Ismail Suttar, Chairman of the Salt Manufacturers Association of Pakistan (SMAP), has called on the Federal Board of Revenue (FBR) to grant more time for the submission of income tax returns, pointing to ongoing technical glitches on the IRIS online filing system. He noted that many taxpayers are struggling to complete and lodge their returns because of repeated problems with the portal. He hig
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a series of meetings and participated in key ministerial engagements on the sidelines of the Annual Meetings of the World Bank Group and the International Monetary Fund (IMF) in Bangkok, Thailand. The engagements focused on Pakistan’s macroeconomic stabilization, structural reforms, investment opportunities, climate financ
In its daily revision, the government on Monday notified new fuel prices for October 13. According to an official notification, the price of has been decreased by Rs2.93 to Rs395.37 per litre from Rs398.30. Whereas the price of High-Speed Diesel (HSD) has been increased by 61 paise to Rs396.85 per litre. During last seven days, the average refined petrol price has been slightly decreased to
Gold prices eased on Tuesday as the US dollar held firm, while markets focused on upcoming US inflation prints for fresh signals on the Federal Reserve’s interest-rate trajectory. Spot gold fell 0.2% to $4,164.45 per ounce by 0201 GMT after hitting a one-week peak on Monday. US gold futures for December delivery fell 0.1% at $4,187.90. The US dollar lingered near an 18-month high scaled
Oil prices fell on Tuesday and were on track for their first decline in nearly a week, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia. Brent crude futures fell $1.30, or 1.2%, to $105.35 a barrel by 0329 GMT, while US West Texas Intermediate crude futures were down $1.25, or 1.3%, at $92.49 a barrel. Both be