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APL Profit Falls 28.6%: Tax Implications for Petroleum Sector

28-Apr-2025
Attock Petroleum Limited (PSX: APL) disclosed a 28.6% decline in net profit for the nine months ended March 31, 2025, posting Rs7.7 billion [EPS: Rs61.88], down from Rs10.78 billion [EPS: Rs86.65] las...
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APL Profit Falls 28.6%: Tax Implications for Petroleum Sector

PTCL’s I.I. Chundrigar Road Property Sale: Key Tax Considerations

28-Apr-2025
Pakistan Telecommunication Company Limited (PTCL) has announced the sale of a prime property on I.I. Chundrigar Road, a premier commercial hub in Karachi, via a transparent and competitive bidding pro...
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PTCL’s I.I. Chundrigar Road Property Sale: Key Tax Considerations

India’s Jhelum Water Release Triggers Emergency in Muzaffarabad

27-Apr-2025
In a controversial move, India has unleashed a sudden water release into the Jhelum River without prior notification to Pakistan, following the Pahalgam attack, sparking serious concerns. This has tri...
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India’s Jhelum Water Release Triggers Emergency in Muzaffarabad

SBP Finalizes AI Guidelines for Financial Sector

27-Apr-2025
The State Bank of Pakistan (SBP) is finalizing critical guidelines to ensure the responsible use of artificial intelligence (AI) in the financial services sector, prioritizing trust, transparency, and...
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SBP Finalizes AI Guidelines for Financial Sector

PM Shehbaz Sharif Addresses PMA Kakul, Condemns Terrorism and Warns India

26-Apr-2025
At the Pakistan Military Academy in Kakul, Prime Minister Muhammad Shehbaz Sharif delivered a resolute condemnation of terrorism in all forms, affirming Pakistan’s readiness to join any neutral, tra...
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PM Shehbaz Sharif Addresses PMA Kakul, Condemns Terrorism and Warns India

RTO-1 Uncovers Rs315B Sales Tax Fraud in Iron and Steel Sector

26-Apr-2025
The Regional Tax Office-1 (RTO-1) has exposed a massive sales tax fraud valued at Rs315 billion in the iron and steel sector, orchestrated by two individuals with support from their brother and cousin...
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RTO-1 Uncovers Rs315B Sales Tax Fraud in Iron and Steel Sector

Customs Karachi Seizes Rs140M in Smuggled Goods at Port Qasim

26-Apr-2025
The Collectorate of Customs Enforcement Karachi executed a decisive operation on Friday, seizing smuggled goods worth Rs140 million outside Port Muhammad Bin Qasim Terminal. Acting on intelligence rep...
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Customs Karachi Seizes Rs140M in Smuggled Goods at Port Qasim

SBP Governor Highlights Pakistan’s Economic Stability at IMF-WB Meetings

26-Apr-2025
Governor Jameel Ahmad of the State Bank of Pakistan (SBP) showcased Pakistan’s strengthening macroeconomic stability during high-level meetings with executives from global financial giants like JP M...
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SBP Governor Highlights Pakistan’s Economic Stability at IMF-WB Meetings

Government Confirms No New Taxes for Rs1.56T Revenue Shortfall

25-Apr-2025
The government has firmly declared it will not impose new taxes or levies to offset the Rs1.56 trillion revenue shortfall triggered by revised tariff agreements with state-owned generation companies (...
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Government Confirms No New Taxes for Rs1.56T Revenue Shortfall

Punjab Releases Rs22B to Clear Medical Supply Dues for Hospitals

25-Apr-2025
The Punjab government has taken decisive action, releasing Rs22 billion in the first phase to settle long-overdue payments to medical supply contractors for public hospitals, addressing a 19-year back...
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Punjab Releases Rs22B to Clear Medical Supply Dues for Hospitals
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