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Federal Ministries Fall Short on RTI Compliance: FAFEN

08-Jan-2025
The Free and Fair Election Network (FAFEN) has reported that most federal ministries and divisions fail to meet the disclosure standards set by the Right of Access to Information Act (RTI), 2017.FAFEN...
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Federal Ministries Fall Short on RTI Compliance: FAFEN

Karachi Leads as Top Tax Contributor in FY 2023-24

08-Jan-2025
The Federal Board of Revenue (FBR) has unveiled its annual report for fiscal year 2023-24, spotlighting Karachi as the top contributor to Pakistan’s tax revenues, according to Express News.Karachi’s L...
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Karachi Leads as Top Tax Contributor in FY 2023-24

SBP’s $9 Billion Market Intervention in 2024 Stabilizes Reserves Amid Debt Challenges

07-Jan-2025
The State Bank of Pakistan (SBP) purchased over $9 billion from the local market in 2024 to stabilize foreign exchange reserves, marking a record intervention. This disclosure was made by Governor Jam...
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SBP�s $9 Billion Market Intervention in 2024 Stabilizes Reserves Amid Debt Challenges

Private Sector Borrowing Soars to Rs1.9 Trillion in First Half of FY25

07-Jan-2025
The private sector borrowed an unprecedented Rs1.9 trillion from banks during the first half of FY25, marking a staggering 265% increase compared to Rs521 billion in the same period last fiscal year, ...
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Private Sector Borrowing Soars to Rs1.9 Trillion in First Half of FY25

Federal Tax Ombudsman Doubles Complaint Resolutions in 2024, Setting New Benchmark

07-Jan-2025
The Federal Tax Ombudsman’s office achieved a significant milestone in 2024 by resolving 2,442 complaints, more than double the 1,066 complaints addressed in 2023. This remarkable progress reflects th...
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Federal Tax Ombudsman Doubles Complaint Resolutions in 2024, Setting New Benchmark

PITB and Punjab Excise Launch E-Auction for Premium Vehicle Numbers

07-Jan-2025
The Punjab Information Technology Board (PITB), in partnership with the Punjab Excise and Taxation Department, has officially commenced the registration process for the January e-auction of premium ve...
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PITB and Punjab Excise Launch E-Auction for Premium Vehicle Numbers

PSBA Raises Concerns Over Tax Amendment’s Impact on Stock Market

07-Jan-2025
The Pakistan Stockbrokers Association (PSBA) has raised concerns regarding the potential negative impact of a proposed tax amendment on the stock market and investors. In a letter to Senator Aurangzeb...
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PSBA Raises Concerns Over Tax Amendment�s Impact on Stock Market

UAE Rolls Over $2 Billion Loan: PM Shehbaz Shares Economic Outlook

07-Jan-2025
Prime Minister Shehbaz Sharif announced on Tuesday that the United Arab Emirates (UAE) has agreed to roll over a $2 billion loan originally due in January.During the federal cabinet meeting, the prime...
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UAE Rolls Over $2 Billion Loan: PM Shehbaz Shares Economic Outlook

PPL Finalizes Settlement with Iraqi Midland Oil Company

06-Jan-2025
Pakistan Petroleum Limited (PPL) has confirmed that its subsidiary, PPL Asia E&P B.V. (PPLA), has received $6 million from Midland Oil Company (MdOC), an Iraqi state-owned enterprise, as part of a...
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PPL Finalizes Settlement with Iraqi Midland Oil Company

Suhail Jute Mills Faces Revival Challenges Amid Funding and Land Sale Delays

06-Jan-2025
Suhail Jute Mills Limited (PSX: SUHJ) continues to face significant obstacles in securing working capital and settling creditor liabilities, delaying the restart of its commercial operations.As detail...
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Suhail Jute Mills Faces Revival Challenges Amid Funding and Land Sale Delays
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