General

Senator Mahmood Objects to Banks for Charging Fee for Online Transactions

The meeting of the Senate Standing Committee on Finance was held at the Parliament House under the chairmanship of the Chairman Committee Senator, Muhammad Talha Mehmood.The issue of charges on transactions of funds by banks was discussed in the meetin…

General

Sikh community welcomes reopening of Kartarpur for pilgrims from India

Sikh community across the world has welcomed Pakistan’s decision to reopen Kartarpur Corridor for Sikh pilgrims from India.An analytical report released by Kashmir Media Service said that fully vaccinated Sikh pilgrims can now visit to perform rituals…

Economy

Engro Corporation Announces Phenomenal H1 2021 Results

Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the second quarter that ended on 30 June 2021.Overview of Financial PerformanceEngro delivered a strong operational performance in 1H 2021 as its consol…

Economy

Dr. Muhammad Ashfaq Ahmed Appointed As New FBR Chairman

The federal government has appointed the Federal Board of Revenue (FBR) member Inland Revenue (Operations), Dr. Muhammad Ashfaq Ahmed, as the new chairman of the Federal Board of Revenue. According to two notifications issued by the FBR, Dr. Muhammad A…

Economy

Auction of Services International Hotel Scheduled for 26 August

The Ministry of Privatisation will auction the Services International Hotel (SIH) on 26 August.The property is located on Mall Road, Lahore, and investors may exercise a mix-use option while developing the property.The current value of Rs. 1,949,718,50…

Economy

FBR To Allow Input Tax Credit Against Supply Record Of AJK/GB Registered Persons

The Federal Board of Revenue (FBR) will allow input tax credit against electronic data of supplies by the persons registered in Azad Jammu and Kashmir and Gilgit Baltistan.The FBR has issued S.R.0.1064(1)/2021 here on Tuesday to amend the Sales Tax Rul…