Collector Appeals empowered to halt recovery process for 30 days

KARACHI: Pakistan has announced a significant reduction in profit rates on key saving certificates, effective from Friday, January 26, 2024....

LHC dismisses M/s Kashf Foundation’s appeal regarding NPO status

LAHORE: The Lahore High Court (LHC) has rejected an appeal filed by the Chief Executive of Kashf Foundation against the...

Petroleum prices likely to increase in next review

KARACHI: Industry officials have alerted citizens to brace for an increase in petrol and high-speed diesel (HSD) prices in the...

Norway wants to further enhance business relations with Pakistan

ISLAMABAD: A delegation of the Islamabad Chamber of Commerce and Industry (ICCI) led by President Ahsan Zafar Bakhtawari visited the...

SIFC urges stakeholders to fast-track initiatives for investor-friendly environment

ISLAMABAD: The Special Investment Facilitation Council (SIFC) has directed the stakeholders to expedite various initiatives for providing a comprehensive enabling...

Pakistan’s foreign reserves stands at US$ 13,341.4m

KARACHI: Pakistan’s total liquid foreign reserves stood at $13,341.4 million as of January 19, 2024, as reported by the State...

Pakistan ‘seeks’ rollover of $2b loan from China

ISLAMABAD: Pakistan has ‘sought’ rollover of $2 billion loan from China, as the term for safe deposit is expiring on...

MoF implements stricter fiscal controls amid financial autonomy claims

ISLAMABAD: The Ministry of Finance (MoF) has tightened fiscal controls to limit budgetary slippages ahead of a quarterly review with...

CAA upgrades airport luggage screening

MULTAN: The Civil Aviation Authority (CAA) is to install the latest luggage-checking machines at airports in Pakistan ahead of Hajj...

FBR finalises scheme to ‘tax 3.5mln retailers

’ISLAMABAD: In its efforts to broaden the tax net, the Federal Board of Revenue (FBR) has finalized a scheme to...

FTO directs FBR to give KP school principals maximum income tax rebate

LAHORE: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to give maximum income tax rebate...

Pakistan-Qatar agreements to ‘boost’ job prospects

DOHA: Strengthening the bilateral ties and expanding job frontiers, Islamabad and Doha have signed key agreements to enhance employment opportunities...

Pakistan to remain dependent on IMF for next few years: Fitch Ratings

ISLAMABAD: Fitch Ratings, an American credit rating agency, maintained that Pakistan will remain dependent on the successful International Monetary Fund...

Caretaker PM for effective strategy to reduce energy sector’s circular debt

ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar directed the Energy Ministry to formulate an effective and durable strategy to reduce...

Non-duty paid diesel theft busted in groundbreaking operation

KARACHI: A team of the Regional Directorate of Customs Intelligence & Investigation (I&I) has busted the theft of non-duty paid...

Pakistan’s food company establishes manufacturing facility in UAE

KARACHI: Pakistani food company, National Foods, has established its first overseas manufacturing facility in Sharjah, United Arab Emirates (UAE), to...

Karachi & Tehran Chambers support de-escalation efforts

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) and the Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA)...

Govt constitutes committee for swift FBR restructuring

ISLAMABAD: The federal cabinet established an inter-ministerial committee with the mandate to finalize recommendations for restructuring the Federal Board of...

SBP to announce monetary policy on January 29