Imports Until Rupee Stabilizes
The Ministry of Commerce (MoC) has recommended curtailing imports of gold until the exchange rate stabilizes. A meeting of the… Read More
Govt to Control Imports for 3 Months to Keep Country on Track: Miftah
The Government of Pakistan will control the flow of imports for the next three months to keep the country on… Read More
COAS Bajwa Telephones Saudi and UAE Govts to Discuss Pakistan-IMF Deal
Chief of Army Staff (COAS) General Qamar Javed Bajwa has reached out to Saudi Arabia and the United Arab Emirates… Read More
WAPDA Seeks Power Tariff Hike of Up to Rs. 4.15 Per Unit
Water and Power Development Authority (WAPDA) has sought a hike of Rs. 0.47 per unit for the bulk supply of… Read More
Govt Planning to Allow Pump Owners to Set Their Own Prices by Deregulating Petrol
The government is likely to deregulate the prices of petroleum products in the country from 1 November 2022. An official… Read More
Apna Microfinance Bank Listed as Defaulter by NCCL
National Clearing Company Limited (NCCPL) has placed Apna Microfinance Bank in the defaulter’s segment, effective from Thursday, 4 August 2022.… Read More
