Karachi Port has started handling transhipment cargo destined for the United Arab Emirates following significant disruptions in regional maritime routes caused by the ongoing geopolitical tensions involving the United States, Israel and Iran.
According to port authorities, major container Read More...
The Federal Board of Revenue (FBR) has issued comprehensive Standard Operating Procedures (SOPs) governing the initiation of inquiries, investigations, prosecutions, and arrests in cases involving alleged tax fraud under Section 37A of the Sales Tax Act during the course of assessment Read More...
The All Pakistan Textile Mills Association (APTMA) has urged the Federal Board of Revenue (FBR) to allow textile exporters to adjust their super tax liabilities against pending tax refunds and to permit payment of the remaining amount through instalments, citing liquidity constraints in the Read More...
Islamabad: The federal government has announced a significant increase in petroleum prices, raising both petrol and diesel rates by Rs55 per litre due to rising global oil prices. The surge in international prices is largely attributed to escalating tensions and Read More...
A recent study examining Pakistan’s taxation framework has revealed that the salaried segment is bearing a disproportionately larger share of the country’s tax burden compared with several other economic sectors. According to findings cited by The News, salaried individuals are Read More...
The State Bank of Pakistan (SBP) has formally withdrawn the authorization granted to Riaz Exchange Company (Pvt.) Ltd. to operate as a foreign exchange dealer after the company requested permission to discontinue its business operations.
In an official statement released by the central Read More...
The Securities and Exchange Commission of Pakistan (SECP) has approved the voluntary de-registration request submitted by LSE Capital Limited as a modaraba company and has also cancelled its Modaraba Management Company licence with immediate effect. The decision was communicated through official Read More...
Pakistan’s banking sector has experienced substantial expansion over the past five decades, with total monetary assets increasing from less than Rs25 billion in the early 1970s to more than Rs69 trillion by 2021, according to a report released by Gallup Pakistan based on data from the State Read More...
The Securities and Exchange Commission of Pakistan (SECP) registered 3,444 new companies during February, increasing the total number of incorporated entities in Pakistan to 287,049.
According to the regulator, private limited companies constituted the majority of new incorporations, Read More...
The Government of Pakistan is formulating the country’s first Power Sector Indigenisation Plan (PSIP) for 2026–2035, a comprehensive policy initiative aimed at enhancing domestic manufacturing capacity for electrical power equipment and curbing reliance on imports, as reported by Business Read More...
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