News Makers News From Pakistan
The Federal Board of Revenue has bound the officers to declare and deposit the gifts received during official visits to foreign countries.According to the FBR that in its monthly meeting held at FBR (HQs), Board-in-Council (BIC) discussed various agend...
Read More »Daily Archives: January 3, 2022
FBR to Audit Hascol and Its Senior Management
The Federal Board of Revenue (FBR) has decided to initiate an audit of income and sales tax along with related financial affairs of Hascol Petroleum Limited and its top management.According to a report by Business Recorder, the inspection or audit of t...
Read More »Gas Shortfall Causes $250 Million Loss for Textile Sector in December Alone
Pakistan’s natural gas shortfall is wreaking havoc on the country’s export industry, and has stripped off $250 million worth of textile exports in December alone, reported by Bloomberg.According to Bloomberg’s calculations, the amount of $250 million w...
Read More »K-Electric Tariffs Expected to Rise by Rs. 4.8 Per Unit
The cost of quarterly adjustments for Karachi is expected to be as high as Rs. 4.80 per unit.National Electric Power Regulatory Authority (NEPRA) reserved its decision after hearing K-Electric’s request for an increase in the per-unit price of electric...
Read More »PSX Listed Companies Paid Highest Dividends in 2021
The listed companies at the Pakistan Stock Exchange (PSX) paid the highest ever dividends of Rs. 499.84 billion in the calendar year 2021 (CY21), a staggering 87 percent higher than the CY20 figure of Rs. 267.608 billion.Finance Ministry spokesperson, ...
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