Breaking News

FBR exempts certain POS-compliant footwear supplies from retail price tax

Tax backlog hits 68,000 despite 24 private members inducted on monthly salaries of up to Rs2.6m; review panel formed

Bahrain pulls $30m from Pakistan bonds as Gulf war weighs on foreign investment

Aurangzeb reviews digital overhaul of FBR through Faceless Centre

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Pakistan’s gas sector faces Rs2,897b circular debt

ISLAMABAD: Despite recent increases in gas prices, the circular debt in Pakistan's gas sector has reached Rs2,897 billion, according to...

ICMAP identifies negative impact of 2024-25 budget on exports

MULTAN: The Institute of Cost and Management Accountants of Pakistan (ICMAP) has identified an overall negative impact of the 2024-25...

Pakistan’s foreign exchange reserves stand at US$14.7b

KARACHI: Pakistan’s total liquid foreign reserves stood at US$14.7 billion as of 12th July. The central bank in a statement...

CDNS sets target of Rs1650b for FY2024-25

KARACHI: The Central Directorate of National Savings (CDNS) has set an annual target of Rs1650 billion for the current Fiscal...

Rs800b tax refund fraud detected in four months: PM Shehbaz

ISLAMABAD: Prime Minister Shehbaz Sharif instructed that the number of Appellate Tribunals be increased to 100 to expedite the resolution...

PM directs FBR to gird up loins for revenue generation

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif directed Federal Bureau of Revenue (FBR) authorities to tighten their belts and serve the...

Pakistan, Romania sign agreement to boost bilateral trade

ISLAMABAD: Pakistan and Romania have signed a memorandum of understanding (MoU) to strengthen bilateral trade and economic cooperation. The MoU...

Finance minister reaffirms commitment to export-led growth

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb reaffirmed the government’s commitment to foster export-led growth and providing...

ADB predicts hike in Pakistan’s inflation

ISLAMABAD: The Asian Development Bank has released its Asian Development Outlook report, which predicts a 7 percent decrease in Pakistan’s...

Barrick Gold Corp starts hiring process for Reko Diq

ISLAMABAD: Barrick Gold Corporation has started hiring for Balochistan’s Reko Diq copper-gold project after successfully deploying ExoSphere technology. The company...

Provinces to broaden sales tax scope by adding more services

RAWALPINDI: In accordance with an International Monetary Fund (IMF) agreement for a new $7 billion credit line, Pakistan’s provinces have...

FTO directs FBR to conduct detailed WHT audit of commerial banks

LAHORE: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to conduct a detailed withholding tax...

FPCCI calls for reviewing IPPs contracts

KARACHI: Pakistan Federation of Chambers of Commerce and Industry (FPCCI) acting president Saqib Fayyaz Magu has said capacity charges have...

IMF programme to boost Pakistan external financing: Moody’s

NEW YORK: Moody’s – one of the top international rating agencies – has said the new deal reached with the...

Political turmoil could derail Pakistan’s economic recovery, warns Fitch