The Pakistan Business Council (PBC) has expressed concern about the excessive powers granted to the Federal Board of Revenue (FBR), stating that this anti-business decision will further harm the already poor investment climate. PBC Chief Executive Officer Ehsan Malik, in a letter to Finance Minister Muhammad Aurangzeb, said the powers do not differentiate between major taxpayers and the inform
American entrepreneur Michael Saylor on Sunday lauded Pakistan’s efforts to move towards cryptocurrency and digital assets, according to a press release from the office of the State Minister on Blockchain and Crypto Bilal Bin Saqib. Pakistan is establishing itself as a key player in the global cryptocurrency economy and setting trends rather than following them in the digital currency space, sa
Trade and industry leaders on Saturday strongly criticised the federal and Sindh budgets for the upcoming fiscal year, calling them deeply disappointing and discriminatory towards Karachi, the country’s economic nerve centre. Businessmen Group (BMG) Chairman Zubair Motiwala and Karachi Chamber of Commerce and Industry (KCCI) President Jawed Bilwani expressed serious concerns over the sheer negl
A parliamentary panel on Saturday pressed senior tax officials to drop proposed provisions in the Finance Bill 2025 granting arrest and money laundering notice powers to tax commissioners, warning the move would create unnecessary obstacles for businesses. The Senate Standing Committee on Finance and Revenue, chaired by Senator Saleem Mandviwalla, convened for a second consecutive day to exami
The Finance Division on Sunday night notified hefty increases in the prices of both petrol and diesel, with the rates climbing by Rs4.80 and Rs7.95 per litre, respectively. According to a notification seen by Dawn.com, the finance division stated that the new prices had been determined “based on the recommendations of Ogra (Oil and Gas Regulatory Authority) and the relevant ministries”. From