Petroleum Division has announced a bidding round of 14 new blocks covering 24000 square kilometers (sq-km) for exploration of oil and gas, tweeted the Minister of Energy, Hammad Azhar.The petroleum division hopes to tap a resource potential of 15 Trill…

Punjab Information Technology Board (PITB) and Sweden based Nutty Ventures AB have signed an MoU, committing to providing increased exposure to Pakistani startups in Sweden, creating tailor-based coaching opportunities for Pakistani startups, strengthe…

The Islamabad Chamber of Commerce and Industry (ICCI) has shown serious concern over the Finance (Supplementary) Bill 2021 tabled in the national assembly on Thursday.A media release issued by the chamber said that the approval of the bill would hit th…

The Pakistani Rupee (PKR) has bid farewell to 2021 by posting big gains against the US Dollar (USD) in the interbank market today. It appreciated Rs. 1 against the greenback after hitting an intra-day high of Rs. 176.45 against the latter during today’…

The Sensitive Price Indicator (SPI) for the week ended December 30, 2021, recorded a decrease of 0.50 percent, says the Pakistan Bureau of Statistics (PBS).The decline in SPI was due to a decrease in the prices of tomatoes (30.92 percent), potatoes (7….

The cabinet committee on privatization (CCoP) has decided to remove Mari Petroleum Company Limited from the list of privatization after a detailed deliberation on a proposal seeking divestment of the government’s shares in the firm.Federal Minister for…

Chairman Federal Board of Revenue (FBR), Dr. Muhammad Ashfaq Ahmed, said on Friday that certain media reports misinterpreted various tax issues as many taxes which were reportedly imposed were in fact not levied.Addressing a press conference, the Chair…

Afghanistan Revenue Department (ARD) and Federal Board of Revenue (FBR) concluded the second round of negotiations on the Double Taxation Agreement (DTA) between Pakistan and Afghanistan.The four-member delegation of the Afghanistan Revenue Department …

More than two-thirds of the $1.7 billion increase in textile exports from July to November 2021 is due to an increase in global prices. In other words, had international prices remained the same from last year, the dollar value of textile exports would…