The Federal Board of Revenue (FBR) has achieved its revenue collection target for the fourth consecutive month with 43% domestic and 37% overall growth.During the period July to October 2023, FBR has collected Rs. 2,748 billion (2022: 2,159 billion) ag…
Sindh High Court (SHC) has issued a restraining order for not taking any coercive measure against the taxpayers for recovery under section 7E (tax on deemed income basis) of the Income Tax Ordinance 2001 for the period from July 1, 2022, to June 30, 20…
The caretaker government has decided to keep the prices of both petrol and high-speed diesel (HSD) unchanged till November 15.The prices of petrol and HSD will continue to be Rs. 283.38 per liter and Rs. 303.18 per liter, respectively.At the last fortn…
Saudi Arabia’s Wafi Energy has officially expressed intent to acquire 77.42 percent shares of Shell Pakistan Limited (PSX: SHEL), manager to the offer Arif Habib Limited informed the Pakistan Stock Exchange on Tuesday.“On behalf of the Acquirer, we are…
The government had established utility stores to provide essential food items at subsidized rates. However, utility stores’ prices have surpassed the open market.Official documents have revealed that essential food items available at utility stores are…
The Federal Board of Revenue (FBR) has issued an illegal notification on the restructuring and revitalization of Pakistan Revenue Automation Limited (PRAL) without the approval of the majority shareholders.The FBR has constituted sub-groups for the res…
