FBR Misses Q1 FY25 Tax Collection Target by Rs. 101 Billion Despite Meeting September Goal
The Federal Board of Revenue (FBR) has reported a substantial shortfall of over Rs. 101 billion in tax collections for
Govt Again Reduces Price of Petrol and Diesel
The Government of Pakistan has announced another reduction in the prices of petroleum products, continuing its efforts to provide relief
Pakistan Plans National Digital Payment Index to Boost Payment Digitization
In a significant move towards increasing the country’s digital economy, Pakistan is set to launch a national Digital Payment Index
Imposition of FED on Commercial and Residential Properties Challenged in Sindh High Court
The Sindh High Court (SHC) has taken up the issue of the imposition of Federal Excise Duty (FED) on the
Nishat Mills to Sell its Hospitality Business, Plans New Subsidiary in Türkiye
Nishat Mills Limited (NML), the flagship company of the Nishat Group, has announced several strategic decisions, including the disposal of
FBR to Crack Down on Unregistered Businesses with Severe Penalties
In a decisive move to address tax evasion, the Federal Board of Revenue (FBR) has announced stringent measures against unregistered
IMF Imposes Strict Conditions on Pakistan’s Loan Program
The International Monetary Fund (IMF) has introduced a series of stringent conditions for Pakistan as part of its ongoing loan
FBR to Classify Taxpayers As Late Filers if They Intentionally File Returns After Due Date
The Federal Board of Revenue (FBR) has introduced a new “late filer” category in the 2024-25 budget, targeting individuals who
Steering Committee Aims to Finalize National EV Policy Within a Month
Minister for Industries and Production, Rana Tanveer Hussain, chaired the inaugural meeting of the Steering Committee on Electric Vehicles on
Development Projects to Cost Almost 10x More Than Initial Govt Estimates
The Planning Commission has disclosed that the total cost to complete 1,071 development projects across Pakistan exceeds Rs. 13,815 billion,
