High-value diamonds worth Rs18m seized at Lahore Airport

KARACHI: The State Bank of Pakistan (SBP) witnessed a surge in the foreign exchange reserves with a reported increase of...

IT sector key to economic growth: Finance Minister

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb here on Friday underscored the IT sector’s critical role as...

PM directs further reduction of power tariff, stresses prioritizing low-cost power projects

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Friday directed the relevant authorities to further reduce power tariffs and expedite the...

Customs AIIA thwarts smuggling attempt, seize mobile phones worth Rs14.5m

LAHORE: In yet another crackdown on smugglers, the Customs officers deputed at Allama Iqbal International Airport (AIIA) successfully intercepted a...

World Bank cancels $500m loan to Pakistan

ISLAMABAD: The World Bank has cancelled over $500 million in budget support loans to Pakistan after Islamabad failed to meet...

Pakistan raises record Rs8.4b in 2024 through 7 IPO’s

ISLAMABAD: The Pakistan Stock Exchange (PSX) recorded its best year for Initial Public Offerings (IPOs) since 2021, raising Rs8.4 billion...

PM Shehbaz forms investigation team for sales tax evasion

ISLAMABAD: Prime Minister Shehbaz Sharif has taken decisive action against sales tax fraud by forming a high-powered joint inquiry team...

FBR’s customs reforms aim to streamline operations, curb smuggling

MULTAN: The Federal Board of Revenue (FBR) has introduced significant reforms in the Customs Department, aimed at reducing inefficiencies, combating...

PIA hoping to resume UK flights early in 2025

ISLAMABAD: Pakistan is optimistic about securing approval from British aviation authorities to resume direct flights to the UK by the...

Vehicle registrations of tax defaulters to be cancelled

LAHORE: The Excise and Taxation Department has announced strict measures against vehicle owners who have defaulted on token tax payments....

ICCI hosts academia linkages conference

ISLAMABAD: Industry-academia-government collaboration is crucial to overcoming the economic challenges facing the country. This consensus was developed at the ‘Industry-Academia...

Multan RTO committed to streamline tax collection process: Additional Commissioner Bilal Ahmad

MULTAN: Paying taxes is a fundamental civic responsibility, one that directly contributes to the nation's economic development. Tax payments play...

Islamic finance, capital markets road to macroeconomic stability: Finance Minister

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb said on Thursday that Islamic finance and Islamic capital markets...

SIFC body directs to fast track ongoing consultant support in various sectors

ISLAMABAD: The Special Investment Facilitation Council (SIFC) convened the 11th meeting of its Executive Committee said that gave directions to...

President Zardari for greater Chinese investment in Pakistan

KARACHI: President Asif Ali Zardari has called for greater Chinese investment in diverse sectors of Pakistan’s economy to boost economic...

FBR directs banks to remain open on Saturdays for duty, tax collection

ISLAMABAD: The Federal Board of Revenue (FBR) has instructed Chief Collectors of Customs to coordinate with the State Bank of...

Karachi Enforcement impounds 4 NCP vehicles from Bahria Town