New Single Sales Tax Return Introduced for E&P Companies and Microfinance Banks
The Federal Board of Revenue and all the Provincial Revenue Authorities, namely Balochistan Revenue Authority (BRA), Khyber Pakhtunkhwa Revenue Authority (KPRA), Sindh Revenue Board (SRB), and Punjab Revenue Authority (PRA), have unanimously agreed to extend the scope of the Single Sales Tax Return (SSTR) to include two additional sectors: Exploration & Production (E&P) companies and…
Mehfooz
DWP Technologies wins Huawei’s technology integration recognition award at GITEX 2024
DWP Technologies, Pakistan’s leading technology experts and part of the DWP Group, has been honored with the prestigious Data Center Technologies Integration Recognition Award at the Huawei Partner Connect event during GITEX 2024 in Dubai.
PVMA Urges Implementation of Edible Oil Policy
The Pakistan Vanaspati Manufacturers Association (PVMA), led by its Chairman Sheikh Umer Rehan, held a meeting with Federal Minister for Commerce Jam Kamal Khan, highlighting critical challenges facing the edible oil industry and proposing measures to enhance its sustainability and global competitiveness.
Fertilizer Imports Soar by 121.36% in First Four Months of FY 2024-25
Fertilizer imports into the country have seen a significant increase of 121.36% in the first four months of the current financial year (July-October 2024) compared to the imports of the corresponding period of the last year.
Next Generation broadband Spectrum auction held next year in April
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a pivotal meeting of the Advisory Committee on the Release of IMT Spectrum at the Finance Division today. The focus was on the enhancement of next-generation mobile broadband services in Pakistan.
Mobile Phone’s Import Drop by Over 10% to $420 Million in Four Months
The import of mobile phones into the country has witnessed a decrease of 10.46 percent during the first four months of the current fiscal year (2024-25) as compared to the corresponding months of last year.
New SBP Regulations for Profit Sharing on Islamic Banking Savings
The State Bank of Pakistan (SBP), revised the instructions for profit and loss distribution and pool management for Islamic Banking Institutions (IBIs) which now are required to pay profit on their PKR saving deposits equivalent to at least 75 percent of the weighted average gross yield of all pools of an IBI.
Pakistan Stock Exchange loses 3,505 points amid bearish trend
The 100-Index of the Pakistan Stock Exchange (PSX) experienced a significant bearish reversal on Tuesday, losing 3,505.62 points—a negative change of 3.57 percent. This decline brought the index down to close at 94,574.16 points, compared to 98,079.78 points on the last trading day.
A revolutionary approach to Cancer, and the role of Art in Healing; A series of talks by Dr. Azra Raza at LUMS
“No one is winning the war on cancer.” These sobering words from Dr. Azra Raza, a globally renowned oncologist, author, and professor at Columbia University, echoed across a captivated audience at LUMS, where she held a series of thought-provoking talks from November 20-22.
Swedish Companies Face Hurdles: High Taxes, Energy Costs, and Currency Transfer Issues
The Ambassador of Sweden Ms. Alexandra Berg von Linde, while commenting on Sweden-Pakistan trade and investment ties, stated that more than 40 Swedish companies have been established in Pakistan, of which many were known Swedish brands and have been present here for many decades but these Swedish companies face challenges including high tax rates when it comes to foreign investment, high energy prices and the difficulties in transferring foreign currencies.