Economy

Public Accounts Committee Worried About Corruption in Utility Stores

Public Accounts Committee of the parliament raised concerns over rampant corruption and sale of substandard items in Utility Stores Corporation. The committee proposed to close the corporation if it can’t deliver to the masses.A meeting of the Parliame…

Economy

FBR Notifies Increase in Property Rates in 40 Cities

Determining the fair market value of immovable properties, the Federal Board of Revenue (FBR) has considerably raised the value of domestic and commercial properties in 40 cities. The revision, to be effective from December 1, 2021, has been made on th…

Economy

Privatization of Heavy Electrical Complex Nears Completion

Federal Minister for Privatization, Mohammed Mian Soomro, has said that the transaction of Heavy Electrical Complex (HEC) is nearing completion, as the related pending matters are being resolved and the potential investors are being facilitated.Accordi…

Economy

Here’s the Number of FIRs Registered by FBR for Money Laundering in 4 Years

The Federal Board of Revenue (FBR) registered 215 First Information Reports (FIRs) against 267 people under the Anti-Money Laundering (AML) Act in the last four years.Chairman FBR, Muhammad Ashfaq Ahmad, shared this with the National Assembly Standing …

Economy

FBR Warns Sugar Traders of Action on Failure to Comply With Track & Trace System

The Federal Board of Revenue (FBR) has advised all the Chambers of Commerce & Industries, trade entities, and trade associations of the country to strictly comply with the legal requirements of the Track & Trace …

Economy

Tarin Orders to Control Prices of Edible Oil

Adviser to the Prime Minister on Finance and Revenue, Shaukat Tarin, on Wednesday, directed the Ministry of Industries and Production to take measures to control the prices of edible oil.He was presiding over the National Price Monitoring Committee (NP…