The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to conduct a special audit into cases of steel melters.A handout states that the FTO, exercising its own motion powers under section 9(1) of the Federal Tax Ombudsman Ordin…

Prime Minister Imran Khan has termed the horrific vigilante attack on factory in Sialkot and the burning alive of Sri Lankan manager as a day of shame for Pakistan.In a tweet on Friday, he said that he is overseeing the investigations and those respons…

Pakistan Poverty Alleviation Fund (PPAF), under its National Poverty Graduation Programme (NPGP), held a research launch and learning event to assess the impacts of recent economic shifts on the poor.This study measures the economic consequences of the…

The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved the proposal submitted by the Ministry of Energy for an increase in oil marketing companies (OMCs) and petroleum dealers’ margins for Motor Spirit (MS) and High-Speed Diesel…

The export of kinnow during the current season is likely to decrease by 35% compared to the previous year, due to a significant increase in the sea freight cost and ill-effects of climatic changes.According to Waheed Ahmed, the Patron-in-Chief, All Pak…

Befiler will enhance its efforts to promote tax compliance in Pakistan through the grant it won in the recent round of Karandaaz’s Digital Experiment Program.Befiler participated in the recent round of Karandaaz’s Digital Experiment Program, and won th…

Philip Morris Pakistan Limited (PMPKL) has reduced its carbon emissions footprint by 30% compared with the 2018 baseline in manufacturing, according to PMPKL’s Executive Director and Director Finance Muhammad Zeeshan.The company has achieved this by re…

The Advisor to the Prime Minister on Finance and Revenue, Shaukat Tarin, told the Media that the government does not plan on increasing taxes in the supplementary budget that is to be introduced in the National Assembly after the agreement with the Int…

Former finance minister, Hafeez Shaikh, is one of six persons remaining on the board of directors of the Afiniti group, whose founder Muhammad Ziaullah Khan Chishti was ousted as CEO and Director over sexual assault charges.While the list doesn’t sport…

Washington DC: An International Monetary Fund (IMF) mission led by Ernesto Ramirez Rigo held virtual discussions during October 4–November 18, 2021 in the context of the 2021 Article IV consultations and the sixth review of the authorities’ reform prog…