Day: January 5, 2022

The government is revisiting its decision to increase the tax on the telecom industry after receiving backlash following the announcement of the mini-budget.The Minister of IT and Telecom, Aminul Haq, does not support the proposed taxes in the mini-bud…

The Pakistani Rupee (PKR) held out against the US Dollar (USD) in the interbank market today. It appreciated by one paisa against the greenback after hitting an intra-day low of Rs. 176.75 against the latter during today’s open market session.It apprec…

The Economic Coordination Committee (ECC) authorized the import of 50,000 Metric Ton (MT) of Urea on a Government-to-Government (GoG) basis from the People’s Republic of China on an immediate basis.The decision was made with the Federal Minister for Fi…

The government is likely to remove all tax exemptions by the next budget, i.e., for the fiscal year 2022-23 which would entail around Rs. 350 billion additional revenue measures.Chairman FBR Dr. Ashfaq Ahmed revealed this while briefing the Senate Stan…

Prime Minister (PM) Imran Khan chaired a meeting to review the progress on development projects in Balochistan yesterday in Islamabad.The meeting was given a comprehensive overview regarding Improvement in Governance Structure, Execution of Government-…

With an objective to improve the timely inflow of foreign exchange from export proceeds in the market, the State Bank of Pakistan (SBP) has amended the foreign exchange regulations and directed the exporters to bring export proceeds within a maximum pe…

The Federal Board of Revenue (FBR) has assigned jurisdiction to the officials of Designated Non-Financial Businesses and Professions (DNFBP) to comply with the Financial Action Task Force (FATF) requirements.DNFBP is a classification used by FATF denot…

Pakistan-China Institute (PCI) and All-Pakistan Chinese Enterprises Association (APCEA) launched the ‘APCEA Sustainable Development Report 2021’ during an event organized at the Chinese Embassy.The event was attended by over 100 participants and featur…