Despite its efforts, the government has failed to stop the smuggling of goods from India and Iran into Pakistan, causing the economy to bear the brunt in terms of revenue and industrial output.Sources in the Federal Board of Revenue (FBR) told ProPakis…
The Ministry of Commerce has planned to create an e-commerce business facilitation hub by ensuring facilitation for freelancers, e-commerce initiatives, and startups through effective coordination with SECP, FBR, and SBP.Pakistan announced its first-ev…
The Sensitive Price Indicator (SPI) for the week ended 6 January 2022, recorded an increase of 0.08 percent, stated the Pakistan Bureau of Statistics (PBS).During the week, out of 51 items, prices of 25 (49.02 percent) items increased, 7 (13.73 percent…
The Federal Board of Revenue (FBR) launched the National Sales Tax Return (NSTR) on Friday without the participation of the officials of the Sindh Revenue Board, the Khyber Pakhtunkhwa Revenue Authority, the Baluchistan Revenue Authority, the AJK Counc…
The Ministry of Finance stated on Friday that the amendments proposed to the State Bank of Pakistan (Amendment) Bill were in line with the international best practices and aligned to the ground realities in Pakistan.In a detailed clarification about th…
With a view to facilitating the public, the federal government upon recommendation of the State Bank of Pakistan (SBP) has extended the last date for exchanging old banknotes of Rs. 10, 50, 100, and 1000 by one year to December 31, 2022.Previously, the…
The government has finally granted conditional exemptions to all the power distribution, transmission, and generation companies from the approval of their self-financed schemes from the Central Development Working Party (CDWP)/Executive Committee of th…
Continuing on its relentless anti-smuggling drive, Pakistan Customs (Federal Board of Revenue) has seized contraband items (narcotics) worth Rs. 1.340 billion that were being smuggled to Pakistan through Torkham in two separate incidents.In the first o…
The federal government’s debt swelled to an all-time high of Rs 40.99 trillion during the first five months of the current fiscal year, mainly due to the depreciation of the local currency and the State Bank of Pakistan’s loan to the government against…
The oil refining sector is currently looking for a way out as Independent Power Producers (IPPs) are refusing to lift locally-processed furnace oil as inventory for emergency use.The Chairman of Cnergyico PK Ltd. (previously Byco Petroleum), Mohammad W…
