PTA seeks immediate withdrawal of SRO 1735 due to Rs40b loss

ISLAMABAD: Kuwait has extended oil credit facility for Pakistan for another two years. This was conveyed by Kuwait’s Ambassador to...

Pakistan ‘links’ tax relief for salaried class with IMF’s consent

ISLAMABAD: Pakistan has ‘linked’ tax relief for the salaried class with the consent of the International Monetary Fund (IMF) in...

Govt increases petroleum levy instead of offering relief

ISLAMABAD: The government has increased the petroleum levy on petrol and diesel instead of lowering prices. According to official sources,...

FBR provides Rs1.65b in tax relief on retirement gratuities

ISLAMABAD: The Federal Board of Revenue (FBR) has announced income tax exemptions totaling Rs 1.65 billion on gratuity payments made...

Govt abolishes 3pc FED on property sale

ISLAMABAD: The government has decided to immediately abolish the 3% federal excise duty (FED) being charged on the first sale...

Two-day consultative workshop on salt mining concludes

LAHORE: A two-day consultative workshop on salt mining titled ‘Safe and Productive Mining’ concluded here on Wednesday, sensitizing participants on...

BOI complete 100 reforms under PRMI for improving regulatory framework

ISLAMABAD: The Board of Investment (BOI) has completed 100 reforms out of the 168 proposed reforms under Regulatory Reforms and...

Upgraded Fitch rating reflects world confidence in Pakistan’s economy: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday welcomed the upgradation of economic rating of Pakistan by global credit rating agency...

K2 Airways, Chinese firm ink accord for Karachi-Kashgar cargo flights

KARACHI: Taking another step forward to strengthen trade relations between Pakistan and China, K2 Airways and a Chinese state-owned Development...

IMF identifies governance flaws in Pakistan, calls for reforms to tackle corruption

LAHORE: The International Monetary Fund (IMF) has highlighted several key governance challenges in Pakistan, noting that the country’s civil service...

Balochistan govt pushes for formal recognition of Gadani ship-breaking industry

QUETTA: Zahoor Buledi, the Senior Minister for Planning and Development in Balochistan, has announced that the provincial government will soon...

FBR directs field formations to submit vacancy details by April 18

ISLAMABAD: The Federal Board of Revenue (FBR) has reiterated its directive to all concerned field formations to urgently submit details...

SBP launches ‘Pakistan Financial Literacy Week’

KARACHI: The State Bank of Pakistan (SBP) on Tuesday officially inaugurated Pakistan Financial Literacy Week (PFLW) 2025, a nationwide initiative...

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ICCI stresses need for international-level skill centers to combat poverty, unemployment

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) on Tuesday emphasized the critical need to impart market-driven training to youth...

Fitch upgrades Pakistan to ‘B-‘; outlook stable

HONG KONG: Fitch Ratings has upgraded Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B-' from 'CCC+'. The Outlook is...

Tribal areas receive Rs14b electricity tax relief: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has reported that consumers in the tribal areas benefited from a significant tax...

Minister Kayani, IFC discuss key steps to modernise Pakistan Railways