The Directorate of Valuation, Pakistan Customs, has committed to shifting valuation assessments from Karachi to Lahore, offering much-needed relief to the trading community.
During an address at the Lahore Chamber of Commerce and Industry (LCCI), Director General Syed Hamid Ali assured Read More...
Khyber-Pakhtunkhwa has witnessed a staggering threefold surge in mineral royalty revenues this fiscal year, highlighting substantial strides in economic reform and revenue enhancement.
This development was unveiled in a high-level meeting led by Chief Secretary Shahab Ali Shah, where the Read More...
As Ramadan commenced, a widespread cash shortage hit ATMs across Karachi and other cities in Pakistan, leaving frustrated customers scrambling for withdrawals. The crisis emerged as citizens rushed to access funds for Read More...
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...
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