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FBR sees encouraging response of construction industry package

Our Special Correspondent Lahore: Federal Board of Revenue has stated that the response of builders, developers and taxpayers on the construction industry package announced by the Government is very encouraging. So far, 40 projects have already been registered with the FBR, whereas 4812 projects have prepared drafts for registration in…
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FBR surpasses Rs4 trillion mark in 2019-20

Our Special Correpondent LAHORE: The gross revenue collected in the FY ‪2018-19‬ was 3895 billion which has surpassed 4 trillion in FY ‪2019-20‬ for the first time in the history making the total gross revenue as 4123 billion, Federal Board of Revenue (FBR) has released the information of collected revenue in FY-‪2019-20‬. According to the…
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PEC to approve bio medical equipments designs

Our Special Correspondent Lahore: The Health Department has notified Pakistan Engeenring Congress (PEC) to approve bio medical equipments. In the background of COVID-19 emergency, electro medical equipments have been certified and the Health Department has issued a notification in this regard. Drug Registration Authority of (DRAP) will…
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Bank of Punjab announces 21.5% YoY decline in 1Q profit

Our Special Correspondent LAHORE: Bank of Punjab (BOP) has unveiled its financial results for the 1st quarter ended March 31, 2020, wherein the net profits of the bank have declined by 21.5% YoY to clock in at Rs 1.49 billion against net profits of Rs 1.89 billion of the corresponding period of last year. This has translated into earnings…
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