By Staff Reporter
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday directed cigarette manufacturers to join the Track and Trace System regime with effect from July 1, 2022, to bring the sector’s larger tax evading part in the tax net.
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Covid Comeback: Pakistan sets off alarms as new cases go north
By Staff Reporter
ISLAMABAD: Setting off serious alarms for the first time since the new Covid variant’s outbreak in Pakistan, the country’s top health official on Monday appealed to the people to not to let their precautionary guard down in any way to save themselves as well as others from the pandemic.
The anatomy of our horrid power crisis
By Staff Reporter
ISLAMABAD: Despite the government’s repeated claims to end load shedding, Pakistani households and businesses continued to suffer intermittent power outages in the scorching summer heat of June – and the pattern shows no signs of going away in July.
Photo courtesy of APP
June saw history’s worst inflation
By Staff Reporter
ISLAMABAD: Official data published Friday put the crucial Consumer Price Index (CPI) for the month of June 2022 at 21.32 percent, up 6.34 percent month-on-month from the level reported for May, a reflection of how the purchasing power of the common Pakistani is evaporating in thin air.
Former prime minister Imran Khan is seen planting a sapling during the ground-breaking ceremony of Margalla Highway, Islamabad, on April 19, 2021. Photo courtesy PID.
Billion tree tsunami under scrutiny for graft
By Staff Reporter
ISLAMABAD: Former prime minister Imran Khan’s flagship billion tree tsunami has attracted the attention of anti-graft authorities, Independent Pakistan can report.
ISLAMABAD: Minister of Finance Miftah Ismail addressing a press conference along with others at Pak Secretariat in Federal Capital. ONLINE PHOTO by Sultan Bashir dated June 11, 2022
Miftah Ismail’s ironclad case for super tax
By Staff Reporter
ISLAMABAD: A candid exchange over Twitter involving Finance Minister Miftah Ismail was reported here the other day as “a rare peek” into his approach to budget making. It turns out such peeks are anything but rare.
The Plot: PSX plummeted after the announcement of super tax. Screenshot from PSX data portal.
Super tax: A bridge too far?
By Staff Reporter
ISLAMABAD: The government scrambled to control damage Friday after the announcement of a 20 percent super tax sowed panic among the markets, causing the PSX to lose 2,055 points or 4.81 value in a mere 20 minutes before trading was closed to stem further damage.
Iron brother to the rescue with a $2.3bn lifeline
By Staff Reporter
ISLAMABAD: With Pakistan well on its way to having the International Monetary Fund (IMF) revive a stalled bailout package it urgently needs, news came on Wednesday that a consortium of Chinese banks has thrown Islamabad a credit line of over USD 2 billion.