The Federal Board of Revenue (FBR) has established dedicated cells in each tax office to provide all necessary legal and technical assistance to taxpayers who were formerly filing manual returns. On Wednesday, the FBR has announced special measures to assist manual income tax filers as part of its ongoing efforts to fully digitize tax operations across Pakistan. With the objective of ensurin
The All Pakistan Textile Mills Association (APTMA) has called for transparency in the tariff structures of gas companies and demanded a comprehensive framework for full disclosure, verification, and reconciliation of Unaccounted-for-Gas (UFG) and RLNG cost actualisation data. In its intervention request submitted to the Oil and Gas Regulatory Authority (OGRA) ahead of Sui Northern Gas Pipelines
Oil prices rose on Thursday as oversupply concerns eased, after closing at two-week lows in the prior session on weaker demand. Brent crude futures were up 17 cents, or 0.27%, to $63.69 a barrel at 0455 GMT, while US West Texas Intermediate futures were up 18 cents, or 0.3%, to $59.78. Global oil prices fell a third straight month in October on fears of oversupply as the Organization of the
Gold inched higher on Thursday as the dollar slipped from a four-month high and investors remained uncertain regarding the US economic outlook amid a government shutdown. Spot gold was up 0.1% at $3,986.23 per ounce by 0427 GMT. Bullion has fallen about 9% since hitting a record high of $4,381.21 on October 20. US gold futures for December delivery added 0.1% at $3,994.60 per ounce. “The
The Pakistani rupee registered marginal improvement against the US dollar, appreciating 0.06% during the opening hours of trading in the inter-bank market on Thursday. At 10am, the currency was hovering at 280.70, a gain of Re0.16 against the greenback. On Wednesday, the local unit closed at 280.86. Globally, the US dollar held just below multi-month highs on Thursday, with a recovery in