In a landmark order, the Federal Tax Ombudsman (FTO) Friday ordered the immediate release of the consignments of imported soybean feed for the poultry sector. The order follows approval by…
Category: Business
Pakistan Has Only 5.8 Million Metric Tons of Wheat to Feed 220 Million Citizens
Pakistan currently has a total stock of unmilled wheat of 5.8 million metric tons. This is insufficient to cater for the national requirement of 220 million population. education never dies…
FBR Sets Tax Collection Target of Rs. 965 Billion for December
The Federal Board of Revenue (FBR) is facing the impossible task to collect Rs. 965 billion in December for meeting the assigned revenue collection target. An extraordinary growth of 61…
FBR Issues New Conditions for International Carriage of Goods Via Roads
The Federal Board of Revenue (FBR) has issued standardized conditions for the international carriage of goods by road. The rules include responsibilities of the sender and carrier of such goods…
Gold Prices to Remain High in Pakistan, But Gem Industry Offers Mega Growth Potential
Gold prices in Pakistan have largely shrugged off international market trends due to weak demand conditions at home. While economic and political uncertainty is expected to keep consumer sentiment low,…
Senior Customs Officer Dismissed On Missing Dozens of Seized Vehicles
Customs Collectorate of Customs Islamabad has removed the Superintendent Incharge of Anti-Smuggling Organization (ASO), Investigation and Prosecution (I&P) from the post on missing dozens of seized vehicles. The Customs Department…
Dar Stresses on Providing Maximum Relief to Country’s Poorest
Finance Minister Ishaq Dar has directed the Ministry of Industries and Production to formulate a comprehensive model under which maximum relief can be provided to the poor. The minister chaired…
ECC Approves Increase in Petroleum Levy on Hi-Octane
The Economic Coordination Committee (ECC) of the Cabinet on Friday allowed increasing petroleum levy to Rs. 50 per liter on Hi-octane vehicles. The meeting, presided over by Finance Minister Ishaq…
Food Ministry Ignores Punjab Govt’s Request for Wheat Release Thrice
The Ministry of National Food Security and Research has ignored the request of the Government of Punjab thrice for wheat provision for the province. This was stated in a letter…
Pakistan Among 54 Countries Suffering From Severe Debt Problems: UN
Pakistan is one of 54 countries in desperate need of debt relief, having suffered over $30 billion in damages as a result of recent floods. The United Nations warned that…