FTO recommends FBR to provide data for monitoring & recovery of withholding taxes
FTO recommends FBR to provide data for monitoring & recovery of withholding taxes By: Communicators – Business Team (July 16, 2025) Federal Tax Ombudsman (FTO) has recommended Federal Board of Revenue (FBR) to provide access of software of banks to field formations for monitoring and recovery of withholding taxes. FTO office issued an order recommending FBR […]
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FPCCI demands Pakistan government to review arrangements with IPPs
FPCCI demands Pakistan government to review arrangements with IPPs By: Communicators – Business Team (July 16, 2024) Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has urged the federal government to immediately review the power agreements with Independent Power Producers (IPPs) IPPs to save the country’s sinking industry as electricity tariff is unbearable due […]
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Pakistan government announces massive increase petroleum product prices
Pakistan government announces massive increase petroleum product prices By: Communicators – Business Team (July 16, 2024) Federal government of Pakistan has made a massive increase in the price of petroleum products up to Rs 9.99 per liter for fortnight starting from July 16, 2024. The statement of Finance Division says that the petrol price has […]
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Exciting News! Discovery of substantial quantity of Hydrocarbons by Pakistan Oilfields Limited (POL) in Attock District
Exciting News! Discovery of substantial quantity of Hydrocarbons by Pakistan Oilfields Limited (POL) in Attock District By: Communicators – Business Team (July 15, 2024) The discovery of significant hydrocarbons by Pakistan Oilfields Limited (POL) in the Attock District could have substantial implications for Pakistan’s energy sector. Discoveries like this can potentially boost local energy production, […]
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Finance Division shares strategy for release of funds for development budget for financial year 2024-25
Finance Division shares strategy for release of funds for development budget for financial year 2024-25 By: Communicators – Business Team (July 15, 2024) The Finance Ministry has shared its strategy for the release of recurrent budget funds for the 2024-25 fiscal year. This strategy outlines a phased approach, with allocations as follows: This structured release […]
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Neelum Jhelum Hydropower Project to be reactivated asap !
Neelum Jhelum Hydropower Project to be reactivated asap ! By: Communicators – Business Team (July 15, 2024) Recently, Prime Minister Shehbaz Sharif formed a committee to reactivate the Neelum Jhelum hydropower project, directing the relevant officials to complete investigation into its recent closure and identify those responsible for the defects in its design. While chairing […]
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Pries of pulses in Pakistan rise due to harsh taxation measures in budget 2024-25
Pries of pulses in Pakistan rise due to harsh taxation measures in budget 2024-25 By: Communicators – Business Team (July 15, 2024) After the State Bank of Pakistan (SBP) reduced the interest rate to 20.5 per cent in April 2024 following a sharp deceleration in inflation, harsh taxation measures in the budget 2024-25, along with increasing […]
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Pakistan’s business community demands government to share roadmap to alleviate taxation burden
Pakistan’s business community demands government to share roadmap to alleviate taxation burden By: Communicators – Business Team (July 15, 2024) With Pakistan reaching an agreement for $7 billion extended fund facility with International Monetary Fund (IMF), the Pakistan Business Council (PBC) has demanded that government should now take the business community into confidence by offering […]
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Shipping companies in Pakistan directed to stay operational on Saturdays
Shipping companies in Pakistan directed to stay operational on Saturdays By: Communicators – Business Team (July 15, 2024) In pursuance of Prime Minister Shehbaz Sharif’s recent decision to establish a regulatory authority for shipping sector, a meeting was held under the supervision of Chairman Karachi Port Trust (KPT) Syed Syedain Raza Zaidi. It was decided that […]
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Higher tax rates force Pakistani cement dealers to go on strike
Higher tax rates force Pakistani cement dealers to go on strike By: Communicators – Business Team (July 15, 2024) Cement dealers across Pakistan have initiated a nationwide strike in response to the government’s decision to increase the withholding tax to 2.5 percent for non-filers under Section 236H of the Finance Act 2024. This new tax […]
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