FBR envisions expanding sales tax net to 400,000 people in three years

ISLAMABAD: The Federal Board of Revenue (FBR) has set a target to increase sales tax base up to 400,000 people in the next three years in order to boost revenue collection and ensure documentation of economy. "Around 250,000 people are registered with FBR's sales tax net,...

Is Bitcoin creator a Pakistani?

In the first instalment of his three-part epiphany “My Reveal,” Satoshi Nakamoto has disclosed previously unknown facts about his creation of Bitcoin. He also...

Pakistan’s trade balance improves 19pc in one year

ISLAMABAD: Pakistan trade balance has improved by 19pc, as the deficit declined from $37.6 billion to $30.6 billion during the last fiscal year. "The country's...

Intel launches first artificial intelligence chip Springhill

JERUSALEM: Intel Corp on Tuesday launched its latest processor that will be its first using artificial intelligence (AI) and is designed for large computing...

RCCI to hold ‘gems & jewellery exhibition’ on 23rd

RAWALPINDI: Rawalpindi Chamber of Commerce and Industry President Malik Shahid Saleem said on Tuesday that the chamber would organise a three-day 'gems and jewellery...

News in numbers: This might just be the most important chart you ever see,...

This is the most important chart for any individual considering their personal financial situation. It reflects the data that illustrates an important fact: over the long run, there is simply no asset class that...

News in numbers: PSX is not for the faint hearted and get rich quick...

This chart is a somewhat unorthodox one, but nonetheless reflect an important set of numbers. Each point on the line represents the average 10-year rate of return on a portfolio invested in Pakistani stocks...

As interest rates rise, Pakistan’s auto industry expected to take a hit

The automobile industry in Pakistan has seen four stellar years of growth in production and sales. Now, however, as interest rates rise, the government cracks down on tax evaders buying vehicles, and consumers tighten...

Where some see a massive water shortage, others see commercial opportunity

In an article published last year in Dawn, writer Khurram Husain had assessed that under the Supreme Court’s “Dam Fund” announced by then-Chief Justice of Pakistan Saqib Nisar, it would take 199 years to...

Two new venture capital funds target Pakistani startups. Is there enough deal flow?

If you are an entrepreneur or startup investor in Pakistan, the odds are very high that you have met Kalsoom Lakhani. She is the founder and CEO of Invest2Innovate, a startup incubator based in...

How Hum Networks rose to become one of the biggest names in Pakistani entertainment

For over a decade now, Hum TV has been one of the most watched entertainment television channels in Pakistan, consistently ranking at number one or number two in the ratings. It has produced iconic...

How real are the crores raised on Idea Croron Ka?

In 2017, viewers of Neo TV were witness to the first season of a type of show that was new in Pakistan but had gained success in other countries around the world: a reality...

Can the Islamic asset management industry get its act together?

On July 2, 2019, Pakistan’s capital markets passed a little-heralded milestone: the 10th anniversary of the launch of the KSE Meezan Islamic (KMI) 30 index, a stock market index of the 30 largest, most...

How do consultants, donors and Pakistani ministries solve problems?

The flood of 2010 showed me (I was Deputy Chairman of the Planning Commision then) how dysfunctional policy was in Pakistan and yet how...

Shortsighted moves on trade

There is absolutely no scenario in which Pakistan evolves from being the low-income country it is today to becoming a high-income or even a...

The wrong kind of governing

You can always trust the government of Pakistan to take a look at a problem created by the private sector in the country and...

“Boycotting imported products will elevate rupee and make Pakistan better off,” BS or not?

In response to the relentless hike in US dollar against Pakistani rupee, various campaigns online have urged Pakistani consumers to cut-off their purchase of...

Smuggled phones can be unblocked in the black market for Rs 2,000’: BS or Not?

Senator Mian Mohammad Ateeq Sheikh raised concerns in a Senate standing committee a few days ago over Pakistan Telecommunication Authority (PTA) blocked phones being...

‘Huawei phones have stopped working after Google pulls its Android license,’ BS or not?

 An increasing number of American and Chinese companies are feeling the damaging effects of the US trade war with China as it escalates. The...

Profit E-Magazine Issue 71

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

Govt to finally table Geographical Indication Bill in NA

The government has finally decided to table Geographical Indication (GI) Bill in the National Assembly to protect ownership rights of goods produced in the...

Senior FBR officials incur Rs109mn expenditure in violation of monetisation policy

ISLAMABAD: Atleast 20 senior officials of Federal Board of Revenue (FBR) are violating the monetisation of the transport facility for civil servants, it was...

FBR pushes provincial govts to deduct, deposit WHT on same day

The Federal Board of Revenue (FBR) has reached out to the provincial governments to try to get them to deduct and collect withholding tax...

Pakistan’s economic situation is changing: Reza Baqir

KARACHI: Pakistan's economy is facing with a number of problems and uncertainty but the situation is changing, said State Bank of Pakistan (SBP) Governor...

TCC steps up efforts for $6bn claim in Reqo Diq case

The Australia-incorporated Tethyan Copper Company has approached a court in the United States for enforcement of $6 billion penalty which was imposed on Pakistan...

FBR to tighten noose on smuggled goods from 1st

ISLAMABAD: As per the instructions of Federal Board of Revenue (FBR) Chairman Shabbar Zaidi, the board has initiated a phased programme to combat the sale...

Can Changan dazzle Pakistanis into buying Chinese cars?

“The automobile is an expensive commodity - a consumer durable you don’t forget buying for the rest of your life. You have your house...
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