The Federal Board of Revenue (FBR) has abolished or reduced the sales tax on all petroleum products from January 16, 2022. It has abolished sales tax on light diesel oil from the said date.FBR issued on Thursday an SRO.183(i)/2022 to amend S.R.O. 57(I)…
Engro Fertilizers Limited has announced its financial results for the year that ended on 31 December 2021.According to the notification filed to the Pakistan Stock Exchange (PSX), the company has booked its highest ever profit of Rs. 21.1 billion, incr…
Prime Minister Imran Khan said that over 70,000 housing projects worth Rs. 1.4 trillion have been approved by the incumbent government which will have an overall impact of Rs. 7.3 trillion on the construction industry and create 1.2 million jobs.The pr…
The investment of the banking sector reached an all-time high in January to Rs. 14.4 trillion, mainly due to the improved profit rates on the government’s papers and various savings products.According to the State Bank of Pakistan (SBP), the investment…
Despite its repeated insistence that other countries keep politics out of the 2022 Winter Olympics, host country China is using the quadrennial sports showcase to promote its own political messages in subtle ways, observers say.As examples they cite th…
Finance Minister Shaukat Tarin has assured the Khyber Pakhtunkhwa government of full support and cooperation of the Federal government to resolve the financial issues on priority basis.He made this assurance in a meeting with Finance Minister, Khyber P…
The Board of Investment has invited investors to explore business opportunities in the country in different fields, including information technology, food processing, tourism and hospitality sectors.The invitation was extended by Secretary Board of Inv…
Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the year ended December 31, 2021.PTCL Group continued its growth trajectory by posting 7 percent YoY rev…
Public Accounts Committee (PAC) chairman Rana Tanveer Hussain Thursday revealed that complaints have been received that Former chairman of the Federal Board of Revenue (FBR) Shabbar Zaidi allegedly gave illegal refunds to the tune of Rs. 16 billion to …
The annual national budget-making exercise has become a major headache for the government as it grapples with the tough conditions imposed by International Monetary Fund (IMF) and other donors, according to sources in the Finance Ministry.The sources f…
