FBR imposes 25pc sales tax on motor vehicles
ISLAMABAD: In a move to generate revenue and discourage the use of non-essential and luxury items, the Federal Board of...
Banks to remain closed on 1st Ramadan for Zakat deduction
KARACHI: The State Bank of Pakistan (SBP) announced on Friday that it will observe a bank holiday on the 1st...
Mobile banking transactions up over 450pc in FY 2022-23
LAHORE: Mobile banking transactions in Pakistan have experienced a significant surge, reaching Rs. 15 billion in the fiscal year 2022-23,...
MoEA hosts international banking courses
ISLAMABAD: The Ministry of Economic Affairs (MoEA) hosted the International Commercial Banking Course and the International Central Banking Course, alongside...
Workers’ remittances record $2.2b inflow in February 2024: SBP
KARACHI: The overseas workers’ remittances recorded an inflow of US$2.2 billion during February 2024, the State Bank of Pakistan (SBP)...
RCCI inks MoU with NAVTTC
RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) has signed a memorandum of understanding (MOU) with National Vocational and...
Short-term inflation rises 1.11pc driven by higher food prices
ISLAMABAD: The Sensitive Price Indicator (SPI) reported a modest weekly increase of 1.11% in short-term inflation for the week ended...
APBUMA lauds economic policies of Prime Minister Shehbaz Sharif
MULTAN: The All Pakistan Bedsheet and Upholstery Manufacturers Association (APBUMA) has welcomed the newly elected Prime Minister Muhammad Shehbaz Sharif's...
FBR declines to reduce GST on locally assembled cars
LAHORE: Federal Board of Revenue (FBR) has declined a proposal put forth by the Ministry of Industries, prompting to reduce...
Consortium to invest $300m to secure gas supply for urea production
ISLAMABAD: A consortium comprising Engro Fertilisers Ltd (EFL), Fatima Fertilisers, and Fauji Fertilisers has announced a significant investment exceeding $300...
PTBA express concerns on Active Taxpayers List 2023
KARACHI: The Pakistan Tax Bar Association (PTBA) has voiced apprehensions and raised concerns over the recently released Active Taxpayers List...
DG Customs Valuation Mirza Mubashir Baig for streamlining processes
KARACHI: Director General (DG) Customs Valuation Karachi, Mirza Mubashir Baig, has said that Customs is addressing issues holistically, employing technology...
Pakistan gears up for IMF mission arrival to finalise Stand-By Arrangement
ISLAMABAD: The International Monetary Fund (IMF) while prioritizing finalizing a crucial $3 billion Stand-By Arrangement Program with Pakistan, indicated that...
Pakistan’s total liquid foreign reserves reach $ 13.02b: SBP
KARACHI: The total liquid foreign reserves of Pakistan stood at US$ 13,020 million while foreign reserves held by State Bank...
Moody’s changes outlook on Pakistan banking system from negative to stable
KARACHI: Pakistan banking sector has witnessed a positive development as US-based global ratings agency, Moody’s Investor Service, upgraded its outlook...
IMF seeks timeframe of unveiling retailers’ scheme from FBR
ISLAMABAD: The International Monetary Fund (IMF) has asked the Federal Board of Revenue (FBR) for the exact timeframe for unveiling...
Ramadan 2024: Govt fixes Rs135,179 as minimum Zakat Nisab
ISLAMABAD: The government in continuation of its efforts to facilitate Zakat collection and distribution in accordance with Islamic principles has...
ICCI hosts business opportunities conference in Dubai
ISLAMABAD: The Dubai Business Conference, organised by the Islamabad Chamber of Commerce and Industry (ICCI), attracted a significant turnout, with...
FTO committed to improve business friendly environment in Pakistan
MULTAN: Federal Tax Ombudsman Dr. Asif Mahmood Jah has said that Federal Tax Ombudsman Office (FTO) was committed to facilitate...
Govt issues financial sector cyber security advisory as threats rise
ISLAMABAD: The Government of Pakistan has issued a cyber-security advisory titled “Pakistan’s Digital Blackout — Fake Propaganda and Response Initiative...
