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BUSINESS
FBR granted authority to recover funds without prior notice under Tax Ordinance 2025.
ISLAMABAD - The Federal Board of Revenue (FBR) has been granted sweeping powers to recover tax dues directly from taxpayers’ bank accounts and seize properties without prior notice, under the newly promulgated Tax Laws (Amendment) Ordinance…
APFDA rejects new amendments in tax laws , demands revoking of Draconian Ordinance
Islamabad : Like other business communities' representative bodies , All Pakistan Fertilizer Dealers Association (APFDA) has strongly rejected promulgation of new ordinance which authorises tax machinery to attach bank account of any…
DGTO stays PSMA elections, directs Zaka Ashraf & Co’s to refrain from functioning as…
ISLAMABAD: The Director General Trade Organisations (DGTO) has issued interim order, directing respondents --Zaka Ashraf and Co-- not to function as elected body of Pakistan Sugar Mills Association (PSSMA). DGTO also rejected the plea of…
SBP releases half year report FY25 on state of Pakistan’s economy
Karachi : Pakistan’s macroeconomic conditions improved further in H1-FY25, according to the State of Pakistan’s
Economy, Half Year Report FY25, released today by the State Bank of Pakistan (SBP).
The report noted that
headline…
Anti-competitive practices; CAT upholds PKR50 million fine on PVMA
ISLAMABAD, April 25: The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by the Pakistan Vanaspati Manufacturers Association (PVMA), thereby upholding the Competition Commission of Pakistan’s (CCP) order imposing a Rs.…
CCP apellate tribunal upholds penalty on Karachi Nimco for deceptive marketing
ISLAMABAD, April 19: The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by M/s Karachi Nimco, upholding the order of the Competition Commission of Pakistan (CCP) that imposed penalty of PKR 20 million, for deceptive…
Competition Commission launches comprehensive report on Insurance Industry, proposes reforms
ISLAMABAD, April 17, 2025: The Competition Commission of Pakistan (CCP) has released its comprehensive report on the State of Competition in Pakistan’s Insurance Industry, highlighting key challenges and offering strategic recommendations…
PSMA ran into trouble as Zaka Ashraf grabs chairman office illegally
LAHORE : Pakistan Sugar Mills Association (PSMA) is on the verge of complete disaster as its illegal executive committee elected Zaka Ashraf as central chairman and other office bearers in violation of the rules of DGTO of the ministry of…
Hyundai found involved in deceptive marketing tactics in Pakistan
CCP Slaps PKR 25 million Fine on Hyundai for Misleading Tucson Launch Offer
ISLAMABAD, April 16: The Competition Commission of Pakistan (CCP) has cracked down on Nishat Hyundai Motors, slapping the auto giant with a PKR 25 million…
Minister Kayani and IFC discuss key steps to modernize Pakistan Railways
ISLAMABAD: A delegation of International Finance Corporation (IFC), led by Global Director Linda Rudo Munyengeterwa, called on Bilal Azhar Kayani, Minister of State for Railways. Senior official of Ministry of Railways and IFC participated…
