Pakistan’s internet firewall could cost economy $300m, association says
KARACHI: Pakistan's economy could lose up to $300 million due to internet disruptions caused by imposition of a national firewall,...
SBP enhances clean lending limit for SME’s to Rs10m
KARACHI: The State Bank of Pakistan (SBP), in order to facilitate Small and Medium-sized Enterprise (SME) sector’s access to finance...
Pakistan’s internet firewall could cost economy $300m, association says
KARACHI: Pakistan's economy could lose up to $300 million due to internet disruptions caused by imposition of a national firewall,...
FBR notifies new procedure for sales tax registration
ISLAMABAD: In a move aimed at simplifying tax compliance, the Federal Board of Revenue (FBR) has introduced a streamlined procedure...
Customs Enforcement foils bid to smuggle hashish worth Rs12m to Karachi
KARACHI: Collectorate of Customs Enforcement thwarted an attempt to smuggle huge quantity of hashish from Balochistan to Karachi. The total...
Punjab imposes hefty new tax on salaries
LAHORE: The Punjab government has introduced a professional tax by amending the Punjab Finance Act of 1977, sparking concerns among...
ICCI tourism summit in Skardu wins accolades from diplomatic community
ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) is playing a vital role in promoting Pakistan’s tourism potential and the...
Pakistan’s foreign exchange reserves stand at $14.64b
KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by US$ 119 million to US$...
FBR ‘imposes’ turnover tax on utility stores subsidy
ISLAMABAD: The Federal Board of Revenue (FBR) has imposed a 1.25 percent turnover tax on the subsidy provided to utility...
Options International deposits Rs6m penalty into national treasury
ISLAMABAD: Following the Supreme Court of Pakistan dismissed its appeal, M/s Options International deposited Rs6 million penalty under Section 40(8)...
ECC okays continuation of PM Relief Package
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved continuation of the Prime Minister’s Relief Package for the fiscal...
SIFC pushes SBP, FBR to curb grey currency market
LAHORE: The Special Investment Facilitation Council (SIFC) has directed the State Bank of Pakistan (SBP) and the Federal Board of...
Khuzdar Customs seizes 51,300 liters of smuggled Iranian fuel on Hub bypass
KHUZDAR: Collectorate of Customs in coordination with local police, Frontier Corps, Levies, Coast Guard and Military Intelligence (MI) has seized...
Customs Enforcement recovers smuggled auto parts worth Rs20m from Saddar
KARACHI: Collectorate of Customs Enforcement recovered over 30 tons of smuggled auto parts from various ground-floor godowns at Arrows Auto...
Pakistan witnesses 17pc rise in companies joining Dubai Chamber of Commerce in 2024
ISLAMABAD: Pakistan saw a significant increase in the number of its companies joining the Dubai Chamber of Commerce in the...
Gilgit-Baltistan to tax imported goods
GILGIT BALTISTAN: The Collector of the Gilgit-Baltistan Customs has urged the Federal Board of Revenue (FBR) to strengthen enforcement measures...
OGDCL announces major Gas discovery at Mari East Block in Rahim Yar Khan
ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest petroleum exploration and production company announced a major gas discovery...
Govt committed to achieve end-to-end digitization of FBR
ISLAMABAD: The first meeting of the Task Force on Digitalization of Federal Board Revenue was chaired by Minister of State...
KMC to impose additional municipal taxes on electricity bills in Karachi
KARACHI: The Karachi Metropolitan Corporation (KMC) has announced the implementation of a new municipal tax that will be applied to...
SAB allows export of sugar to Tajikistan
ISLAMABAD: The Sugar Advisory Board (SAB) has approved the export of up to 40,000 tons of sugar to Tajikistan on...
