SECP introduces Shariah Governance Framework 2023
ISLAMABAD: In a stride towards enhancing the regulatory landscape of Islamic finance, the Securities and Exchange Commission of Pakistan (SECP) has unveiled...
Govt forms cabinet committee on SOEs to improve the performance of loss making companies
ISLAMABAD: Caretaker Federal Finance Minister Dr. Shamshad Akhtar has said that the federal government has formed a cabinet committee on State Owned...
FTO asks FBR to address deficiencies in valuation of real estate
ISLAMABAD: while concluding its investigation, the Federal Tax Ombudsman has recommended FBR to remain vigilant with regard to prevailing market prices in...
Tax department registers FIR against money laundering solar panels import
Senate Standing Committee on Finance directs FBR to take strict action against the offenders under the Anti Money Laundering Act
FBR plans crackdown against cash transactions in real estate
Buying real estate worth more than Rs 5mn using cash or a bearer cheque will be subject to a penalty equal to 5% of the property's value
Caretaker PM approves transfer of Sugar Advisory Board’s control back to Industries & Production Ministry
ISLAMABAD: The caretaker prime minister, Anwaar-ul-Haq Kakar, has granted his approval for the Sugar Advisory Board to be handed over to the...
Industry on edge as new proposition suggests 24-hour clearing period for stock trades
The clearinghouse is looking to change the settlement time before changing the infrastructure
“Lack of ownership among tax machinery hampers broadening the tax base.” FBR
ISLAMABAD: The Federal Board of Revenue (FBR) has admitted that there is a lack of ownership among the tax machinery on the...
Eyebrows raised over product quality control as the credibility of PSQCA labs is under question mark
ISLAMABAD: In a display of negligence within the Pakistan Standard and Quality Control Authority (PSQCA), it has been disclosed that all the...
Remittances have been on the decline for some time. August’s data shows the trend hasn’t changed
Remittances in FY23 were down by $4.25 billion year-on-year. They have continued to decline in first two months of FY24. Are Pakistanis sending less money home?
Senate committee shows concerns over PSQCA recruitments
ISLAMABAD: The Senate Standing Committee on Science and Technology convened a pivotal session at the Parliament House, delving into a range of...
Exchange companies to be consolidated into one category under SBP reforms
The central bank has given category B exchange companies and franchises a month to decide on an option and approach it for approval.
Pakistan businesses fear default still imminent, Gallup Survey reveals
This survey is the 10th edition of a quarterly Business Confidence Survey conducted by Gallup Pakistan
Steel sector continues to grumble
The PALSP has raised alarms over the authorities' lack of effective measures to counter the menace of smuggling.
International Organization for Standardization (ISO) suspends Pakistan for non-payment of subscription fee
ISO had outlined the process for membership restoration upon clearing the outstanding fee.