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...
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...
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