Day: December 22, 2021

The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved Rs. 265.27 billion worth of projects related to road infrastructure and poverty alleviation.Presided over by Adviser to the Prime Minister on Finance and Revenue, Sh…

In a bid to restore the confidence of taxpayers in the tax system and to ensure transparency and quick processing of the consignments, the office of the Federal Tax Ombudsman (FTO) has been consistently taking measures to eliminate maladministration an…

The Federal Board of Revenue (FBR) has taken a strong exception to a news story captioned “Tax Collection on Demand falls 41%” published in Express Tribune on December 19, 2021.In a media release, the FBR called the story “malicious in intent and suspi…

The federal cabinet has postponed the ratification of the proposed Rs. 360 billion mini-budget and a contentious central bank autonomy legislation to analyze government capital and national security.The government has delayed the announcement for the i…

Federal Minister of National Food Security and Research, Syed Fakhar Imam, addressed a workshop organized by Islamic Organization for Food Security (IOFS) on “OIC Country Experience in Food Security Governance for Strengthening South-South Cooperation”…

A Memorandum of Understanding (MoU) between Habib Bank Limited (HBL) and China Machinery Engineering Corporation (CMEC) on Agricultural Cooperation was signed towards the end of the CPEC Industrial Cooperation B2B Investment Conference in Lahore.Federa…

The Pakistani Rupee (PKR) fell to another new all-time low against the US Dollar (USD) and depreciated by 10 paisas against the greenback in the interbank market today. It hit an intra-day low of Rs. 178.57 against the USD during today’s open market se…