EconomyGovt to announce medium-term economic framework in coming week: Hammad Azhar
BoI Chairman shared the government had already decreased the total number of taxes from 47 to 16 and plans to further reduce it down to a single tax
Jan 26, 2019
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Economy
HeadlinesFBR forwards notices to schools for tax evasion: Report
The audit was commenced after information was received that the schools were retaining multiple accounts besides those officially declared for the hiding of receipts and income
Jan 26, 2019
EconomyDirectorate general of transfer pricing set to be disbanded
The Directorate was unable to appoint its director general and other staff and consequently, entities refused to share a country-by-country record of their businesses with the tax regulator
Jan 26, 2019
EconomyPakistan making last attempts to seek out of court settlement in Reko Diq case: Report
The decision had gone in favour of Tethyan Copper Company (TCC) — a joint venture between Antofagasta of Chile and Barrick Gold Corporation of Canada — which filed the case in 2011 claiming that Pakistan had unlawfully denied a mining lease
Jan 26, 2019
HeadlinesApex court directs PIA to independently pick CEO
In a detailed judgement issued related to the case of the appointment of Musharraf Rasool Cyan as PIA’s CEO, the Supreme Court said the BoD is responsible for planning, succession and appointment of the company’s CEO
Jan 25, 2019
HeadlinesGovt foregoes 50% of GIDC or Rs200 billion to fertilizer, CNG and textile sector
Due to the 50% waiver provided by the government, the fertilizer and CNG sector is required to pay Rs80 billion each
Jan 25, 2019
EconomyPakistan turns to Gulf countries to keep economy afloat
Jan 22, 2019
EconomyMini-budget expected to announce incentives to bolster capital markets
As per an official, over-regulation of brokers would be controlled to facilitate equity investments
Jan 22, 2019
EconomyGovt could scrap regulatory duties on 150 items in mini-budget: Report
The government is going to provide an exemption of income tax for the banking sector on providing loans for low-cost housing in the country via the upcoming supplementary finance bill
Jan 22, 2019
EconomyPM expected to request Qatar for supplying LNG on deferred payment
The PM is likely to request a concessional loan similar to the one provided by the United Arab Emirates and Saudi Arabia to bolster the country’s dwindling foreign exchange reserves
Jan 22, 2019
HeadlinesMoIP to likely forward reference to CCP regarding cartelization of cement prices: Report
The cement industry contended that the sector wasn’t being provided with any subsidy by the government
Jan 21, 2019
EconomyFBR resolved 20% of total tax evasion and fraud cases involving billion of rupees in 2018
The Director-General Intelligence and Investigation-Inland Revenue department has unearthed tax evasion worth Rs170 billion throughout Pakistan last year
Jan 21, 2019