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Supreme Court Panel Recommends ADR System to Resolve Tax Disputes Faster

03-Mar-2025
A Supreme Court-commissioned committee has proposed the introduction of an Alternative Dispute Resolution (ADR) mechanism within the Federal Board of Revenue (FBR) and provincial tax authorities to ac...
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Supreme Court Panel Recommends ADR System to Resolve Tax Disputes Faster

FBR IT Wing and PRAL Under Fire for Tax Invoice Fraud Allegations

03-Mar-2025
The Multan Tax Bar Association (MTBA) has raised serious allegations against the Federal Board of Revenue’s (FBR) IT Wing and Pakistan Revenue Automation Limited (PRAL), accusing them of enabling frau...
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FBR IT Wing and PRAL Under Fire for Tax Invoice Fraud Allegations

Pakistan Confident in IMF Review. $1.1B Tranche Expected Soon

03-Mar-2025
The government remains confident about securing a positive verdict in the International Monetary Fund’s (IMF) initial assessment, which will unlock a $1.1 billion disbursement as part of the $7 billio...
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Pakistan Confident in IMF Review. $1.1B Tranche Expected Soon

TCP Faces Rs308 Billion in Outstanding Receivables Amid Financial Strain

01-Mar-2025
As of February 28, 2025, the Trading Corporation of Pakistan (TCP) is facing an alarming Rs308 billion in outstanding receivables, primarily due to delayed payments from several government agencies, i...
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TCP Faces Rs308 Billion in Outstanding Receivables Amid Financial Strain

Pakistan Faces Rs606 Billion Tax Shortfall as IMF Targets Remain Unmet

01-Mar-2025
Pakistan’s tax shortfall has expanded to Rs606 billion during the first eight months (July-February) of the 2024-25 fiscal year, as revenue collection lagged behind the IMF-mandated target despite a s...
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Pakistan Faces Rs606 Billion Tax Shortfall as IMF Targets Remain Unmet

SECP Approves Major Amendments to Strengthen Pakistan Insurance Sector

01-Mar-2025
The Securities and Exchange Commission’s (SECP) Policy Board has approved major changes to the insurance regulatory framework, which includes amendments to the Insurance Rules, 2017, Insurance Account...
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SECP Approves Major Amendments to Strengthen Pakistan Insurance Sector

Pakistan Boosts Debt Strategy, Secures $1B Loan and Prepares for IMF Talks

01-Mar-2025
Pakistan has fulfilled a crucial requirement set by the International Monetary Fund (IMF) by enhancing its debt maturity profile and securing a $1 billion foreign commercial loan scheduled for April, ...
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Pakistan Boosts Debt Strategy, Secures $1B Loan and Prepares for IMF Talks

CAT Restarts Operations with New Leadership After Hiatus

28-Feb-2025
The federal government has revamped the Competition Appellate Tribunal (CAT) by appointing a new chairman and two members, effectively reinstating its operations after a period of inactivity.A notific...
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CAT Restarts Operations with New Leadership After Hiatus

PM Rejects Proposal to Lift Dual Nationality Ban for SBP Positions

28-Feb-2025
Prime Minister Shehbaz Sharif has blocked a proposal that would have allowed dual nationals to hold important roles in the State Bank of Pakistan (SBP), including positions such as governor, deputy go...
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PM Rejects Proposal to Lift Dual Nationality Ban for SBP Positions

Rising Electricity Costs Expected This Summer Amid Water Shortages

28-Feb-2025
The government has signaled that electricity prices might rise this summer due to a decrease in water levels available for hydropower generation, increasing reliance on more expensive imported fuels. ...
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Rising Electricity Costs Expected This Summer Amid Water Shortages
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