UBL to Shut Down Its Subsidiary in Switzerland
United Bank Limited (UBL) continues to scale back its international operations as part of its global realignment strategy in phases, and now plans to voluntarily...
CCP Inquiry Reveals Price Fixing and Cartels in Milk Sector
The Competition Commission of Pakistan (CCP) has concluded an inquiry in the dairy sector, which has found the prima facie involvement of three leading dairy...
NPMC to Devise a New Strategy to Normalize Prices of Everyday Items
Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, presided over a meeting of the National Price Monitoring Committee (NPMC) held at the Finance Division.He...
NA Passes Financial Institutions Bill to Improve SME Financing
The National Assembly has passed a legal amendment bill, ‘Financial Institutions (Secured Transactions) (Amendment) Bill, 2020,’ to improve access to loans for small and medium...
Punjab Allocates Rs. 2.653 Trillion Budget With No New Taxes for 2021-22
The Punjab government presented the budget for the fiscal year 2021-22 with an estimated outlay of Rs. 2.653 trillion, including an Annual Development Program (ADP)...
IMF is Not Cancelling its Loan to Pakistan: Shaukat Tarin
The federal Minister for Finance, Shaukat Tarin, has announced that the Extended Fund Facility (EFF) program will continue as both Pakistan and the International Monetary...
FBR Issues Clarification Over Taxes on Pensions and Salaries
The Federal Board of Revenue (FBR) has categorically said that no tax has been imposed on pensions, major components of salary, gratuity funds payments, leave...
Govt to Transfer Telephone Industries of Pakistan to NRTC
The government has decided to hand over the loss-making entity — the Telephone Industries of Pakistan (TIP) — to the National Radio & Telecommunication Corporation...