BREAKING NEWS

FBR Plans Crackdown on Unregistered Retailers

FBR Plans Phased Crackdown on Unregistered Retailers After Asaan Tax Scheme Draws Weak Response

The Federal Board of Revenue (FBR) is preparing a phased enforcement drive against retailers who have stayed outside the tax net, after its simplified Asaan Tax Scheme attracted far fewer shopkeepers than the government had hoped. According to sources cited by ProPakistani, the first phase would target around 6,000 unregistered retailers, with gas and electricity disconnections planned as a last...

Pakistan Explores Blockchain-Powered Remittances

Pakistan Explores Blockchain-Powered Remittances From the Gulf: What the “$1 Billion” Claim Means

Pakistan is exploring blockchain-based payment systems that its virtual assets regulator says could cut the cost of sending money home from abroad and unlock close to $1 billion in additional benefits. The proposal, outlined by Minister of State and Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal Bin Saqib, includes regulated stablecoins and a pilot for the Gulf remittance corridor,...

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