Category: General

The telecom industry recorded a decline in revenue stream by 4.1 percent to Rs. 541.4 billion in FY21 according to the State Bank of Pakistan (SBP). The SBP in its Annual Report 2020-21 on the State of Pakistan’s Economy, stated that the communication subsector contracted during the fiscal year 2021,

A parliamentary panel on Wednesday expressed serious concerns over the huge taxes levied on mobile users and directed the Pakistan Telecommunication Authority (PTA) and the Federal Board of Revenue (FBR) to formulate a comprehensive strategy for the benefit of consumers. The National Assembly Standing Committee on Cabinet Secretariat met with

The Federal Board of Revenue (FBR), in collaboration with the United Nations Office on Drugs and Crime (UNODC), organized outreach and capacity-building sessions for Designated Non-Financial Businesses and Professions (DNFBPs) to ensure AML/CFT compliance in Karachi. The representatives from the Financial Monitoring Unit (FMU), National Counter Terrorism Authority (NACTA), and

Shaukat Tarin, the Advisor to Prime Minister on Finance and Revenue, said that in order to achieve economic development, the tax-to-GDP ratio needs to be doubled. During a ceremony in Islamabad, the Advisor mentioned that he has assured the business community that they will be facilitated and they will not

Bank Islami Pakistan Limited (BIPL) and Elahi Group of Companies (EGC)/Zafar Agencies (ZA) have filed a compromise agreement in the Sindh High Court through which all liabilities will be settled and full closure and withdrawal of all pending complaints and litigation has been agreed on a no-fault basis between the

At a CDWP meeting presided over by Deputy Chairman Planning Commission, Mohammad Jehanzeb Khan, cleared three development projects with a cost of Rs. 9.168 billion and recommended two projects worth Rs. 130 billion to the Executive Committee of the National Economic Council (ECNEC) for further consideration. Secretary Planning, Hamid Yaqoob