ISLAMABAD: After getting hundreds of billions of rupees in subsidy from the government, to offset the impact of its high energy cost, K-Electric has once again sought the NEPRA nod for the transfer of its Rs 68.85 billion losses to the government or electricity consumers.In their written comments and during …
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Staff Report The Ministry of Law and Justice, in collaboration with the Federal Board of Revenue (FBR), successfully concluded a transformative three-day training program for customs prosecutors, says an official release. Held at the National Institute of Banking and Finance (NIBAF), the program aimed to enhance prosecutors’ professional capabilities, equipping …
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Aftab Maken The Chairman of PTA informed the Senate Committee on IT on Thursday that VPN licensing would commence on January 1, asserting that it would address certain issues. However, he clarified that VPNs are not the cause of slow internet. Minister of State for IT, Shiza Fatima, stated that …
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The IMF program includes 22 structural benchmarks, 18 of which the federal government is required to implement, while the State Bank is responsible for the remaining four. The government is prohibited from offering any tax exemptions or issuing net supplementary grants. In the gas sector, the supply of gas to …
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BeNewz Special The Federal Board of Revenue (FBR) Directorate of Intelligence and Investigation Inland Revenue, Islamabad, has arrested the bank manager of the First Women Bank’s Imperial Court Branch in Karachi in connection with a tax fraud case. According to FBR sources, the accused opened a bank account in the …
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BYD–a Chinese Electric Vehicle (EV)–launches its brand in Pakistan. Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb also attended the BYD Brand Launching in Pakistan. — BYD, a global frontrunner in electric vehicles and renewable energy solutions, made a significant entry into the Pakistani market today, promising a new …
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The Competition Commission of Pakistan (CCP) has passed an order imposing a fine of Rs 60 million on Unilever Pakistan for airing deceptive claims through television commercials for its hygiene and cleansing products, ‘Lifebuoy (Care and Protect) Soap’ and ‘Lifebuoy Hand Wash’. The Commission’s bench has disposed of proceedings about …
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The federal government has appointed Rashed Langrial of the Pakistan Administrative Service (PAS) as the Chairman of the Federal Board of Revenue (FBR). Sources revealed that the federal government has completed preparations for the new Chairman of FBR’s appointment, and approval for the appointment has been sought from the federal …
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Secretary Petroleum next in the line of fire The Director General Petroleum Concession (DGPC) has become the first casualty of the controversial framework for the allocation of gas to third parties. The petroleum minister successfully removed the DGPC from his post on Tuesday amid controversy surrounding the implementation of the …
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Federal Minister of Finance, Muhammad Aurangzeb, has stated that Chinese ministers have appreciated the discussions with the International Monetary Fund (IMF) and that China will support Pakistan in the IMF board’s approval. He added that without achieving macroeconomic stability, the issues will not be resolved. During a press conference in …
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