The Oil and Gas Regulatory Authority (OGRA) has commenced a comprehensive review of the prevailing gas pricing and rate-of-return framework, indicating a prospective transition from the existing asset-based guaranteed returns model amid progressive liberalisation of the gas market.
As Read More...
President Asif Ali Zardari has held that the Federal Tax Ombudsman (FTO) is not empowered to act as a revenue maximiser or de facto tax policymaker through interpretive exercises on tax statutes, while accepting in full eleven representations preferred by the Federal Board of Revenue (FBR) Read More...
The Federal Board of Revenue (FBR) is preparing to initiate penalty proceedings against sales tax-registered persons who have failed to integrate their systems for the issuance of electronic sales tax invoices, with enforcement commencing in January 2026 following the expiry of all Read More...
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Pakistani commercial banks emerged as standout performers in the Asia-Pacific banking sector during 2025, delivering exceptional total shareholder returns according to S&P Global Market Intelligence data.
Institutions headquartered in Pakistan secured seven positions among the top 15 Read More...
Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal presided over a session of the National Price Monitoring Committee (NPMC) to evaluate prevailing inflation dynamics and reinforce food security measures in anticipation of Ramadan.
The deliberations involved Read More...
Following the successful deployment of the Track & Trace System (TTS) in the tobacco, sugar, cement, and fertiliser sectors, the Federal Board of Revenue (FBR) intends to progressively extend TTS implementation together with electronic monitoring mechanisms to additional high-evasion Read More...
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The Federal Board of Revenue (FBR) has levied a substantial disciplinary penalty on Khalid Mahmood, an MIS officer (BS-16) posted at the Corporate Tax Office, Regional Tax Office (RTO) Lahore, for deliberately deleting CCTV footage pertinent to the theft of 20 cartons of cigarettes from the Read More...
The Federal Board of Revenue (FBR) has restructured its Customs Classification Committee through the issuance of Customs General Order No. 01 of 2026, with the primary objective of streamlining the resolution of classification disputes concerning imported goods and enhancing the precision of Read More...
The Auditor General of Pakistan (AGP) has formally recommended amendments to the Privatisation Commission’s bidder selection framework for the divestment of state-owned enterprises, with specific emphasis on strengthening pre-qualification criteria.
These observations were presented Read More...
Commercial banks have recorded subdued participation in the government’s recently reintroduced subsidised housing finance scheme, primarily due to a significant disparity between the permissible loan ceiling and actual property valuations in major urban centres.
To mitigate Pakistan’s Read More...
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