“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.
SECP issues the first certificate of Shariah compliance to REITs. Why now?
Signature Residency REIT and Rahat Residency REIT have been given shariah compliance certificates as the government continues to move towards an interest free financial system.
Track and trace of cotton as well. But will it be effective?
Manufacturers often under-report their production numbers precisely to evade tax.
Caretaker health minister orders DRAP to promptly deal with artificial drug shortages
Caretaker health minister Nadeem Jan directs the Drug Regulatory Authority of Pakistan to speed up work on curtailing the artificial shortage of medicine in the market.
‘Official’ and ‘actual’ rates emerge within open market rate of the dollar
Exchange companies association claims the dollar is selling at Rs 312 on the open market. Actual rate on open market hovering around Rs 315. Both rates indicate a gap with the interbank rate that fails to meet IMF criteria.
The SC ordered the Sindh govt to compensate affectees of anti-encroachment drives. They ignored the orders. What happens now?
The landmark June 2021 Supreme Court verdict not only ordered settlements to be demolished through the anti-encroachment drive, but also that the affectees be rehabilitated substantially.
Illicit cigarettes poised to outpace legitimate market share in Pakistan, industry player cautions
ISLAMABAD: With illicit cigarettes, both smuggled and counterfeit, having already secured over 40 percent of the market, industry insiders are sounding the...
Tribal districts development program suffers as govt fails to release funds
PESHAWAR: The Khyber Pakhtunkhwa (KP) government's approved development plan for tribal areas worth 9 billion rupees has not materialized into reality as...