Prime Minister Shaybaz Sharif granted the full power of the Federal Revenue Council (FBR), FBI and Intelligence Office (IB) to take action against those in the sugar industry who collected an estimated 140 billion rupees in unjustified profits, according to a news report. As part of a strategy in two phases, government officials and intelligence … Read more
Prime Minister Shaybaz Sharif expressed optimism about resolving tax issues worth 400 billion rupees, citing the existence of the last Sanad Sanad Court, which provided the government with 23 billion rupees. Speaking at the Council of Ministers, he identified economic reforms and the main governance that was presented during the past year. He highlighted the … Read more
The federal government has approved 14 billion rupees to transport agricultural pipes in Balochistan to solar energy as part of efforts to reduce dependence on traditional electricity and circular debts in the energy sector. During a meeting of a guidance committee chaired by Deputy Prime Minister Mohamed Ishaq Dar, officials reviewed the progress of the … Read more
IslamabadPakistan is losing more than 300 billion rupees every year due to a broken tax system that has strengthened the rise of illegal cigarette trade. This not only exhausts tax revenues, but also defies the effectiveness of state control. The disturbing discovery comes from a new report entitled “Towards an ideal tax system for the … Read more
Islamabad: The Federal Minister of Maritime Affairs, Mohamed Junaid Anwar Chaudhry, held a high -level meeting with the Ambassador of Denmark in Pakistan, Jacob Lenolf, to review the progress of the Danish investment in the marine sector in Pakistan and explore ways for more cooperation. During the meeting, the two sides discussed the implementation of … Read more
IslamabadPakistan is facing a large climate financing gap, which requires $ 348 billion between 2023 and 2030 to address the escalating climate crisis. This deficiency poses a serious threat to the economic stability of the nation and long -term sustainability, according to Dr. Shamshad Akhtar, former Finance Minister and a major figure in preventing the … Read more
Islamabad: Local and international companies are scheduled to invest in Pakistan oil and gas exploration and production sector (E&P) more than $ 5 billion in the energy sector in the country over the next three years. This attention follows the recent amendments to the oil policy and the introduction of a narrow gas policy, providing … Read more
On Friday, the Canadian Court approved a settlement plan, as companies affiliated with three major tobacco companies, including Philip Morris and British -Taba, will pay 32.5 billion dollars (22.67 billion dollars). The settlement addresses the lawsuits that claim that the Canadian units of these companies have been familiar with since the fifties of the last … Read more
IslamabadIt is expected that Pakistan will successfully complete the first review of the $ 7 billion loan program with the International Monetary Fund (IMF), according to officials and diplomats who were killed by Bloomberg. According to what was reported, the country has achieved great steps in strengthening revenues, which was a major condition for the … Read more
Islamabad: The government put its attention on collecting 250 billion rupees by expanding the scope of the tax network, implementing the framework of compliance risk management (CRM), and targeting retailers as part of a wider effort to close a significant shortage of revenue worth 604 billion rupees in the first eight months of the current … Read more