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MoF, FBR agree to clear Rs36b deferred GST refunds
ISLAMABAD: The Ministry of Finance and the Federal Board of Revenue (FBR) have agreed to clear Rs36 billion deferred sales...
Pakistan needs enhanced financing for natural disasters: ADB
ISLAMABAD: Pakistan urgently needs to enhance the current disaster risk finance approach as risk retention mechanisms are insufficient to cover...
SBP, Zameen.com sign MoU as central bank moves to utilise real estate data
KARACHI: In a bid to enhance coverage and widen its data bank, the State Bank of Pakistan (SBP) on Tuesday...
Pakistan’s circular debt stands at Rs2.253 trillion
KARACHI: Pakistan’s circular debt has been reduced by 564 billion rupees by making payments to the power plants in the...
1.8 million KE consumers benefitting from PM’s FCA relief package
KARACHI: Following PM’s Announcement of FCA’s relief package for the month of June, 1.8 million eligible electricity consumers across KE...
FTO endorses govt’s proposal for Rs60b additional taxes on beverage industry
LAHORE: The Federal Tax Ombudsman (FTO) has strongly endorsed the government’s proposal to impose additional taxes of Rs60 billion on...
Govt to revise GDP targets as floods batter economy
ISLAMABAD: The government is likely to revise gross domestic product (GDP) targets due to devastating floods in the country which...
ATIR summons FBR’s Member Operations IR on Sept 7
ISLAMABAD: The Appellate Tribunal Inland Revenue, Islamabad (ATIR) has found some serious violations of law in the recovery of tax...
UAE’s economic team meets Miftah Ismail
ISLAMABAD: A team of economic experts from the United Arab Emirates (UAE) held a meeting with Finance Minister Miftah Ismail...
Pakistani jeweller’s gold worth Rs20m stolen ‘during flight’
KARACHI: A Pakistani jeweller's gold worth Rs20 million was stolen during a flight from Dubai, United Arab Emirates to Karachi,...
Economic loss due to Pakistan floods rises from $10b to $12.5b
KARACHI: The estimated economic loss to Pakistan from floods has increased from USD 10 billion to USD 12.5 billion. The...
Miftah appreciates contribution of PDA
ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail appreciated the contributions of Pakistan Dairy Association (PDA) and affirmed full...
Authorities concerned directed for addressing issues being faced by exporters
ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail directed the relevant authorities to take appropriate measures for resolving issues...
LHC seeks reply from OGRA over hike in fuel prices
LAHORE: The Lahore High Court (LHC) summoned a reply from the Petroleum Ministry and the Oil and Gas Regulatory Authority...
Miftah Ismail expects economy to grow by more than 3.5% this FY: Bloomberg report
ISLAMABAD: Pakistan Finance Minister Miftah Ismail expects the economy to grow by more than 3.5% for the fiscal year that...
Estimated economic loss to Pakistan from floods up to $12.5b
ISLAMABAD: The catastrophic floods in Pakistan have caused economic damages from $10 billion to $12.5 billion apart from the loss...
FBR transfers 74 PCS officers of BS-17-20 to different stations
ISLAMABAD: Federal Board of Revenue (FBR) has notified transfers and postings of Pakistan Customs Service (PCS) officers of Bs-20, BS-19,...
Customs Enforcement seizes Bentley Mulsanne stolen from London
KARACHI: The Collectorate of Customs Enforcement (CCE) has seized a Bentley Mulsanne in Karachi which was reportedly stolen from London....
PCA detects tax evasion of Rs560m by M/s Hussain Enterprises
KARACHI: Directorate of Post Clearance Audit (PCA) South has detected tax evasion of Rs859.98 million against M/s Hussain Enterprises. Sources...
Punjab Excise and Taxation dept suspends biometric registration of vehicles
LAHORE: The Punjab Excise, Taxation and Narcotics Control department has suspended biometric verification for the registration and transfer of vehicles...
