The Lahore High Court (LHC) has given a deadline of May 4, 2023, to Prime Minister Shahbaz Sharif, Secretaries of… Read More
Bill to Amend PTA Re-organization Act Sent to Cabinet for Approval
The Cabinet Division has sent the draft amendment to the Pakistan Telecommunication (Re-organization) (Amendment) Act 2006. Sources in the Cabinet… Read More
FBR Clarifies Sales Tax Collection Mechanism on Advertisements
The Federal Board of Revenue (FBR) has legally clarified the sales tax collection mechanism between federations and provinces on the… Read More
Traders Call for Single-Digit Sales Tax Rate
Traders have proposed reducing the sales tax to single-digit phase-wise, besides demanding that double taxation shall be eliminated. Traders have… Read More
SBP Directs ADs to Transfer Export Development Surcharge Directly to Central Bank
The State Bank of Pakistan (SBP) has directed Authorised Dealers (ADs) in foreign exchange to transfer the consolidated amount of… Read More
Customs Officials in Trouble After Illegally Detaining Passengers’ iPhones and Laptop
Federal Tax Ombudsman (FTO) has directed the collector of Customs Islamabad Airport to personally investigate the matter and initiate necessary… Read More
PTA Yet to Appoint New Member Compliance & Enforcement
The post of Member Compliance and Enforcement in Pakistan Telecommunication Authority (PTA) has been vacant for over three months. The… Read More
Govt Caught Breaking IMF Mandated Rule By Borrowing Billions From State Bank
The State Bank of Pakistan (SBP) loaned Rs. 239 billion to the coalition government in the first two months of… Read More
Public Accounts Committee Directs FIA to Seize Property and Bank Accounts of Hascol
A meeting of the Public Accounts Committee (PAC) was held under the chairmanship of Member of National Assembly (MNA) Noor… Read More
MMM Holding Pvt Ltd Further Buys 15 Million Shares of Baluchistan Glass Ltd
MMM Holding (Private) Limited (MMM) has purchased an additional 15 million ordinary shares of Baluchistan Glass Limited (PSX: BGL). According… Read More
SECP Sets New Capital Requirement For Non-Life Digital-Only Insurers
The Securities and Exchange Commission of Pakistan (SECP) has directed insurance companies to maintain a minimum amount of Rs. 50… Read More
SECP Tightens Regulations for Foreign Companies Operating in Pakistan
The Securities and Exchange Commission of Pakistan (SECP) has further tightened regulations for the registration of foreign companies operating in… Read More
