Daily Archives: January 5, 2022

Questions Raised After Ministry of Commerce & PBS Share Different Trade Figures

The Ministry of Commerce and Pakistan Bureau of Statistics (PBS) released trade figures with two just days gap, but showing huge discrepancies, raising serious questions on the authenticity of this important matter.Significant differences were witnesse...

SBP Directs Exporters to Bring in Foreign Income Proceeds Within 120 Days

With an objective to improve the timely inflow of foreign exchange from export proceeds in the market, the State Bank of Pakistan (SBP) has amended the foreign exchange regulations and directed the exporters to bring export proceeds within a maximum

FBR Gives Deadline for Businesses to Integrate with Point of Sale System

In a bid to collect maximum taxes from big retailers, the Federal Board of Revenue (FBR) has made public the list of 1,284 business tycoons who did not integrate their businesses with its Point Of Sale (POS) system, warning them

Govt Likely to Remove Rs. 350 Billion Tax Exemptions in FY23 Budget

The government is likely to remove all tax exemptions by the next budget, i.e., for the fiscal year 2022-23 which would entail around Rs. 350 billion additional revenue measures.Chairman FBR Dr. Ashfaq Ahmed revealed this while briefing the Senate Stan...

Pak-China and APCEA Collaborate to Highlight the Role of Chinese Enterprises in Pakistan

Pakistan-China Institute (PCI) and All-Pakistan Chinese Enterprises Association (APCEA) launched the ‘APCEA Sustainable Development Report 2021’ during an event organized at the Chinese Embassy.The event was attended by over 100 participants and featur...

ECC Allows Import of 50,000MT of Urea from China on Urgent Basis

The Economic Coordination Committee (ECC) authorized the import of 50,000 Metric Ton (MT) of Urea on a Government-to-Government (GoG) basis from the People’s Republic of China on an immediate basis.The decision was made with the Federal Minister for Fi...

PTA Starts Application Process for Long Distance and International Licenses

Pakistan Telecommunication Authority (PTA) has started accepting applications for Long Distance and International (LDI) licenses for Pakistan with an application processing of $500.The initial license fee for the LDI license for Pakistan is $0.5 millio...

Govt Reconsidering Increased Taxes After Backlash from Telcos

The government is revisiting its decision to increase the tax on the telecom industry after receiving backlash following the announcement of the mini-budget.The Minister of IT and Telecom, Aminul Haq, does not support the proposed taxes in the mini-bud...