Mashreq Pakistan Selects PTCL to Expedite the Bank’s Digital Transformation Journey
Pakistan Telecommunication Company Limited (PTCL) and Mashreq Pakistan, a part of Mashreq which is the leading financial institution in the MENA region, have signed an agreement for the provisioning of primary data center colocation services at PTCL’…
FBR’s Intelligence Unit Detects Big Cement Company’s Supplier Involved in Fake Invoices
The Federal Board of Revenue’s (FBR) Intelligence and Investigation Inland Revenue has detected a big Cement company’s supplier involved in fake and flying invoices worth millions of rupees.
According to a statement issued by FBR the Directorate of …
Gold Price in Pakistan Falls as International Prices Slip
The price of gold in Pakistan fell by Rs. 1,900 per tola on Tuesday to dip below the Rs. 250,000 per tola level.
According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) dropped by Rs. 1,900 per tola to Rs. 248,500, …
CCP Approves Go Petroleum’s Exclusive Agreement for Petrol With Aramco UAE
The Competition Commission of Pakistan (CCP) has granted a time-bound exemption on the relevant clauses of product supply agreement between Aramco Trading (ATC) Fujairah FZE Ltd and Gas and Oil Pakistan Ltd (GO Petroleum) for importing and selling Ga…
PSX Set to Increase Stock Price Circuit Breakers From Next Week
Pakistan Stock Exchange (PSX) will gradually enhance the security-wise Circuit Breakers by 0.5 percent on a fortnightly basis till they reach the 10 percent level, the main bourse said in a notice to investors on Tuesday.
This gradual enhancement wi…
FTO Orders Investigation Against Corporate Tax Office Islamabad
The Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah has ordered an investigation against the Corporate Tax Office Islamabad (CTO) for blunt violation of instructions issued by parent agency (FBR) to provide copies of order sheet entries s to the tax…
Pakistan’s Headline Inflation Expected to Fall Below 14% in May
Pakistan’s annual inflation is expected to fall to 13.1 percent in May 2024 compared to 17.3 percent in April 2024, brokerage house Ismail Iqbal Securities said in its report on Tuesday.
According to the report, on a month-on-month (MoM) basis, infl…
PRBC Calls for Bringing Untaxed, Undocumented Retail Sector in Tax Net
A delegation of Pakistan Retail Business Council (PRBC) led by Chairman PRBC Ziad Bashir called on Federal Minister for Finance Muhammad Aurangzeb at Finance Division today. Minister of State for Finance and Revenue Ali Pervez Malik also attended the…