The Tajir Dost app was launched to tax retailers in Pakistan. Through the app, the government hopes to bring 3.5 million retailers into the tax net. Traders and shopkeepers can register under Section 181 of the Income Tax Ordinance 2001 via the Tax Asaan App, FBR’s web portal, or by visiting FBR’s tax facilitation centers. […]
Brent crude oil futures fell 28 cents, or 0.3%, to $84.97 a barrel by 0310 GMT. U.S. West Texas Intermediate crude futures dropped 31 cents, or 0.4%, to $80.59 per barrel. Both benchmarks had settled slightly higher on Wednesday. “An expected increase in US inventories of crude oil and gasoline are weighing on the market […]
According to sources, petrol is projected to increase by Rs7 per litre and HSD by Rs8 per litre due to higher international market rates. The international prices for petrol and HSD have risen by $4.4 and $5.5 per barrel, respectively, in the last fortnight. The hike in petrol prices could lead to domestic price hikes, […]
The Tenure of load shedding has been reduced to 12 hours by PESCO on the 75 high-lose feeders to provide relief to the customers in the hot weather. The high-lose feeders include 13 feeders of Peshawar Circle, 18 of Khyber, 27 of DI Khan, 13 of Bannu, three of Mardan, and one feeder of Swabi. […]
The Official Creditor Committee (OCC), led by Japan, France, and India, has requested details of Colombo’s other debt deals, a statement seen by AFP on Thursday read. The grouping agreed in Paris on Wednesday to restructure $5.8 billion in loans. But on the same day, Colombo struck another deal with the Exim Bank of China […]
Brent crude oil futures rose 40 cents, or 0.5%, to $85.41 a barrel by 0406 GMT. U.S. West Texas Intermediate crude futures gained 43 cents, or 0.5%, to $81.26 per barrel. “It seems the market is shrugging off demand concerns for now, anticipating inventory drawdowns in peak third quarter demand season. Official Energy Information Administration […]
On June 1, Japanese cryptocurrency exchange DMM Bitcoin reported a significant security breach, resulting in the loss of Bitcoin valued at approximately $300 million. The incident was described as an unauthorized leak from its digital wallet. In a statement released by the company, DMM Bitcoin indicated that they detected the unauthorized activity at around 13:26 […]
In preparation for this visit, Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal chaired a high-level meeting, under the directive of the prime minister, said a press release. Senior officials from federal ministries and heads of various sectors participated, highlighting the importance of this collaboration. Ahsan Iqbal directed the ministries to develop a […]
A delegation from the Pakistan Business Council held discussions with FM Aurangzeb concerning the upcoming fiscal year’s budget. During the meeting, the delegation presented specific tax proposals and commended the government’s ongoing efforts. Aurangzeb assured the delegation that their recommendations were being carefully considered and would be taken into account as much as possible in […]
The Oil and Gas Regulatory Authority (OGRA) had set the official price at Rs234.60 per kg, but the market price has soared to Rs280-285 per kg. Following the price hike, the cost of a domestic LPG cylinder has increased by Rs600, now selling at Rs3,370. Similarly, commercial cylinders are now priced at Rs12,435, up from […]
