Pakistan’s economic growth rebounded to 3.9 percent in the fiscal year 2021 (ending 30 June 2021) and is expected to… Read More
FBR Updates Sales Tax on Petroleum Products
The Federal Board of Revenue (FBR) has maintained a sales tax rate of 10.54 percent on petrol from September 18,… Read More
Cotton Production Likely to Surpass Previous Estimate of 8.46 Million Bales: Fakhar
Federal Minister for National Food Security and Research, Mr. Syed Fakhar Imam, chaired a meeting to appreciate the positive trend… Read More
USF Approves Four High Speed Internet Projects for Underserved Areas of Punjab and Sindh
The Universal Service Fund (USF) Board approved four projects worth around Rs. 993 million to provide high-speed internet services to… Read More
Fitch Predicts Pakistan’s Economic Recovery to Continue in FY2021-22
Fitch Solutions maintained its forecast for the Pakistani economy to record real GDP growth of 4.2 percent in the fiscal… Read More
P3A Approves Bid Documents for 6-Lane Sukkur-Hyderabad Motorway
The seventeenth meeting of the Public-Private Partnership Authority’s (P3A) Board of Directors was held in Islamabad under the chairmanship of the… Read More
Pakistan Post Paid Rs 8.8 Million to Advertising Firm after Ombudsman Intervention
Murtaza Ali Kalas, CEO of Graymatter Communication Advertising Agency, filed a complaint against Pakistan Post for the unjust delay in… Read More
Govt Lifts 32% Subsidy on Wheat amid Rising Inflation and Public Debt
Federal Minister for Finance and Revenue Shaukat Tarin has announced that the wheat issue price for release to mills has… Read More
NHA Hires 3 Consultancy Firms to Rehabilitate and Upgrade 80-km Jhaljao-Bela Road
The National Highway Authority (NHA) Executive Board has approved the award of agreement for “consultancy services for design review and… Read More
Withholding Tax Contributed 72% to Total Income Tax Collection in FY 2020-21: FBR
The Federal Board of Revenue’s (FBR) heavy reliance on withholding taxes (WHT) is evident from the fact that the withholding… Read More
NEPRA Chairman Reveals the Real Reason Behind High Electricity Rates
Chairman NEPRA, Tauseef H Farooqi, has said that the cost of electricity has increased significantly mainly because of expensive contracts… Read More
Octopus Digital IPO Oversubscribed by a Record 27 Times
The book-building phase of Octopus Digital Limited’s Initial Public Offering (IPO) has concluded with an oversubscription up to 27 times,… Read More
