Mohsin Sheikhani, the Patron-in-Chief of the Association of Builders and Developers of Pakistan (ABAD), has declared that a revolutionary new era for property investment is on the horizon. This bold statement comes as the government prepares to introduce sweeping tax cuts aimed at revitalizing Read More...
Pakistan has suffered a sharp decline in Transparency International’s (TI) latest Corruption Perceptions Index (CPI), dropping two places to 135th out of 180 countries in 2024, compared to 133rd last year. The country’s score has plummeted to a dismal 27 out of 100, down from 29 in 2023, Read More...
The International Monetary Fund (IMF) scoping mission conducting the highly anticipated Governance and Corruption Diagnostic Assessment (GCDA) is set to meet with officials from the Judicial Commission and the Supreme Court of Pakistan today [Tuesday], according to BR. This crucial session will Read More...
Business leaders have voiced strong opposition to the proposed 2,600% hike in security deposit charges by electricity distribution companies (DISCOs), arguing that it will have a devastating impact on industries, particularly those in the export sector. They have called on the National Electric Read More...
The Federal Board of Revenue (FBR) is preparing to introduce significant changes to the Export Facilitation Scheme (EFS) 2021, aimed at preventing revenue losses and tightening oversight on duty-free imports.
One of the key updates is the removal of the EFS facility for importers of iron Read More...
The government is poised to amend the Civil Servants Act by February's end to fulfill a crucial structural benchmark set by the International Monetary Fund (IMF). This change will require senior government officials (BS-17 to BS-22) to declare their assets, with the filings to be submitted Read More...
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...
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