KARACHI, October 28 2024: The Initial Public Offering (IPO) market in Pakistan is experiencing a noteworthy resurgence in the calendar year 2024, bolstered by a more favourable economic climate and robust performance on the stock market, according to analysts. Key macroeconomic indicators such as a declining inflation rate, easing monetary policy, a stable currency, and…
KARACHI, October 28 2024: In recent developments, a controversial fiscal measure has emerged: a higher tax on banking income derived from government securities. This tax is tied to the advance-to-deposit ratio (ADR), imposing an additional 10-15% charge on banks whose ADRs fall below 50% at the end of the banking year. While the intention behind…
ISLAMABAD, October 28 2024: In a bold move to enhance tax compliance and combat the rampant issue of fake invoicing, the Federal Board of Revenue (FBR) has taken decisive action against Tier-1 retailers and restaurants in Islamabad. As part of their initiative to integrate the Point of Sale (POS) invoicing system, two prominent restaurants were…
ISLAMABAD, October 28 2024: In a bustling metropolis where skyscrapers touch the clouds and business is the lifeblood of the economy, a stark reality unfolds beneath the surface. A mere 5,000 companies, representing a fraction of the nearly 125,000 registered entities in Pakistan, dominate the corporate tax landscape, shouldering an astonishing 90 per cent of…
ISLAMABAD, October 28, 2024: In the heart of Islamabad, a storm was brewing as ten Independent Power Producers (IPPs) established under the 2002 Generation Policy took a bold step that could reshape Pakistan’s energy landscape. Frustrated by the government’s handling of capacity payments and the rising consumer tariffs, they penned a joint letter to Prime…