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...
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ICCI Fears New Wave of Inflation After Mini Budget
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...
Read More »Pakistan & Afghanistan Conclude Second Round of Negotiations on Double Taxation
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 ...
Read More »PITB and Sweden-Based Nutty Ventures Sign MoU for Promotion of Local Startups
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...
Read More »ECC Approves Re-Rolling of $142 Million Loan for Roosevelt Hotel
The Economic Coordination Committee (ECC) of the cabinet on Friday approved the re-rolling of a $142 million loan for Roosevelt Hotel, New York.Finance Minister Shaukat Tarin presided over the meeting, which discussed a number of summaries, including t...
Read More »Govt Decides Against Privatizing Mari Petroleum Company
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...
Read More »Taxes Worth Only Rs. 2 Billion to be Imposed on the Common Man in New Finance Bill
A Special Cabinet meeting was convened on 30 December 2021 to discuss and approve the Finance (Supplementary) Bill, 2021. Chairman Federal Board of Revenue (FBR) explained the salient features of the Bill. In his presentation, he emphasized the importa...
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