Finance Minister Muhammad Aurangzeb on Monday said that the additional powers granted to the Federal Bureau of Revenue (FBR) had nothing to do with income tax. The expanded enforcement powers for the FBR include the authority to block high-value financial transactions by non-filers — such as vehicle and property purchases, investment in securities and mutual funds, and opening certain prestigio
Bitcoin crossed the $120,000 level for the first time on Monday, marking a milestone for the world’s largest cryptocurrency as investors bet on long-sought policy wins for the industry this week. Bitcoin scaled a record high of $121,207.55 in the Asian session on Monday, before pulling back slightly to last trade 1.6 per cent higher at $121,015.42. Starting today, the US House of Representat
The Pakistan Stock Exchange extended its bullish momentum on Friday, with the benchmark KSE-100 index breaching yet another milestone to close at a record 134,300 — up 517 points or 0.39pc — on the back of broad-based buying and strong earnings announcements. Topline Securities attributed the gains to consistent inflows from mutual funds, as investors continue to shift from fixed-income to equ
Despite generating higher revenues, Pakistan Telecommunication Company Ltd (PTCL) — the only state-owned enterprise (SOE) managed by the private sector — continues to incur losses, raising concerns over its financial health and future strategy. According to the biannual performance report (July-December FY25) released by the Central Monitoring Unit (CMU) of the Ministry of Finance, PTCL posted
THE call for a nationwide strike on July 19 by leading trade associations against tax enforcement and compliance measures introduced in the FY26 budget highlights strong resistance from the trading class to become part of the documented economy and pay their due. The call is backed by major chambers of commerce and industry, as well as other leading trade bodies. For what it’s worth, the Federa