Islamabad opens first weekly &#8216;cashless&#8217; market to push digital payments, curb tax evasion

ISLAMABAD: A significant reduction in the prices of petroleum products is expected from December 1. Petroleum product prices may be reduced...

Govt committed to building inclusive capital markets: Aurangzeb

ISLAMABAD: The inaugural meeting of the Capital Market Development Council (CMDC) was held on Friday under the chairmanship of Finance...

FBR outlines plan to lift tax-to-GDP ratio to 18pc by FY28 through wider tax base

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Mehmood Langrial said that the government has drawn up a roadmap to...

Gadani Customs foils bid to smuggle narcotics worth Rs552.44m

GADANI: Pakistan Customs Gadani has successfully thwarted a major narcotics smuggling attempt recovering 188kg of hashish with an estimated market...

Pakistan fulfills IMF condition as FBR orders asset disclosure of Grade-17 & above officers

ISLAMABAD: The federal government has fulfilled another major condition of the International Monetary Fund (IMF) as the Federal Board of Revenue...

Pakistan’s foreign exchange reserves dip by $132 million

KARACHI: Pakistan’s foreign exchange reserves took a hit this week, dropping by $132 million, according to fresh data released by the...

Pakistan, Bahrain to form teams for finance, commerce collaboration

MANAMA: Pakistan and Bahrain decided to establish joint teams of relevant officials to chalk out a road map for future collaboration...

Pakistan raises ethanol, basmati GI concerns with EU, reiterates strong GSP+ commitment

ISLAMABAD: Pakistan reiterated its strong commitment to the EU’s GSP+ scheme as Federal Minister for Commerce Jam Kamal Khan met with...

10 Punjab sugar mills issued show-cause notices for ‘forming cartel’

LAHORE: The Competition Commission of Pakistan (CCP) has issued show-cause notices to 10 sugar mills in Punjab for allegedly forming...

Pakistan launches public-private genomics venture to revolutionize food security

ISLAMABAD: In a historic step toward advancing Pakistan’s scientific and technological capabilities, the Federal Minister for National Food Security and...

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EPEC delegation explores trade & investment collaboration

ISLAMABAD: A thirteen-member delegation of the Europe Pakistan Economic Corridor (EPEC), led by its Founder and CEO Dr. Abdul Hafeez...

Aurangzeb signals shift toward stable, sustainable economic growth

ISLAMABAD: Finance Minister Muhammad Aurangzeb has outlined a major shift in Pakistan’s economic strategy, moving away from the historically volatile...

PRA to set up separate Commissionerate in Lahore for large taxpayers

LAHORE: The 129th meeting of Punjab Revenue Authority (PRA) chaired by its Chairman Moazzam Iqbal Sipra reviewed recommendations for establishing a...

IMF board to review Pakistan programme on Dec 8

KARACHI: The IMF Executive Board will meet on Dec. 8, according to an official calendar, to consider and approve a...

Pakistan aims to lift Bahrain trade to $1b in three years, PM tells crown prince

ISLAMABAD: Pakistani Prime Minister Shehbaz Sharif has proposed raising bilateral trade with Bahrain from over $550 million to $1 billion...

Pakistan Customs foils major smuggling attempt worth Rs157.7m at Sost Dry Port

GILGIT-BALTISTAN: Pakistan Customs has foiled a major attempt to smuggle mobile phones, weapon parts, alcohol and pork meat valued worth approximately...

Pakistan expects financial close for Reko Diq project within two weeks

ISLAMABAD: Pakistan and its partners are expected to achieve financial close for the $3.5 billion Reko Diq copper and gold...

PM Shehbaz directs to freeze two-year increment of IRS officer of BS-20 over inefficiency

ISLAMABAD: Prime Minister Shehbaz Sharif has approved a disciplinary penalty against a senior BS-20 Inland Revenue Service (IRS) officer after...

Pakistan consumes up to 90,000 kgs of gold annually, says CCP study