The cabinet committee on privatization (CCoP) has decided to remove Mari Petroleum Company Limited from the list of privatization after a detailed deliberation on a proposal seeking divestment of the government’s shares in the firm.Federal Minister for…

Chairman Federal Board of Revenue (FBR), Dr. Muhammad Ashfaq Ahmed, said on Friday that certain media reports misinterpreted various tax issues as many taxes which were reportedly imposed were in fact not levied.Addressing a press conference, the Chair…

Afghanistan Revenue Department (ARD) and Federal Board of Revenue (FBR) concluded the second round of negotiations on the Double Taxation Agreement (DTA) between Pakistan and Afghanistan.The four-member delegation of the Afghanistan Revenue Department …

More than two-thirds of the $1.7 billion increase in textile exports from July to November 2021 is due to an increase in global prices. In other words, had international prices remained the same from last year, the dollar value of textile exports would…

The Economic Coordination Committee (ECC) of the cabinet on Friday approved the re-rolling of a $142 million loan for Roosevelt Hotel, New York.Finance Minister Shaukat Tarin presided over the meeting, which discussed a number of summaries, including t…

Asian Development Bank (ADB) and Pakistan achieved a historic high level of cooperation with over $2.3 billion committed by the Bank in 2021, said ADB Country Director for Pakistan Yong Ye.The Country Director in a video message stated, “as we continue…