The Oil Marketing Association of Pakistan (OMAP) has demanded the federal government to release Rs. 90 billion in foreign exchange adjustments and tax refunds to the oil industry.
The association has appealed to Finance Minister Muhammad Aurangzeb t…
The Bank of Punjab, a Key player in Pakistan’s SME banking Segment, has joined hands with SME Finance Forum (SMEFF) managed by International Finance Corporation (IFC).
SMEFF is a global membership network dedicated to expanding access to finance for…
The Board of Directors of Searle Company Limited (PSX: SEARL) has in-principal approved the disposal of 100 percent shareholding/ control of Searle Pakistan Limited (SPL), the company informed the main bourse on Wednesday.
‘Furthermore, the Board of…
Faysal Bank Limited (FBL) Pakistan’s fastest-growing Islamic bank, inaugurated its Multan Regional Head office building, including a flagship branch for its Priority customers.
On the occasion, Mr. Yousaf Hussain, President and CEO, Faysal Bank, hos…
Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal presided over a high-level meeting to discuss the role and reforms of the Planning Commission and viewed to re-examine the structure of Planning Commission and make necess…
The upcoming federal budget (2024-25) would issue new rates of duties and taxes on the import of black tea.
The Federal Board of Revenue (FBR) has submitted three proposals before the Finance Minister for approval.
The purpose of the exercise is to…
The federal government has shared with the International Monetary Fund (IMF) that it will increase the average electricity tariff based on annual adjustments from Rs. 5 to Rs. 7 per unit in July.
Despite the proposed increase, the government said it…
The federal government is likely to increase an advance tax on cash withdrawal by non-filers from banks in the next fiscal year budget.
Sources told ProPakistani that this tax proposal has been discussed with the IMF team in recent ongoing negotiati…