The Federal Board of Revenue (FBR) has empowered the Director of the Directorate General of Intelligence & Investigation Inland Revenue to approve the initiation of an inquiry against businessmen involved in tax fraud. This is subject to the condition of prior approval of the FBR Member, Inland Revenue (Operations) of the Board. The FBR has amended the Sales Tax General Order (STGO) 2 of 2025 t
The Agriculture Republic, a think tank working to reflect on issues faced by the agricultural economy and propose remedies, appreciated the Punjab’s cotton cultivation campaign as a positive step and called that it must be complemented by the decisive federal action. “It is imperative that the government urgently complete the PCCC-PARC merger, restore institutional clarity, and strengthen resea
Oil prices rose more than 1 percent on Tuesday, as renewed Iranian attacks on the United Arab Emirates heightened concerns about the worsening outlook for global supply if there is no quick resolution to US-Israeli war on Iran, now in its third week. Brent crude futures gained USD1.33, or 1.3 percent, to USD101.53 a barrel by 1515 GMT while US West Texas Intermediate (WTI) crude advanced USD1.2
Selling continued at the Pakistan Stock Exchange (PSX) as tensions in the Middle East kept investors wary, with the benchmark KSE-100 Index shedding nearly 1,600 points during the opening minutes of trading on Monday. At 10:45am, the benchmark index was hovering at 152,299.86, down by 1,566.30 points or 1.02%. Selling pressure was observed in key sectors, including automobile assemblers, cem
Asian markets were in a wary mood on Monday as hostilities in the Gulf kept oil prices elevated, complicating an inflation outlook that should keep most central banks on pause at policy meetings this week, barring one possible hike. In a possible hint of hope, the Wall Street Journal reported the Trump administration plans to announce as early as this week that multiple countries have agreed