Pakistan to export manpower to Middle East, including Saudi Arabia

Overseas Employment Corporation shares plans to send medical professionals, construction sector ISLAMABAD: Overseas Employment Corporation (OEC), an attached department of the Ministry of Overseas Pakistanis and Human Resource Development (OP&HRD), is set to export skilled and unskilled manpower, including medical professionals, to the Kingdom of Saudi Arabia and the Kingdom of Bahrain.  An official source […]

Anti-corruption watchdog makes historic recovery of over $13bn in one year: NAB chief

NAB Karachi, Sukkur regions saved Rs2.4 trillion and Rs1.1 trillion, respectively, says Nazir AhmedThe top accountability watchdog has set a historic record by recovering Rs3.8 trillion or $13.57 billion in just one year, National Accountability Bureau (NAB) Chairman Lieutenant General (retd) Nazir Ahmed said on Monday.   Addressing the special event held in connection with Anti-Corruption […]

UAE to impose 15% minimum top-up tax on large multinationals from January

Finance ministry says DMTT will apply to companies with consolidated global revenue of 750 million eurosDUBAI: The United Arab Emirates will impose a minimum top-up tax (DMTT) of 15% on large multinational companies operating in the country starting in January, the finance ministry said on Monday as the government seeks to boost non-oil revenue. The […]

Passengers barred from bringing items in ‘commercial quantity’ from abroad

Goods brought from abroad would be considered for commercial use if they are worth more than $1,200The Federal Board of Revenue (FBR) on Monday imposed a complete ban on passengers bringing goods from other countries to Pakistan in “commercial quantity”.  The tax collecting authority issued a notification regarding an amendment to the Baggage Rules 2006.  […]

FBR withdraws restrictions on bringing multiple mobile phones

Revenue board retracts baggage rule amendments following chairman’s interventionISLAMABAD: The Federal Board of Revenue (FBR) has retracted its earlier notification proposing restrictions on passengers bringing more than one mobile phone from abroad. The decision came after directives from the FBR Chairman Rashid Mahmood Langrial, who ordered an immediate halt to the implementation of amendments to […]