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ISLAMABAD: Japan on Wednesday announced a grant of $3.62 million for the polio eradication programme in Pakistan and procurement of...

Pakistan receives $700m loan from IMF

ISLAMABAD: Pakistan has received $700 million loan from the International Monetary Fund (IMF). The loan was approved after the IMF...

UAE rolls over $2billion loan to Pakistan

ISLAMABAD: Following a request from Pakistan, United Arab Emirates (UAE) has rolled over $2 billion for one year to Pakistan....

Fake cigarettes cause Rs5.7b loss every year to national kitty

ISLAMABAD: Approximately Rs5.7 billion are lost every year as fake cigarettes are being sold, evading duties and taxes. The sources...

Banks continue process of establishing exchange companies

KARACHI: The country’s commercial banks are continuing to create their own exchange companies months after a massive crackdown on Pakistan’s...

FBR removes several items from negative list, boosts tax adjustment for export industries

ISLAMABAD: The Federal Board of Revenue (FBR) has made significant amendments to the Sales Tax General Order (STGO) Number 9...

Torkham border closure enters fourth day, disrupting bilateral trade activities

TORKHAM: The Torkham border, a vital trade route, has been closed for four days, disrupting trading activities and causing concern...

Large industry grows 1.59pc in November

ISLAMABAD: The production of Large Scale Manufacturing Industries (LSMI) increased by 1.59 percent on Year-on-Year (YoY) basis during the month...

Govt generates Rs158b through PIBs

KARACHI: The government on Wednesday raised Rs158 billion through the auction of fixed-rate Pakistan Investment Bonds (PIBs) against the target...

IPO-Pakistan sensitizes SMEs about importance of IPRs to flourish

ISLAMABAD: The Chairman of the Intellectual Property Organization (IPO) of Pakistan, Farukh Amil has said that SMEs should get better...

FBR seeks death penalty for narcotics smugglers

ISLAMABAD: The Federal Board of Revenue (FBR) has updated the Customs Act, 1969, for the tax year 2024, specifying severe...

FTO detects flaws in valuation of immovable properties across Pakistan

LAHORE: The Federal Tax Ombudsman (FTO) has detected major flaws in the valuation of immovable properties across Pakistan, revealing a...

FBR defers decision to block mobile SIMs, electricity connections of non-filers

ISLAMABAD: The Federal Board of Revenue (FBR) has deferred its decision to block mobile SIM cards and utility connections of...

Minister seeks DSSI report to ensure prevention of edibles’ profiteering, hoarding

ISLAMABAD: Caretaker Minister for Planning, Development and Special Initiatives Muhammad Sami Saeed has sought a detailed report from the Pakistan...

FPCCI to hold Round Table Discussion on Packaging Sector tomorrow

LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will hold “Round Table Discussion” on the Packaging Sector: Challenges...

RIDB, Euronet ink accord to promote digital payments

KARACHI: Raqami Islamic Digital Bank (RIDB) and Euronet Pakistan Pvt. Ltd. have entered into an exclusive accord to promote digital...

SIFC ‘okays’ restructuring of FBR

ISLAMABAD: The Special Investment Facilitation Council (SIFC) has approved the Finance Ministry summary regarding the restructuring of Federal Board of...

November fuel cost adjustment was Rs4.12, CPPA now wants it at Rs5.62 for Dec