A US-DELEGATION HEADED BY MR. DILAWAR SYED, STATE DEPARTMENT’S SPECIAL REPRESENTATIVE FOR COMMERCIAL AND BUSINESS AFFAIRS CALLED ON FEDERAL MINISTER FOR FINANCE AND REVENUE MR. MIFTAH ISMAIL AT FINANCE DIVISION, ISLAMABAD ON JULY 01, 2022.

Needed Inflows: Pakistan offers high returns to US investors

By Staff Reporter

ISLAMABAD: Pakistan on Friday invited US investors to make the most of the high-return investment opportunities that were up for grabs right now, especially in renewable energy as well as other sectors of the economy, a statement said on Friday.

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KARACHI: Indian fishermen showing their names as exit Malir jail following their release in the provincial capital. At least 20 Indian fishermen jailed In Pakistan released after five years. ONLINE PHOTO

Pakistan, India swap prisoner lists

By Staff Reporter

LAHORE: Islamabad and New Delhi on Friday swapped the lists of civilian prisoners and fishermen languishing in the jails of both sides, under the provisions of the Agreement on Consular Access signed between the two countries in 2008.

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Stumbling Block: IMF cutting no slack to Pakistan on anti-corruption reforms

By Staff Reporter

ISLAMABAD: Pakistan and its development partner, the IMF, are stretching their negotiatory limits to carve out a consensus on Prior Actions (PAs) for a staff accord, but the talks are stalemating as the lender is not backing down on its demand for putting a powerful anti-corruption watchdog among the dirty government officials from top to bottom.

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Hamza Shahbaz, the PDM's man to head the government in the Punjab province. Photo courtesy APP

Hamza Shehbaz to continue as CM, for now

By Staff Reporter

ISLAMABAD: The Supreme Court on Friday ruled the election for the post of Chief Minister Punjab would take place on July 22 to allow all parties due time to prepare for the exercise, but ordered Hamza Shahbaz to continue in office until that time.

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Finance Minister Miftah Ismail and Chairman FBR Asim Ahmad addressing news conference in Islamabad Friday, July 1, 2022. Photo courtesy of the Ministry of Finance.

FBR gearing to sniff out tax non-filers

By Staff Reporter

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Asim Ahmad told journalists Friday in the presence of Federal Minister for Finance Miftah Ismail that the authorities had started collecting data from National Database and Registration Authority (NADRA) to help broaden of tax base.

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Rs6,125 billion: FBR tops yearly tax target on strong imports, weak rupee

By Staff Reporter

ISLAMABAD: The Federal Board of Revenue (FBR) has surpassed its annual tax collection target by topping up the government’s coffers with Rs6,125 billion in the outgoing fiscal year 2021-22 ending on June 30, 2022, latest numbers showed late on Thursday, mainly because of increase in imports and massive devaluation of the exchange rate.

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