The Sensitive Price Indicator (SPI) for the week ended December 30, 2021, recorded a decrease of 0.50 percent, says the Pakistan Bureau of Statistics (PBS).The decline in SPI was due to a decrease in the prices of tomatoes (30.92 percent), potatoes (7….
Govt Decides Against Privatizing Mari Petroleum Company
The cabinet committee on privatization (CCoP) has decided to remove Mari Petroleum Company Limited from the list of privatization after a detailed deliberation on a proposal seeking divestment of the government’s shares in the firm.Federal Minister for…
Chairman FBR Slams Media Reports for Twisting Tax Issues
Chairman Federal Board of Revenue (FBR), Dr. Muhammad Ashfaq Ahmed, said on Friday that certain media reports misinterpreted various tax issues as many taxes which were reportedly imposed were in fact not levied.Addressing a press conference, the Chair…
Pakistan & Afghanistan Conclude Second Round of Negotiations on Double Taxation
Afghanistan Revenue Department (ARD) and Federal Board of Revenue (FBR) concluded the second round of negotiations on the Double Taxation Agreement (DTA) between Pakistan and Afghanistan.The four-member delegation of the Afghanistan Revenue Department …
Here’s the Real Reason Why Pakistan’s Textile Exports Have Increased
More than two-thirds of the $1.7 billion increase in textile exports from July to November 2021 is due to an increase in global prices. In other words, had international prices remained the same from last year, the dollar value of textile exports would…