Day: December 9, 2021

Chairman of Ora Developers, Naguib Sawiris, on his visit to Pakistan, expressed high hopes for the real estate sector of Pakistan, adding that Pakistan is an ‘investment heaven’ for foreign investors. He visited Eighteen, a luxury housing society locat…

An inquiry conducted by the Competition Commission of Pakistan (CCP) has found collusion and price-fixing of day-old broiler chicks by a prima facie cartel of eight hatcheries from 2019 to June 2021.CCP initiated the inquiry after receiving several con…

The Federal Board of Revenue (FBR) on the direction of the International Monetary Fund (IMF) has proposed to establish an asset declaration system.According to sources, the tax department in the supplementary finance bill 2021 proposed that disclosure …

Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin on Thursday said that he expects GDP to grow more than the target in fiscal year 2022 (FY22).He made these remarks while delivering a keynote speech at the “Dialogue on the Economy-2021…

The National Electric Power Regulatory Authority (NEPRA) on Thursday increased the power tariff by Rs 4.74 per unit on account of fuel charges adjustment for October 2021The increase will have an impact of around Rs. 60 billion, as expensive power was …

The Inland Revenue Enforcement Network (IREN) of the Federal Board of Revenue (FBR) seized 8,320,000 illegal cigarettes worth Rs. 21,479,625 involving duties and taxes of Rs. 17,242,635 in November, 2021.In the first five months of the fiscal year 2021…

The government has decided to retain sales tax exemption on electric vehicles and kits imported by local manufacturers of such vehicles under the Tax Laws (Fourth) Amendment Bill, 2021 to be tabled before the National Assembly.Highly-placed officials t…