President has promulgated Tax Laws (Third Amendment) Ordinance 2021 to legally bound the National Database and Registration Authority (NADRA) to share Pakistani citizens’ data with the Federal Board of Revenue (FBR) for broadening of the tax base.The g…
Asad Umar Rubbishes Claims of Delay in CPEC Projects
Federal Minister for Planning and Development Asad Umar has dispelled the impression that the pace of work on the CPEC [China-Pakistan Economic Corridor] projects has been slowed down, reaffirming that major work of the projects has been completed by t…
Senate Committee on Planning and Development Discuss Progress on CPEC Projects
A meeting of the Senate Standing Committee on Planning, Development, and Special Initiatives was held under the Chairmanship of Senator Saleem Mandviwallah at the Parliament House on Thursday.The Minister for Planning, Development & Special Ini…
Rupee Makes A Remarkable Recovery Against All Currencies After SBP Warning
The Pakistani rupee (PKR) appreciated against the US dollar (USD) on Thursday, recovering from September 15’s record low and gaining 94 paisas in the inter-bank market to close at Rs. 168.18.The rupee slid, on Wednesday, to Rs. 169.70 against the USD b…
NTC Develops Tax Collection Framework for Toll Manufacturing and Transportation Businesses
The National Tax Council (NTC) has formulated a tax collection framework for toll manufacturing and transportation business in the country, as it has decided that the collection of sales tax on toll manufacturing will rest with the federation, while th…
Peace in Afghanistan Vital for Regional Economic Stability: Finance Minister
Federal Minister for Finance and Revenue Mr. Shaukat Tarin held a virtual meeting with Armida Salsiah Alisjahbana, Executive Secretary of the United Nations Economic and Social Commission for Asia and Pacific (UNESCAP), at the Finance Division on Thurs…
President Alvi Calls for Financial Inclusion of Women and Disabled Persons
The President of Pakistan, Dr. Arif Alvi has urged businessmen and industrialists to work on the financial inclusion and empowerment of women and persons with disabilities by employing them in their organizations.He expressed his views on the matter wi…
Senate Panel Passes Amendment Bills on Commercial Agriculture, Banking Services and Financial Entities
The Senate Standing Committee on Finance has passed amendments to three significant bills that pertain to banking services, commercial and industrial agriculture, and secure transactions of financial institutions.The Committee members reviewed, in deta…