In order to reduce a startling tax gap of more than Rs6 trillion, the Economic Coordination Committee (ECC) of the cabinet on Tuesday approved five proposals to transform the Federal Board of Revenue (FBR) at an estimated cost of Rs25 billion. The ECC meeting, chaired by Finance Minister Muhammad Aurangzeb, also approved a technical supplementary grant for the Pakistan Post Office Department an
For the second fortnight, the prices of major petroleum products — petrol and high-speed diesel (HSD) — are estimated to go up again about Rs4-5 per litre from Nov 16 for a fortnight owing to higher international prices and import premium on petrol. Informed sources said the average prices of petrol and HSD increased in the international market by about $1.7 and $4.4 per barrel, respectively, i
The International Monetary Fund (IMF) is reported to have expressed satisfaction over the increase in the tax-to-GDP ratio by nearly 1.5 percentage points, relieving the authorities from any push for additional tax measures through a mini-budget. According to sources closely involved in ongoing discussions with the visiting IMF mission, the Federal Board of Revenue’s (FBR) revenue collection t
The National Assembly’s Standing Committee on Commerce has urged state-owned insurance companies to implement enhanced reforms to expand their coverage to underserved areas. The committee meeting was chaired by MNA Jawed Hanif Khan at the Parliament House, and the agenda focused on assessing the performance and operational scope of insurance companies operating under the Ministry of Commerce.
A panel of government officials and experts from diverse professions gathered on Wednesday to discuss the emergence of artificial intelligence, its regulation, and application for scaling businesses. They also addressed concerns regarding the technology’s ethical use and loss of jobs. The ‘AI Convergence Summit’ organised by Cygnis featured representatives from fintech, e-commerce, product desi