The Securities and Exchange Commission of Pakistan (SECP) has revoked the licenses of four securities brokerages due to non-compliance with regulations.

As a result, the Pakistan Stock Exchange (PSX) has suspended or deactivated the trading terminals of the affected firms.

The Federal Board of Revenue (FBR) has officially requested Oil Marketing Companies (OMCs) to provide their responses concerning the Pakistan Oil Refining Policy 2023, which aims to modernize existing refineries.

The Punjab government has generated approximately Rs 650 billion in tax revenue through e-Pay Punjab, a platform developed by the Punjab Information Technology Board (PITB) in partnership with the Punjab Finance Department.

The Punjab Revenue Authority (PRA) achieved remarkable growth in December 2024, reporting a 16.16% increase compared to the same month last year and a 19% rise from November 2024.

The Federal Tax Ombudsman (FTO) efficiently addressed 12,941 taxpayer complaints against the Federal Board of Revenue (FBR) during 2024, out of a record-high 13,506 complaints received in this period.

During a cabinet meeting on Wednesday, the Prime Minister praised the performance of government officials but pointed out a significant “gap” between actual revenue collection and the targets set.

Importers of cocoa powder have been denied the ability to claim exemptions under two separate notifications simultaneously. The issue arose when importers claimed customs duty exemption under SRO 1261, a claim that was neither disputed nor denied by the department.

The Islamabad High Court (IHC) on Monday issued a detailed verdict regarding the deduction of Rs1.37 billion from the Pakistan Telecommunication Authority (PTA) bank account by the tax department.