The Federal Board of Revenue (FBR) has taken decisive action in Pakistan’s cement industry, intensifying its audit operations following the discovery of a major tax fraud involving bogus input tax claims. This bold move follows the FBR’s imposition of a significant penalty on a leading cement manufacturer found to be claiming false input tax credits. […]
In a landmark decision to revitalize Pakistan’s energy sector, the Cabinet Committee on Energy (CCoE), led by Prime Minister Shehbaz Sharif, has approved the establishment of an Independent System and Market Operator (ISMO). This independent entity is set to reshape the nation’s power sector, introducing competition and efficiency that promises a brighter, more sustainable energy […]
Karachi, a city renowned for its vibrant culture and bustling streets, has achieved another milestone in public transportation. On October 10, 2024, Sindh Infrastructure Development Company Limited (SIDCL) launched Pakistan’s first ‘Cashless Transport Ticketing System’ for the city’s Green Line and Orange Line bus services. Partnering with United Bank Limited (UBL), this development signifies a […]
As Pakistan’s fiscal landscape continues to evolve, the federal government has turned its attention to an often-overlooked sector—agriculture. Finance Minister Muhammad Aurangzeb recently announced that starting in the fiscal year 2025-26, provincial governments will begin collecting agricultural income tax at new rates. This move has generated significant conversation around both the economic and political ramifications, […]
In a significant move reflecting growing global apprehensions about the security of data on digital platforms, Canada has ordered Chinese-owned TikTok to dissolve its business operations within the country. Innovation Minister Francois-Philippe Champagne announced the decision on Wednesday, attributing the choice to mounting national security concerns linked to TikTok’s parent company, ByteDance Ltd., and its […]
In a major restructuring initiative aimed at rightsizing and enhancing efficiency, Pakistan Post has recently abolished 1,511 positions, following the elimination of 2,000 posts earlier in the year. This brings the total number of positions removed within Pakistan Post to 3,616, part of a broader governmental effort to rationalize the workforce and cut down on […]
In a historic achievement, BYD Co., China’s leading automaker and a major force in the electric vehicle (EV) market, has reported quarterly revenue exceeding that of Tesla Inc. for the first time. BYD’s revenue of 201.1 billion yuan ($28.2 billion) for the three months ending in September highlights the company’s expanding influence as a global […]
The Federal Board of Revenue (FBR) in Pakistan is on a mission to enhance transparency, compliance, and efficiency in its tax processes. With the launch of its advanced Stock Register System within the Information Center 2.0, the FBR has made strides toward modernizing Pakistan’s tax administration. This sophisticated system offers real-time access to crucial data, […]
Islamabad: Pakistan is moving rapidly toward a sustainable transportation future with the government’s latest initiatives to enhance the country’s electric vehicle (EV) ecosystem. The recent announcement to set up 40 EV charging stations along Pakistan’s motorways and the introduction of targeted financing mechanisms signal the government’s commitment to transitioning towards cleaner, more sustainable transport solutions. […]
Honda Motorcycles has long been a dominant player in Pakistan’s two-wheeler market, driven by a strategic approach to pricing, localized production, and the unshakeable loyalty of its customer base. Amidst an economic slowdown, rising fuel prices, and an influx of competitors, Honda has maintained its position not only by securing market share but by growing […]
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