Pakistan’s liquid foreign reserves witnessed an outflow of $255 million in the week that ended on December 31, 2021, according to the State Bank of Pakistan (SBP).The central bank’s weekly report released on Thursday revealed that the country’s total l…
Senate Committee Rejects Proposal to Slap 17% GST on Gold Jewelry and Formula Milk
Discussing the Finance Supplementary Bill 2021 for the second consecutive day, the Senate Standing Committee on Finance recommended on Thursday withdrawal of the proposed 17 percent general sales tax (GST) on gold jewelry and also opposed the proposal …
Senate Panel Okays Withdrawal of Corporate Guarantee Condition for Importers
The Senate Standing Committee on Finance, Revenue, and Economic Affairs has approved the proposal of the Federal Board of Revenue (FBR) with regard to the withdrawal of corporate guarantee for importers introduced through tax amendment ordinance on Sep…