Govt committed to provide friendly environment to investors: Miftah Ismail
Federal Minister for Finance and Revenue, Miftah Ismail said here on Thursday that the incumbent government was committed to provide conducive and friendly environment to the investors and businessmen for the growth of economic activity and enhancement of exports. In a meeting with the Vice Chairman of Indus Motor Company, Shini Yanagi, the Finance Minister…
Adil Aziz
SECP registers 2,345 new companies in April
The Securities and Exchange Commission of Pakistan (SECP) registered 2,345 new companies in April 2022 raising the total number of registered companies to 168,030. This shows an increase of 7% as compared to corresponding period last year. The total number of registered companies now stands at 168,030. Total capitalization (paid-up-capital) with regard to newly incorporated…
Miftah assures his support to FBR in ongoing tax collection drive
Federal Minister for Finance and Revenue, Miftah Ismail on Tuesday assured Federal Board of Revenue (FBR) of his total support in the ongoing tax collection drive in the country. Miftah Ismail, visited FBR Headquarters, here to review performance and the ongoing drive for tax compliance by the country’s premier revenue collection organization, said a press…
PSX submits budget proposals to ensure capital market growth, economic development
Implementation of the proposals will help to document the economy and increase tax revenues, while also helping to meet important social objectives: PSX The Pakistan Stock Exchange (PSX) has presented important proposals for the federal budget 2022-23 to address economic challenges, boost national economy and grow the capital markets. These proposals have been submitted to…
Fertilizer industry to enable over USD 5.3 billion import substitution
The local fertilizer Industry is providing urea at around 84 percent discount, equivalent to Rs 9,823 per bag and is expected to enable import substitution of USD 5.3 billion in 2022. Discussing the latest business results and future outlook in first quarter analyst briefing, Imran Ahmed – Chief Financial Officer of Engro Fertilizers shared that…
Indicators show economy performing well despite challenges
Economic experts believe that political stability was imperative to continue the trend As demonstrated by various indicators, the county’s economy has been performing well so far despite global economic shocks caused due to Covid-19 pandemic and disruption in supply chain, hence necessitating the need for stability at political front to continue the trend. The economic…
Revenues grow by 29.1 percent to Rs4.3 trillion in 3 quarters
The net revenues collection by the Federal Board of Revenue (FBR) increased by 29.1 percent during the first three quarters of the current fiscal year as compared to the corresponding period of last year, the board reported here on Thursday. According to provisional figures released by the board, FBR collected Rs4,382 billion during July-March (2021-22)…
POS invoice verification expands by 62.7 pc in February
During the month of February about 249,000 invoices were verified by customers who shopped from outlets integrated with FBR POS System as against 153,000 in January 2022 The invoices verified by customers, who shopped from outlets integrated with Federal Board of Revenue’s (FBR) Point of Sale (POS) system, have increased by 62.7 percent during the…
FBR ensuring compliance of FATF regulations in true spirit: Chairman
Federal Board of Revenue (FBR) Monday clarified that it is making all out efforts in ensuring compliance of Financial Action Task Force (FATF) regulations in cases of DNFBPs (Designated Non-Financial Business or Professions), in letter and spirit, and is also fighting the menace of money laundering, by all means possible. Clarifying a news item published…