The Federal Board of Revenue has bound the officers to declare and deposit the gifts received during official visits to foreign countries.According to the FBR that in its monthly meeting held at FBR (HQs), Board-in-Council (BIC) discussed various agend…
The Federal Board of Revenue (FBR) has decided to initiate an audit of income and sales tax along with related financial affairs of Hascol Petroleum Limited and its top management.According to a report by Business Recorder, the inspection or audit of t…
The Ministry of Finance has issued an official clarification in response to a news article published in daily Dawn, titled “Govt in no hurry to pass mini-budget before IMF meeting.”In a short statement, the Finance Ministry remarked that the article is…
Pakistan’s natural gas shortfall is wreaking havoc on the country’s export industry, and has stripped off $250 million worth of textile exports in December alone, reported by Bloomberg.According to Bloomberg’s calculations, the amount of $250 million w…
The cost of quarterly adjustments for Karachi is expected to be as high as Rs. 4.80 per unit.National Electric Power Regulatory Authority (NEPRA) reserved its decision after hearing K-Electric’s request for an increase in the per-unit price of electric…
President of Pakistan, Dr. Arif Alvi, has convened a session of Senate at the Parliament House on Tuesday at 4:00 pm, according to a notification.It is expected that the Finance Supplementary Bill 2021 and the State Bank of Pakistan (Amendment) Bill 20…
