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FCCI Head Urges Meeting with Commerce Minister
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The President of the Faisalabad Chamber of Commerce and Industry (FCCI), Rehan Naseem Bharara, met with Federal Minister for Commerce Jam Kamal Khan on Thursday to address critical challenges facing businesses and identify opportunities for improving trade processes. During their discussion, Bharara emphasized the necessity of extensive changes within the Federal Board of Revenue…
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Finance Division Allocates ₹921B IBC for Upcoming Development Program: International Edition
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The Finance Division has set an indicative budget ceiling (IBC) of Rs921 billion for the upcoming fiscal year’s federal development program, stated Federal Minister for Planning Ahsan Iqbal. He also disclosed that the federal budget for FY2025-26 will be unveiled on June 2, 2025. “We have requested an Investment Budget Commitment (IBC) of Rs2.9…
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SECP Enrolls Nearly 3,000 Firms in April: International Edition (English)
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As reported by SECP, corporate growth hastens with an addition of 2,956 new firms to the corporate sector in April 2025. This brings the nationwide tally of registered entities up to 252,321, indicating rising faith in Pakistan’s business environment. Approximately 99.9% of new company registrations are currently handled through digital processes, indicating further progress…
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Govt Unlikely to Meet Petroleum Levy Collection Target of $128.1B in International Edition
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It is unlikely that the federal government will achieve the Petroleum Levy collection target of Rs1281 billion set for the ongoing fiscal year, despite a steep increase of 30 percent in Petroleum Levy on petrol and high speed diesel during the past less than two months. During the initial nine-month period (from July to…
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Tax Officials Seal Electronics Store Over Point-of-Sale Violation
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While conducting a continuous operation aimed at enforcing Point-of-Sale (PoS) compliance, the Regional Tax Office-1 sealed an electronic goods shop located on Abdullah Haroon Road in Karachi on Thursday. According to officials, this decision came after discovering that the sales receipts generated by the establishment had not been synchronized with FBR’s PoS billing framework.…
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Sindh Cracks Down on Restaurants Evading Taxes by Refusing Card Payments
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The Sindh government has resolved to implement stringent measures against eateries, shopping centers, cafes, and biryani outlets that decline to accept debit/credit card transactions from customers. To enforce this, the Sindh Consumer Protection Authority within the Bureau of Supply Prices has initiated actions by serving warnings to notable restaurants in Clifton such as Karachi…
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NEPC and NBS Ink Pact for Enhanced Data Capture
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The Nigerian Export Promotion Council (NEPC) and the Nigerian Bureau of Statistics (NBS) have entered into an agreement through a Memorandum of Understanding (MoU) aimed at streamlining data gathering related to Informal Cross Border Trade. At the signing ceremony conducted in Abuja, Nigeria’s capital city, Nonye Ayeni, who serves as the executive director and…
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Revenue Reset: GRA Boosts Efforts to Enhance Tax Collection and Compliance
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The Ghana Revenue Authority (GRA) is intensifying its initiatives to improve tax collection and boost adherence to regulations, which supports the government’s larger plan to revitalize the country’s economy. Following this, Acting Commissioner-General Anthony Kwasi Sarpong has presented a detailed plan aimed at expanding the tax base, targeting a substantial revenue collection of GH¢200…
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Lagos Targets 39 Structures for Demolition: Eviction Notices Issued
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The Lagos State Government has identified at least 39 structures situated within two upscale neighborhoods for teardown due to Right of Way requirements along the Ikota Riverbank in the Eti-OsaLocalGovernmentArea. The Ikota area falls under theMarokoOkunAlfaward,intheLekkisectorofthecity. This follows the issuance of indefinite eviction notices by the state government to those impacted, allowing them time…
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Kenya’s Auditor Unveils $448M Missing from eCitizen Platform
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The Auditor General, Nancy Gathungu, revealed that approximately KSh 100.8 billion was gathered through the eCitizen portal during the fiscal year of 2023/2024. Gathungu bemoaned the government’s lack of complete control over the system and its heavy reliance on a vendor She highlighted a balance of KSh 7.1 billion held across nine USD accounts…