The Punjab Revenue Authority (PRA) has warned that business establishments will be sealed in the event of unnecessary delays or non-payment of taxes. The announcement came during a departmental meeting chaired by PRA Chairman Moazzam Iqbal Sipra where officials were briefed on measures to ensure that no provincial or federal institution issues licenses to entities that are not registered with t
In an order against an insurance company, the Appellate Bench of the Securities and Exchange Commission of Pakistan (SECP) has declared that the company has clearly committed violations of regulations as it delayed the obtaining of approvals from the commission. The company also failed to classify shares deposit money and advance for purchases of shares, the order of the Appellate Bench added.
The Pakistani rupee strengthened against the US dollar, appreciating 0.05% during Wednesday’s opening hours of trading in the inter-bank market. At 10am, the currency was hovering at 280.73, a gain of Re0.14 against the greenback. On Tuesday, the local unit closed at 280.87. Internationally, the safe-haven Japanese yen and US dollar garnered demand on Wednesday as an aggressive tech-led s
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has described the blue economy as a game changer for Pakistan’s future growth, underscoring its potential to reach USD 100 billion by 2047 and reaffirming the government’s commitment to policy continuity, investment facilitation, and sustainable maritime development. He made this statement while delivering a virtual address on
Oil prices fell on Wednesday amid a broader selloff in global financial markets that underscored concerns about economic and fuel demand growth, with a stronger U.S. dollar and reports of rising U.S. crude stockpiles adding to the worries. Brent crude futures fell 36 cents, or 0.56%, to $64.08 a barrel by 0221 GMT. US West Texas Intermediate crude was down 40 cents, or 0.66%, at $60.16. Both