New Delhi, Jan 27 (IANS) Tax evasion in the real estate sector is bleeding Pakistan’s national exchequer roughly Rs 500 billion annually, illicit tobacco is costing another Rs 310 billion, and multiple consumer goods industries are operating outside the documented economy, leading to an annual revenue loss for the government of a staggering Rs 1 trillion, an article in the Pakistani media said.An article in the Karachi-based Business Recorder highlights that tax evasion and smuggling on this m…
Latest Regulatory Authorities News & Updates
New Delhi, Jan 23 (IANS) Pakistan’s National Electric Power Regulatory Authority (Nepra) has released a damning report on the performance of the country’s power sector.Nepra noted that distribution companies continued to suffer from poor governance with transmission and distribution losses exceeding allowable limits, low bill recovery and load-shedding based on Aggregate Technical and Commercial losses. Reference was also made to Debt Service Surcharge sourced to poor governance of the power…