A Supreme Court-commissioned committee has proposed the introduction of an Alternative Dispute Resolution (ADR) mechanism within the Federal Board of Revenue (FBR) and provincial tax authorities to accelerate tax dispute settlements and ease the burden on the judiciary. The Express Tribune Read More...
The Multan Tax Bar Association (MTBA) has raised serious allegations against the Federal Board of Revenue’s (FBR) IT Wing and Pakistan Revenue Automation Limited (PRAL), accusing them of enabling fraudulent sales tax Read More...
The government remains confident about securing a positive verdict in the International Monetary Fund’s (IMF) initial assessment, which will unlock a $1.1 billion disbursement as part of the $7 billion Read More...
As of February 28, 2025, the Trading Corporation of Pakistan (TCP) is facing an alarming Rs308 billion in outstanding receivables, primarily due to delayed payments from several government Read More...
Pakistan’s tax shortfall has expanded to Rs606 billion during the first eight months (July-February) of the 2024-25 fiscal year, as revenue collection lagged behind the IMF-mandated target despite a strong Read More...
The Securities and Exchange Commission’s (SECP) Policy Board has approved major changes to the insurance regulatory framework, which includes amendments to the Insurance Rules, 2017, Insurance Accounting Regulations, Read More...
Pakistan has fulfilled a crucial requirement set by the International Monetary Fund (IMF) by enhancing its debt maturity profile and securing a $1 billion foreign commercial loan scheduled for April, according to a recent Read More...
The federal government has revamped the Competition Appellate Tribunal (CAT) by appointing a new chairman and two members, effectively reinstating its operations after a period of inactivity.
A notification from the Ministry of Law and Justice confirmed the new appointments on Read More...
Prime Minister Shehbaz Sharif has blocked a proposal that would have allowed dual nationals to hold important roles in the State Bank of Pakistan (SBP), including positions such as governor, deputy governors, and members of the monetary policy committee. The decision was made despite a unanimous Read More...
The government has signaled that electricity prices might rise this summer due to a decrease in water levels available for hydropower generation, increasing reliance on more expensive imported fuels. This forecast was shared during a public hearing regarding the negative fuel cost adjustment Read More...
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