FBR’s inaction raises concerns over tax accountability
MULTAN: The Federal Board of Revenue (FBR) has once again demonstrated its reluctance to enforce accountability, failing to implement the...
LHC expresses displeasure over fee exemption for filing tax references
MULTAN: The Lahore High Court (LHC) has expressed strong displeasure over the exemption granted to the Federal Board of Revenue...
IMF approves government’s plan to reduce electricity rates: sources
LAHORE: The International Monetary Fund has given the green light to the government’s plan for reducing electricity rates during discussions...
Overseas Pakistanis send $3.1b in remittances in February 2025
ISLAMABAD: Remittances sent by overseas Pakistanis reached an impressive $3.1 billion in February 2025, marking a 55% increase compared to...
MoU signed between SCCI, Enablers to promote E-commerce
PESHAWAR: A strategic Memorandum of Understanding (MoU) was signed between Sarhad Chamber of Commerce and Industry and “Enablers”, a largest...
DPM chairs meeting to review progress on accessing IMF’s Resilience & Sustainability Facility
ISLAMABAD:Deputy Prime Minister and Foreign Minister (DPM/FM), Senator Mohammad Ishaq Dar on Tuesday chaired a meeting to review progress on...
Finance Minister, UN Resident Coordinator discuss economy, development
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb and UN Resident Coordinator, Mohammed Yahya during a meeting here...
FinMin sees all-time-high $36b remittances by FY end
ISLAMABAD: Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday provided a comprehensive update on the country’s economic progress,...
Audit report reveals ADB’s $30m aid ‘misuse’
ISLAMABAD: The $30 million aid provided by the Asian Development Bank (ADB) for Pakistan’s flood victims was allegedly diverted to...
Petrol price likely to drop by Rs15 per litre
ISLAMABAD: The federal government is likely to cut the petroleum prices in upcoming second fortnightly review for March 2025 amid...
CCP issues show cause notices to steel manufacturers
ISLAMABAD: The Competition Commission of Pakistan (CCP) has issued Show Cause Notices to International Steel Limited (ISL) and Aisha Steel...
Hyderabad Customs impounds smuggled mobile phones worth Rs40m
HYDERABAD: Collectorate of Customs Enforcement conducted a raid on a mobile market in collaboration with Pakistan Rangers and Sindh Police....
Sazgar Engineering sells over 3,500 units in February
ISLAMABAD: Engineering Works Limited, a key player in the Pakistani automotive industry, reported its February 2025 production and sales figures....
Economy steered to growth path after averting bankruptcy: Khurram Schehzad
ISLAMABAD: Advisor to Finance Minister, Khurram Schehzad has said that country’s economy has successfully been prevented from bankruptcy and steered...
Junaid Anwar Chaudhry assumed office as Maritime Minister
ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has assumed charge of the Ministry of Maritime Affairs. On...
Rwanda’s high Commissioner prioritizes to boost economic and trade ties with Pakistan
ISLAMABAD: High Commissioner of Rwanda to Pakistan, Fatou Harerimana Monday said the focus of his visit to the business centres...
Complaint resolution by FTO increases by 63pc in 2024
ISLAMABAD: The complaints resolved by the Federal Tax Ombudsman (FTO) increased by 63.69 percent and were recorded at 12,914 during...
SBP pauses rate cuts, braces for inflation uptick in coming months
KARACHI: The State Bank of Pakistan (SBP) held its key policy rate at 12% on Monday, opting for stability despite...
Kenya cuts customs valuation of Pakistani rice by 25pc to boost trade
LAHORE: Kenya has lowered the customs valuation of Pakistani rice by 25%, reducing the official price from $615 to $460...
Aurangzeb reaffirms govt’s commitment to supporting insurance sector
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb here on Monday reaffirmed government’s commitment to supporting the insurance...
