The Federal Board of Revenue (FBR), Securities and Exchange Commission of Pakistan (SECP), and Ministry of Commerce plan to jointly launch a drive for facilitation of companies expanding their online sales inland and abroad.Sources from FBR informed Pr…

Federal Minister for Industries, Makhdum Khusro Bakhtiar, has said that smuggling of urea fertilizer is due to the weak trace and track system of the Sindh Government.He said that the federal government, in collaboration with provincial governments, ha…

The government has finally granted conditional exemptions to all the power distribution, transmission, and generation companies from the approval of their self-financed schemes from the Central Development Working Party (CDWP)/Executive Committee of th…

Pakistan Telecommunication Authority (PTA) has started accepting applications for Long Distance and International (LDI) licenses for Pakistan with an application processing of $500.The initial license fee for the LDI license for Pakistan is $0.5 millio…

The Financial Action Task Force (FATF) has sought the list of business persons registered with tax departments using forged CNIC. FBR has acquired some details about such business persons using forged CNICs, enabling money laundering.According to FBR s…

The Federal Board of Revenue has bound the officers to declare and deposit the gifts received during official visits to foreign countries.According to the FBR that in its monthly meeting held at FBR (HQs), Board-in-Council (BIC) discussed various agend…

Minister of State for Information and Broadcasting Farrukh Habib said the country’s exports had reached over 15 billion dollars during first half of the current fiscal year. In a tweet, he said that a record increase of 25 percent in exports has been a…

The government has increased petroleum prices to meet Petroleum Levy target agreed with International Monitory Fund.According to the notification issued by Finance Ministry, in the fortnightly review of Petroleum Products’ Prices, Prime Minister Imran …

Petroleum Division has announced a bidding round of 14 new blocks covering 24000 square kilometers (sq-km) for exploration of oil and gas, tweeted the Minister of Energy, Hammad Azhar.The petroleum division hopes to tap a resource potential of 15 Trill…

The State Bank of Pakistan (SBP) raised Rs. 1.26 trillion against a target of Rs. 1.2 trillion in the most recent treasury bill auction on Wednesday.Despite the big money raise, cut-off yields in the auction had a slight dip in three-month and six-mont…