Pakistan is eagerly anticipating the announcement of new petroleum prices for the second half of May 2023, scheduled to be made on May 15.
(more…)Author: Mrs. Anjum Shahnawaz
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Pakistan allows registration of 70 foreign companies
Pakistan has allowed registration of 70 foreign companies in the month of April 2023. This brings the total number of registered companies to 191,924 with the Securities and Exchange Commission of Pakistan (SECP).
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Pakistan’s tobacco industry faces challenges amidst excise increases and duty evasion
In February 2023, Pakistan’s Finance (Supplementary) Bill 2023 introduced a significant excise increase for the tobacco industry, resulting in the highest-ever excise duty on tier-1 and tier-2 cigarette brands.
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FBR notifies rules for transit trade between Tajikistan and Pakistan
The Federal Board of Revenue (FBR) on Friday issued SRO 560(I)/2023 to notify rules for implementing transit trade between Tajikistan and Pakistan.
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Pakistan’s economy grapples with stagflation: IMF
In the face of a challenging economic situation marked by stagflation, severe floods, and substantial financing needs, Pakistan has actively engaged with the International Monetary Fund (IMF) to address these pressing issues.
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Supreme Court declares arrest of Imran Khan Illegal
In a groundbreaking decision, the Supreme Court of Pakistan has declared the arrest of former Prime Minister Imran Khan as illegal.
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Regulations imposed on imports for special technology zones
Regulations have been imposed on imports for Special Technology Zones (STZs) by the Federal Board of Revenue (FBR) in an effort to ensure proper management and control over the importation of goods within these zones.
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ECC approves settlement agreement for Roosevelt Hotel New York
The Economic Coordination Committee (ECC) of the Cabinet, chaired by Minister for Finance and Revenue Senator Mohammad Ishaq Dar, convened on Wednesday and approved the execution of the settlement agreement for the Roosevelt Hotel in New York.
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P@SHA demands immediate resumption of Internet services
Muhammad Zohaib Khan, Chairman of Pakistan Software Houses Association (P@SHA), has strongly criticized the abrupt and unconsulted blockage of internet services in the country amid the ongoing political situation.
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New petroleum prices to be announced by Pakistan on May 15, 2023
Pakistan is gearing up to announce new petroleum prices on May 15, 2023, for the second half of the current month. The decision comes in the midst of falling value of Pakistani Rupee (PKR) and declining trend in global oil prices.
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