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November 18, 2024

FBR to Audit Hascol and Its Senior Management

The Federal Board of Revenue (FBR) has decided to initiate an audit of income and sales tax along with related financial affairs of Hascol Petroleum Limited and its top management.According to a report by Business Recorder, the inspection or audit of t…

Ministry of Finance Reveals Progress on IMF Loan Program

The Ministry of Finance has issued an official clarification in response to a news article published in daily Dawn, titled “Govt in no hurry to pass mini-budget before IMF meeting.”In a short statement, the Finance Ministry remarked that the article is…

K-Electric Tariffs Expected to Rise by Rs. 4.8 Per Unit

The cost of quarterly adjustments for Karachi is expected to be as high as Rs. 4.80 per unit.National Electric Power Regulatory Authority (NEPRA) reserved its decision after hearing K-Electric’s request for an increase in the per-unit price of electric…

Finance Bill Likely to be Tabled Before Senate Tomorrow

President of Pakistan, Dr. Arif Alvi, has convened a session of Senate at the Parliament House on Tuesday at 4:00 pm, according to a notification.It is expected that the Finance Supplementary Bill 2021 and the State Bank of Pakistan (Amendment) Bill 20…

PSX Listed Companies Paid Highest Dividends in 2021

The listed companies at the Pakistan Stock Exchange (PSX) paid the highest ever dividends of Rs. 499.84 billion in the calendar year 2021 (CY21), a staggering 87 percent higher than the CY20 figure of Rs. 267.608 billion.Finance Ministry spokesperson, …

39 Lawmakers Did Not Pay Any Income Tax in FY19

As many as 39 lawmakers, including 10 Members National Assembly and eight Senators, did not pay income tax for the year that ended on June 30, 2019, revealed the Parliamentarians Tax Directory released by the Federal Board of Revenue (FBR) on Monday.Ac…

Here’s How Much Income Tax CM Usman Buzdar Paid in 2019

The Chief Minister of Punjab, Usman Buzdar, has just paid Rs. 2,000 in tax out of a total income of Rs. 0.938 million.According to a revised tax directory issued in principle by the Federal Board of Revenue (FBR), Buzdar has just paid Rs. 2,000 in tax …

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