Govt acquires Rs46b Ijara Sukuk on Bai Mujjal basis
KARACHI: The State Bank of Pakistan (SBP), on Monday, held an auction to acquire Government of Pakistan Ijara Sukuk (GIS)...
World Bank to give $8.7b loan to Pakistan for development projects
ISLAMABAD: The World Bank has announced that it will provide Pakistan with $8.7 billion in loans over the next five...
Gwadar International Airport to become ‘operational’ on August 14
GWADAR: New Gwadar International Airport to become operational from August 14. A well-placed source in Civil Aviation Authority (CAA) told...
Fuel smuggling: Karachi Enforcement registers FIR against Fast Filling Station
KARACHI: Collectorate of Customs Enforcement has registered a First Information Report (FIR) against Fast Filling Station located on Hub River...
Quetta I&I torches smuggled goods worth Rs5b
QUETTA: Regional Directorate of Customs Intelligence and Investigation (I&I) has seized confiscated prohibited goods worth Rs5 billion. A solemn ceremony...
PM terms FBR Reforms vital to improve tax system
LAHORE: Prime Minister Shehbaz Sharif has said that reforms in the Federal Board of Revenue are of utmost importance to...
PM constitutes 10-member task force for FBR digitalisation
ISLAMABAD: Prime Minister Shehbaz Sharif has established a 10-member Task Force to oversee the comprehensive digitalisation of the Federal Board...
SBP’s surplus profit exceeds Rs972b in FY2024
KARACHI: The State Bank of Pakistan’s surplus profit has exceeded Rs. 972 billion in the financial year 2024, marking an...
Overseas Pakistanis invest $1.9b through Roshan Digital Account
KARACHI: During the fiscal year ending June 30, 2024, overseas Pakistanis deposited and invested a total of $1.90 billion through...
Govt likely to enhance tax on tractors
ISLAMABAD: In a move that could impact the agricultural sector, the federal government is planning to raise the sales tax...
SHC bars Customs Appellate Tribunal from taking action against Collector SAPT
KARACHI: Sindh High Court, custom appellate bench barred Custom Appellate Tribunal (CAT) from taking action against Collector of Customs South...
Trade halted as Pakistan enforces visa rule for Afghan truck drivers
PESHAWAR: Pakistani customs authorities on Friday started enforcing a visa requirement for Afghan cargo truck drivers to enter Pakistan. According...
PSDF, GIZ sign contract for OJTCs in textile industry
LAHORE: Punjab Skills Development Fund (PSDF) and the German Agency for International Cooperation (GIZ) signed a contract for establishing, enhancing,...
Envoy-designate sees US as ‘most attractive’ destination for Pakistani products
ISLAMABAD: Pakistan’s ambassador-designate to the United States Rizwan Saeed Sheikh has said that America was the ‘most attractive’ market for...
Cabinet approves signing of MoU to enhance trade cooperation with China
ISLAMABAD: The Federal Cabinet, chaired by Prime Minister Shehbaz Sharif approved the signing of a Memorandum of Understanding (MoU) on...
PM directs early construction of Jinnah Medical Complex
ISLAMABAD: Prime Minister Shehbaz Sharif has said that measures should be ensured for early construction of Jinnah Medical Complex. While...
Govt likely to provide income tax relief to salaried class
ISLAMABAD: In a move to ease the financial burden, the Government of Pakistan is considering to provide income tax relief...
Are 24 SOEs going to be under the hammer?
ISLAMABAD: Deputy Prime Minister Ishaq Dar presided over the meeting of the Cabinet Committee on Privatisation (CCOP) to discuss the...
FBR Chairman administers oath to IRSOA office bearers
ISLAMABAD: Chairman Federal Board of Revenue (FBR) Malik Amjed Zubair Tiwana took oath from the newly elected office bearers of...
Pakistan Cotton Ginners seek relief from excessive taxation
MULTAN: In a significant development, a delegation from the Pakistan Cotton Ginners Association (PCGA), headed by Chairman Chaudhry Waheed Arshad,...
