While deciding on an Own Motion investigation on April 28, 2022, the Federal Tax Ombudsman (FTO) authorised the Federal Bureau of Revenue (FBR) to form a high-powered inquiry committee into a flagrant and eye-opening income tax refund fraud of Rs. 123.364 million.According to the information, when examining the issuing ofRead More →
CAIRO, Egypt (AP) – Saudi Arabia offered a $5 billion aid package for cash-strapped Egypt on Wednesday, where the economy is under strain due in part to the economic consequences from Russia’s conflict on Ukraine. The monies, which were placed in Egypt’s Central Bank, are part of Saudi Arabia’s “tirelessRead More →
ISLAMABAD, Pakistan – The price of 24 carat per tola gold increased by Rs 750 and was sold for Rs 131,000 on Wednesday, up from Rs 130,450 the previous day on the local market. The price of a gramme of 24 karat gold climbed by Rs643 to Rs 112,483 fromRead More →
ISLAMABAD, Pakistan (APP) – Invoices validated by consumers who bought at outlets linked with the Federal Board of Revenue’s (FBR) Point of Sale (POS) system climbed by 62.7 percent in February 2022 compared to the previous month (January). According to the Finance Ministry’s Monthly Economic Update and Outlook for MarchRead More →
On Friday, President Dr. Arif Alvi launched the Asaan Karobar Program in Islamabad, with the goal of enhancing the business climate in Pakistan, particularly for Small and Medium Enterprises. In his remarks at the occasion, the President stated that Pakistan has made several initiatives to improve the ease of doingRead More →
Pakistan’s exports increased by 32.7 percent in the first eight months of the current fiscal year compared to the same period previous year in currency terms According to the Pakistan Bureau of Statistics, exports for July-February (2021-22) totaled 3.52 trillion rupees, compared to 2.65 trillion rupees during July-February 2020-21.Read More →
To combat smuggling between Iran and Pakistan, the Federal Board of Revenue (FBR) has designated the Bazarcha Border Terminal in Taftan as a customs port for the clearance of import/export products between the two countries.According to a notification issued by the FBR on Tuesday, the FBR has proclaimed Bazarcha BorderRead More →
ISLAMABAD – At a ceremony in Islamabad on Wednesday, Prime Minister (PM) Imran Khan announced the start of interest-free loans under the Kamyab Pakistan Program. During his speech at the ceremony, Prime Minister Nawaz Sharif expressed sorrow that Pakistan could not attain its rightful place in the community of countriesRead More →
ISLAMABAD – According to Prime Minister Imran Khan, the FBR met its February income target of 441 billion rupees, representing a 28.5 percent increase. In his tweets on Wednesday, he stated that the government is able to subsidise fuel, diesel, and electricity and provide assistance to the people as aRead More →
ISLAMABAD, Pakistan – Earlier this month, the State Bank of Pakistan (SBP) announced the “Licensing and Regulatory Framework for Digital Banks.” SBP hosted an online event titled “Digital Banks – A New Era in Banking” to raise awareness of this significant regulatory breakthrough. The webinar’s primary goal was to raiseRead More →
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