The Federal Board of Revenue (FBR) has decided to initiate an audit of income and sales tax along with related financial affairs of Hascol Petroleum Limited and its top management.According to a report by Business Recorder, the inspection or audit of t…
Ministry of Finance Reveals Progress on IMF Loan Program
The Ministry of Finance has issued an official clarification in response to a news article published in daily Dawn, titled “Govt in no hurry to pass mini-budget before IMF meeting.”In a short statement, the Finance Ministry remarked that the article is…
Gas Shortfall Causes $250 Million Loss for Textile Sector in December Alone
Pakistan’s natural gas shortfall is wreaking havoc on the country’s export industry, and has stripped off $250 million worth of textile exports in December alone, reported by Bloomberg.According to Bloomberg’s calculations, the amount of $250 million w…
Shahid Afridi Reveals Sarfaraz Ahmed’s Weakness as a Captain Ahead of PSL 2022
Veteran all-rounder, Shahid Afridi is confident of a good showing with Quetta Gladiators ahead of the upcoming Pakistan Super League (PSL) 7. Afridi was full of praises for Quetta’s captain, Sarfaraz Ahmed and said that he is a fighter and has been a g…
Ex Indian Cricketer Compares Indian Pace Attack With Pakistan’s Deadly Trio
Former Indian cricketer turned commentator, Sanjay Manjrekar, has drawn parallels between India’s current bowling line-up of Jasprit Bumrah, Mohammed Siraj, and Mohammed Shami and Pakistan’s devastating pace trio of Waqar Younis, Wasim Akram, and Shoai…
Renowned Fast Bowling Coach Says Hasnain’s Action Can Cause Him a Serious Injury
Renowned fast bowling coach, Ian Pont has pointed out some serious flaws in young Pakistani pacer, Mohammad Hasnain’s action.Pont believes that Hasnain’s action should be rectified immediately otherwise the 21-year old can suffer a serious injury. Pont…
K-Electric Tariffs Expected to Rise by Rs. 4.8 Per Unit
The cost of quarterly adjustments for Karachi is expected to be as high as Rs. 4.80 per unit.National Electric Power Regulatory Authority (NEPRA) reserved its decision after hearing K-Electric’s request for an increase in the per-unit price of electric…
Finance Bill Likely to be Tabled Before Senate Tomorrow
President of Pakistan, Dr. Arif Alvi, has convened a session of Senate at the Parliament House on Tuesday at 4:00 pm, according to a notification.It is expected that the Finance Supplementary Bill 2021 and the State Bank of Pakistan (Amendment) Bill 20…