Consumers are likely to face a rise in fuel prices as the cost of petrol and high-speed diesel (HSD) is expected to increase during the first half of February.
Industry sources suggest that the ex-refinery price of petrol could go up by Rs1.24 per liter, from Rs173.55 to Rs174.79. HSD Read More...
Despite its strategic geographic location, Pakistan has failed to fully exploit its maritime potential, with its ports not ranking among the world’s top 60. The country suffers an annual loss of nearly Rs5 trillion ($18 billion) in the maritime sector due to underused ports, tax evasion, illegal Read More...
The Federal Board of Revenue (FBR) is facing backlash after its field offices reportedly began issuing tax recovery notices to salaried individuals, allegedly as a way to meet their revenue targets. According to experts, these notices are unjust, as salaried employees already have taxes deducted Read More...
Prime Minister Muhammad Shehbaz Sharif welcomed an international investors' delegation, headed by Gentry Beach, a prominent investor from the United States, to discuss the flourishing investment landscape and economic prospects of Pakistan.
A press release from the Prime Minister’s Office Read More...
Electricity consumers might face higher security deposit requirements, with amounts potentially rising as high as Rs56,111, as eight state-owned power distribution companies (Discos) have requested approval from the National Electric Power Regulatory Authority (NEPRA) to adjust the Read More...
In the current fiscal year, 5.9 million tax returns have been filed in Pakistan, yet a striking 43.3% of these filers have reported zero taxable income, shedding light on the country’s limited tax base, as per a news report.
Official statistics show that only 3,651 individuals reported Read More...
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The Khyber Pakhtunkhwa provincial government has recorded a remarkable 49% increase in revenue generation for the first half of the current financial year, accumulating Rs42.3 billion—up from Rs28.4 billion in the same timeframe last year.
A meeting chaired by Muzzammil Aslam, the Chief Read More...
The Collectorate of Customs (Exports) at Port Qasim has uncovered a tax and duty evasion scheme valued at Rs825 million, implicating a trading unit within the Export Processing Zone (EPZ). A formal case has been filed against the company and its associates, accusing them of smuggling and Read More...
The United States has suspended aid to Pakistan, leading to the temporary halt of several major projects across various sectors, including governance, energy, education, and health. This action follows President Donald Trump’s order to review foreign assistance programs to ensure they align with Read More...
The federal cabinet has approved the Federal Board of Revenue’s (FBR) plan to acquire 77 more vehicles, bringing the total number of new cars for Grade 17 and 18 officers to 1,100. The acquisition, which is expected to cost over Rs6 billion, has been authorized by the Economic Coordination Read More...
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