Karachi, October 28, 2024: English Biscuits Manufacturers (EBM) has partnered with the Karachi Biennale Trust for the fourth edition of the Karachi Biennale. The city-wide Karachi Biennale aims to nourish art by fostering a platform that promotes creativity, innovation and criticality in the visual arts. This year’s Biennale is themed ‘Rizq | Risk’ and centres around…
ISLAMABAD, October 28 2024: Annual revenue of the National Highway Authority has been increased by 100% from 64 billion to 110 billion rupees which is a historical and unique example in the income of any Government organization of the country. Moreover, at toll plazas revenue collection has also reached 64 billion rupees from rupees 32…
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…