Rs34.5b recovered after LHC lifts stay on windfall tax cases

MULTAN: Collectorate of Customs team deputed at Multan Airport intercepted a passenger arriving from Dubai and seized 10 brand-new iPhone...

Pakistan launches first PKR denominated Green Bond on PSX to drive sustainable finance

ISLAMABAD: Parwaaz Financial Services Limited (PFSL), a subsidiary of Karandaaz Pakistan, has launched Pakistan’s first-ever PKR-denominated Green Bond under the...

Karachi Enforcement foils bid to smuggle 5.6 million Tramadol tablets worth Rs2.6b to Sierra Leone

KARACHI: Collectorate of Customs Enforcement has thwarted an attempt to smuggle 5.6 million Tramadol tablets, the estimated market value of...

Over 1,100 acres of Karachi Port Trust land encroached, NA told

ISLAMABAD: The Ministry of Maritime Affairs informed the National Assembly that around 1,100 acres of Karachi Port Trust (KPT) land...

IMF agrees to 2pc cut in withholding tax on property purchases

ISLAMABAD: The International Monetary Fund (IMF) has agreed in principle to reduce the withholding tax (WHT) on property purchases by...

FBR fails to implement key recommendations by FTO

MULTAN: The Federal Board of Revenue (FBR) has failed to implement key recommendations made by the Federal Tax Ombudsman (FTO),...

SBP announces Eid-ul-Fitr holidays from March 31 to April 2

KARACHI: The State Bank of Pakistan (SBP) announced Eid-ul-Fitr holidays for the banking and financial sectors from March 31 to...

President, ICCI Kazakhstan Ambassador explore avenues for bilateral trade, investment

ISLAMABAD, Mar 20 (APP): Ambassador of Kazakhstan to Pakistan, Yerzhan Kistafin, visited the Islamabad Chamber of Commerce and Industry (ICCI)...

Acting US Ambassador, Finance Minister discuss economic cooperation

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb held a meeting with Ms. Natalie Baker, Charge d’Affaires and...

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Faysal Bank joins PSX as trading participant for GoP Ijarah Sukuk

KARACHI: The Pakistan Stock Exchange (PSX) has inducted Faysal Bank Limited (FABL) as a trading participant for proprietary trading of...

Pakistan, Denmark strengthen trade ties; APM Terminals plans green port in Karachi

ISLAMABAD: APM Terminals, a subsidiary of Maersk, is set to develop a green deep-water container terminal in Karachi under the...

DG Valuation revises customs value for import sunflower seeds vide VR No.1982/2025

KARACHI: The Directorate General of Customs Valuation, Pakistan, has issued a new ruling No. 1982/2025 to determine the customs value...

ECC approves Rs2b for media dues, allocates grants for key projects

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance and Revenue Minister Senator Muhammad Aurangzeb, has approved...

FBR revenue collection up by 26pc, NA told

ISLAMABAD: Minister of State for Railways Bilal Azhar Kayani Friday told the National Assembly (NA) that the revenue collection of...

Sargodha Customs seizes Rs80m non-custom paid cigarettes from Sial Motorway

SARGODHA: Collectorate of Customs team and Motorway police in a joint operation on Sial Motorway seized non-custom paid cigarettes worth...

Pakistan’s foreign reserves cross $16b

KARACHI: The total liquid foreign reserves of Pakistan increased to $16,015.8 million while the reserves held by the State Bank...

Profit repatriation surges 104pc to $1.55b in July-Feb FY25

ISLAMABAD: Foreign investors repatriated $1.55 billion in profits and dividends from Pakistan during the first eight months of the current...

CAT resumes hearings, dismisses appeal of dairy farmer association Karachi

ISLAMABAD: The Competition Appellate Tribunal (CAT) has resumed hearings after an eight-month hiatus and, in its first session, dismissed the...

Stock market crosses 119,000 to hit record high