News Makers News From Pakistan
The Federal Board of Revenue (FBR) has issued a list of 101 unregistered retailers (Tier-1), who are required to be integrated with the FBR’s Point of Sale (POS) system, and has also issued a Sales Tax General Order (STGO) 1 of 2022.It stated that thes...
Read More »Daily Archives: July 6, 2022
SECP Cautions Digital Lending NBFCs of Regulatory Action If Fair Practices Not Adopted
The Securities and Exchange Commission of Pakistan (SECP) has cautioned digital lending Nonbank financial companies (NBFCs of regulatory intervention if full disclosure and fair business practices are not ensured by the industry as a whole.SECP called ...
Read More »PM Shehbaz Orders an Inquiry on Delay in Gwadar Breakwater Project
Prime Minister Shehbaz Sharif, in a tweet, has announced that an inquiry will be carried out on the criminal delay in the Gwadar Breakwater project.The PM said that it boggled his mind that the Pakistan Tehreek-e-Insaaf (PTI) government ignored the pro...
Read More »Pakistan’s Oil and Gas Production Declines in FY22
Oil production in Pakistan declined by 3 percent year on year (YoY) to 26.8 million barrels or 73.4k barrels per day (bpd) in FY22.This was largely due to the decline in production from Nashpa, Adhi, and Makori East oil fields, and no addition of any s...
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