All Pakistan Textile Mills Association (APTMA) has urged the FBR to adjust the Super Tax liability following the recent decision of the Federal Constitutional Court against outstanding Sales Tax, Income Tax and other refunds pending for payment by the government to manufacturers and exporters for years. APTMA Chairman Kamran Arshad said that the industry, especially the export-oriented textile
All Pakistan Paper Merchants Association (APPMA) has accused shipping lines, agents, and freight forwarders of imposing multiple illegal charges on importers while criticizing the Federal Board of Revenue (FBR) for failing to take action against these practices. In a letter to Daily Business Recorder, Muhammad Anis, Senior Vice Chairman, APPMA, outlined what he described as exploitative practic
The Wafi Energy Pakistan Ltd has signalled plans to invest up to USD100 million over the next two to three years to expand its retail and storage network, while urging the government to ensure a clear and predictable fiscal framework to boost investor confidence. Federal Minister for Finance and Revenue Muhammad Aurangzeb on Monday reaffirmed the government’s commitment to sustaining macroecono
Gold rose more than 3% on Tuesday, rebounding from a near one-month low hit in the previous session, as market participants braced for an absence of key economic data this week due to a partial U.S. government shutdown. Fundamentals; Spot gold climbed 3.7% to $4,837.16 per ounce by 0120 GMT, after touching a near one-month low in the previous session. Bullion scaled a record high of $5,594.82 o
Oil prices held steady on Tuesday as market participants weighed the possibility of a de-escalation in U.S.-Iran tensions, with a firmer dollar limiting the upside. Brent crude futures were up 6 cents, or 0.1%, at $66.36 per barrel at 0102 GMT. U.S. West Texas Intermediate crude was at $62.24 per barrel, up 0.2%. Oil prices fell more than 4% on Monday after U.S. President Donald Trump said I