Islamabad: In the aftermath of the enactment of “tax laws (amendment), 2025”, the Federal Council for Revenue (FBR) began recovery procedures against companies in which the courts ruled in favor of FBR. The Grand Tax Office (LTO), Islamabad, remained open late on Saturday night to recover taxes from telecommunications companies after the decree was approved. … Read more
The Standing Committee on Trade of the National Assembly stressed the need to recover dues owed by the federal and provincial governments, during its seventh meeting today, Saturday. The committee, headed by Muhammad Jawad Hanif Khan, reviewed export strategies and discussed ways to enhance trade competitiveness. The Ministry of Commerce briefed the Committee on the … Read more
Islamabad: The World Bank’s $213 million Integrated Flood Resilience and Adaptation Project (IFRAP) is gearing up for restructuring to promote rapid disbursement of funds for resilient housing reconstruction and restoration efforts in Pakistan. Official documents state that the IFRAP, signed on July 3, 2023, aims to revive and improve the livelihoods of communities affected by … Read more
Pakistan’s cotton industry continues to face a deepening crisis, with total production down by 48% compared to the same period last year, according to the latest data from the Pakistan Cotton Ginning Association (PCGA). As of mid-October, ginning mills had received 3.1 million bales, down from about 6 million bales by this time in 2023, … Read more
A participant stands near the World Bank logo at the 2018 World Bank IMF Annual Meeting in Nusa Dua, Bali, Indonesia, October 12, 2018. — Reuters The World Bank adjusts India’s economic growth rate to 7% on an annual basis “It has recovered from the crises in Sri Lanka and Pakistan.” Bangladesh’s growth forecast was … Read more