WASHINGTON, November 16, 2023 – In a significant move aimed at curbing financial support for Russia’s invasion of Ukraine, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on three maritime entities and designated three vessels as blocked property.
(more…)Author: Mrs. Anjum Shahnawaz
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Pakistan Slashes Petroleum Prices, Effective from November 16
In a move aimed at providing relief to the general public, the Pakistani government has announced a significant reduction in the prices of petroleum products, effective from Thursday, November 16, 2023.
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Pakistan Announces Petroleum Prices Today for Remaining Half of November 2023
Pakistan today is announcing petroleum prices for remaining half of November 2023, which will applicable from November 16.
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SECP Unveils Ambitious Five-Year Plan to Propel Insurance Sector Premium to Rs 1.22 Trillion
Islamabad, November 14, 2023 – The Securities and Exchange Commission of Pakistan (SECP) is set to embark on an ambitious journey to elevate the premium of the insurance sector by approximately 130 percent, targeting a substantial increase from the existing Rs 533 billion to Rs 1.22 trillion within the next five years, concluding by fiscal year 2028.
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IT Sector Leads SECP Registrations in Pakistan during October 2023
In a noteworthy development, the Information Technology (IT) sector emerged as the frontrunner in corporate incorporation in Pakistan during the month of October 2023.
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Pakistan Bans 111 Social Media Apps Offering Online Loans with Interest
November 14, 2023 – Pakistan has banned 111 social media apps that were offering online interest based loans, said caretaker Interior Minister Sarfraz Bugti on Monday.
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Pakistan Prime Minister Directs Comprehensive Strategy for FBR Restructuring
Islamabad, November 13, 2023 – Pakistan Prime Minister on Monday directed authorities to formulate a comprehensive strategy for restructuring the Federal Board of Revenue (FBR).
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Fog Anticipated Across Pakistan on November 14, 2023
Karachi, November 13, 2023 – The Pakistan Meteorological Department (PMD) issued a weather advisory on Monday, forecasting the likelihood of fog at various locations across the country on November 14, 2023.
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FBR Introduces Electronic Sales Tax Invoice Rules to Modernize Transaction Recording
Islamabad, November 10, 2023 – The Federal Board of Revenue (FBR) has taken a significant step toward modernizing tax documentation with the issuance of rules for electronic sales tax invoices.
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