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PAC Probes Rs312 Billion Tax Irregularity as FBR Faces Transparency Concerns

06-Mar-2025
The Public Accounts Committee (PAC) has sent a Rs312 billion sales tax irregularity case back to the Federal Board of Revenue’s (FBR) Departmental Audit Committee (DAC) for further inquiry, as per a B...
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PAC Probes Rs312 Billion Tax Irregularity as FBR Faces Transparency Concerns

CCP Fights Legal Barriers as Pakistan Pushes for Stronger Market Regulations

05-Mar-2025
Deputy Prime Minister Ishaq Dar has voiced concerns over the legal challenges hindering the Competition Commission of Pakistan (CCP), noting that despite the commission’s decisive actions against vari...
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CCP Fights Legal Barriers as Pakistan Pushes for Stronger Market Regulations

IMF Pushes Pakistan for Tougher Tax Enforcement

05-Mar-2025
The International Monetary Fund (IMF) has assessed the Federal Board of Revenue’s (FBR) initiative to broaden the retailer tax base and implement Compliance Risk Management (CRM) strategies, aiming to...
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IMF Pushes Pakistan for Tougher Tax Enforcement

Govt Mulls Spending Cuts and Tax Hikes Amid Rs600B Deficit

05-Mar-2025
The government is considering additional fiscal measures, such as spending cuts and stricter revenue enforcement, to tackle a Rs600 billion budget deficit ahead of securing the next $1.1 billion disbu...
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Govt Mulls Spending Cuts and Tax Hikes Amid Rs600B Deficit

Govt Aims to Recover Rs500B in Tax Disputes Amid Fiscal Deficit

05-Mar-2025
Prime Minister Shehbaz Sharif has instructed authorities to accelerate the resolution of pending tax cases in courts, setting a target of Rs500 billion in recoveries by June.Addressing a cabinet meeti...
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Govt Aims to Recover Rs500B in Tax Disputes Amid Fiscal Deficit

Govt Bank Borrowing Drops 84 percent, But Fiscal Pressures Persist

05-Mar-2025
Government borrowing from banks has plunged by 84% in the first seven and a half months of the current fiscal year, dropping to Rs658 billion from Rs4.044 trillion recorded in the same period last yea...
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Govt Bank Borrowing Drops 84 percent, But Fiscal Pressures Persist

Pakistan to Enforce Tough Real Estate Tax Laws Amid IMF Loan Talks

04-Mar-2025
The International Monetary Fund (IMF) has pressed Pakistan to step up its crackdown on tax evasion in the real estate sector as part of ongoing discussions to unlock a $1 billion installment from the ...
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Pakistan to Enforce Tough Real Estate Tax Laws Amid IMF Loan Talks

Major Customs Shift. Lahore to Handle Valuation, Easing Burden on Traders

04-Mar-2025
The Directorate of Valuation, Pakistan Customs, has committed to shifting valuation assessments from Karachi to Lahore, offering much-needed relief to the trading community.During an address at the La...
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Major Customs Shift. Lahore to Handle Valuation, Easing Burden on Traders

KP Revenue Soars. 200 percent Growth in Mineral Royalties Reflects Strong Financial Reforms

04-Mar-2025
Khyber-Pakhtunkhwa has witnessed a staggering threefold surge in mineral royalty revenues this fiscal year, highlighting substantial strides in economic reform and revenue enhancement.This development...
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KP Revenue Soars. 200 percent Growth in Mineral Royalties Reflects Strong Financial Reforms

ATM Cash Shortage Hits Pakistan as Ramadan Begins

03-Mar-2025
As Ramadan commenced, a widespread cash shortage hit ATMs across Karachi and other cities in Pakistan, leaving frustrated customers scrambling for withdrawals. The crisis emerged as citizens rushed to...
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ATM Cash Shortage Hits Pakistan as Ramadan Begins
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