Govt to Take Special Measures to Generate Rs. 120 Billion Tax Revenue
The government has decided to take three alternate taxation measures to generate an additional amount of Rs. 120 billion through amendments to the Finance Bill 2021.• The government may withdraw the proposal of abolishing withholding tax on banking tra…
Textile Group Exports Report a Major Decline in May 2021
The country’s textile group exports have witnessed a decline of 20.45 percent in May 2021, standing at $1.060 billion compared to $1.332 billion during April 2021, according to the Pakistan Bureau of Statistics (PBS). The exports and imports data relea…
Pakistan Hopes to Solve Tariff Issue With New Proposals to IMF and WB
The Power Division will submit a new Circular Debt Management Plan (CDMP) to the International Monetary Fund (IMF) and the World Bank, reported Business Recorder.The proposal will be submitted at the end of the current month with an innovative approach…
Banks Have Given Out Loans Worth Rs. 30 Billion for Housing Finance
The banking sector of Pakistan has approved loans worth Rs. 30 billion against applications of approximately Rs. 90 billion under the government markup subsidy facility for low-cost housing finance, data released by the State Bank of Pakistan (SBP) sho…
SECP Issues Guidelines for Issuance of Green Bonds in Pakistan
The Securities and Exchange Commission of Pakistan (SECP) has issued guidelines for the issuance of green bonds in Pakistan. The guidelines provide an easy and efficient procedure for the issuance with the concise offering of documents/prospectus.All t…
Chairman FBR Constitutes Committees to Remove Anomalies in the Finance Bill 2021
Federal Board of Revenue (FBR) Chairman has constituted Anomaly Committee-Technical and Anomaly Committee-Business to identify and remove the technical and legal anomalies in the Finance Bill 2021.The Anomaly Committee-Technical will be chaired by Naee…