Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to devise a comprehensive standing operating procedure (SOP) regarding lab tests of the auctioned vehicles by the successful bidders. In this regard, the FTO has issued instructions to the FBR here on Tuesday. The FTO’s order revealed the
Power generation in the country went down by 13.7 percent YoY to 8,639 gigawatts per hour (GWh) in April 2024, and down 2.4 percent YoY to 101.089 GWH in 10MFY24 compared to the same period last year. On a month-on-month (MoM) basis, power generation in the country went up by
Finance Minister Muhammad Aurangzeb will present the 2024-25 federal budget in parliament on June 7, 2024. The budget session will initially start on Thursday, June 6, before presenting it in full on Friday (the next day). After Aurangzeb’s budget presentation, the National Assembly will adjourn proceedings for two days and
The inquiry committee has identified those responsible for the controversial import of substandard wheat since last year’s regime of the caretakers led by ex-Prime Minister Anwaarulhaq Kakar, high-level sources informed ProPakistani. In a decisive move, Prime Minister Shehbaz Sharif has approved the recommendations of an inquiry committee investigating the import
National Bank of Pakistan (NBP) and TouchPoint, a leading provider of self-service solutions, have solidified their strategic partnership to expand the reach and optimize the efficiency of over 1,200 Diebold Nixdorf ATMs across NBP branches nationwide. The official signing ceremony, held at the National Bank Head Office in Karachi, marked
The federal government has decided to appoint officials of the Federal Investigation Agency (FIA) and intelligence agencies in power distribution companies (DISCOs) to stop corruption. Prime Minister Shehbaz Sharif has also directed the Power Division to appoint these officials. Deputy director-level officers of FIA will now be permanently appointed to
The National Accounts Committee (NAC) meeting is set to meet tomorrow (Tuesday) to conclude the calculations for Pakistan’s economic indicators for the current fiscal year (FY24). The government had set the GDP growth target for the FY24 at 3.5 percent, with sectoral growth of 3.5 percent in agriculture; 3.4 percent
The federal government has shared a plan with the International Monetary Fund (IMF) to reduce federal expenses by Rs. 300 billion, well-informed sources told ProPakistani. This plan involves several key measures aimed at cutting costs and streamlining operations. Sources said one step involves eliminating vacant positions in grades 1-16 over
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