A three-member scoping mission from the International Monetary Fund (IMF) is currently visiting Pakistan to conduct the Governance and Corruption Diagnostic Assessment (GCDA). The mission’s main goal is to assess the extent of corruption risks in six key state functions, as outlined in a press Read More...
Rehan Naseem Bharara, President of the Faisalabad Chamber of Commerce & Industry (FCCI), emphasized that minimizing taxes is crucial to attract both local and foreign investments. These investments, he noted, are key to driving socioeconomic growth, reducing poverty, creating job Read More...
The National Assembly Standing Committee on National Food Security and Research has instructed the Federal Board of Revenue (FBR) to consult with the International Monetary Fund (IMF) if the existing tax policies continue to fall short of generating sufficient revenue and harming the cotton Read More...
The government has announced a reduction in the return on equity (RoE) for state-owned power plants, lowering it to 13% in local currency. Additionally, the US dollar exchange rate for these plants has been capped at Rs168, as reported by The News, citing sources from the Power Read More...
The Securities and Exchange Commission of Pakistan (SECP) has once again emphasized that simply registering a company with the regulator does not grant firms the authority to collect public deposits, promise guaranteed returns, or engage in deceptive investment schemes disguised as real estate Read More...
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The Pakistan Telecommunication Authority (PTA) has urged buyers to double-check the tax status of mobile phones before making a purchase. This is to ensure alignment with Federal Board of Revenue (FBR) rules and avoid potential service issues. The PTA reminded consumers that devices must be Read More...
Pakistan will not be importing wheat this year due to sufficient domestic stocks, as confirmed by Waseem Ajmal Chaudhry, Secretary of the Ministry of National Food Security and Research (MNFS&R), during a briefing to the National Assembly Standing Committee on National Food Security and Read More...
The Pakistan Customs Agents Association has issued a stark warning to suspend import and export clearance services across the country within 15 days, citing the alleged "illegal suspension" of 45 agents' licenses and allegations of corruption within the customs department.
In a letter to Read More...
The Senate Standing Committee on Water Resources strongly criticized the Water and Power Development Authority (Wapda) for purchasing 78 luxury vehicles worth Rs740 million, despite the federal government's austerity policy that prohibits such extravagant spending.
In a heated session led Read More...
The Securities and Exchange Commission of Pakistan (SECP) hosted a crucial consultation with representatives from the Mutual Funds Association of Pakistan (MUFAP), senior officials from Asset Management Companies (AMCs), and Pension Fund Managers. The meeting's focus was on upcoming amendments Read More...
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