Breaking News

18/05/2023

KARACHI: Foreign Direct Investment (FDI) in Pakistan dipped by almost 29 per cent year-on-year to $121.6 million in April and...

FBR dismisses Preventive Officer Samra Liaquat from service for unauthorized absence

18/05/2023

ISLAMABAD: Federal Board of Revenue (FBR) has dismissed a female officer of the Pakistan Customs Service (PCS) hl from service...

Reduction in petroleum prices to provide impetus to industry, curtail inflation: FPCCI

ISLAMABAD: United Business Group (UBG) of the Federation of Pakistan Chamber of Commerce and Industry on Tuesday hailing the decision...

TMB lending revenue increases by 45pc in Q1-2023

ISLAMABAD: Telenor Microfinance Bank (TMB) achieved an impressive year-on-year increase of 45 percent in lending revenue backed by Rs 7...

ECC approves Rs100m to NHA for construction of road from Dalbanin to Ziarat

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved Rs. 100 million to National Highway Authority (NHA) under PSDP...

Roshan Digital Account inflows surpass $6b in April

KARACHI: Roshan Digital Account (RDA) inflows have crossed $6 billion for the first time since its launch, the State Bank...

Dar says committee formed to promote Islamic banking

ISLAMABAD: Finance Minister Ishaq Dar on Tuesday reiterated the federal government’s resolve to promote Islamic banking in the country, pointing...

Pakistan’s current account posts surplus for second consecutive month

KARACHI: Pakistan's current account posted a surplus for the second consecutive month in April due to reduced imports, data released...

President directs banks to refund over R0.5m to bank fraud victims

LAHORE: President Dr Arif Alvi on Tuesday directed two private banks to refund an amount of Rs564,469 to three victims...

FBR announces names of active taxpayers until May 14, 2023

LAHORE: The Federal Board of Revenue (FBR) released the names of 3.67 million active taxpayers who have successfully filed their...

Ambassador of Kazakhstan calls on Chairman FBR

ISLAMABAD: Ambassador of Kazakhstan to Pakistan Yerzhan Kistafin called on Chairman Federal Board of Revenue (FBR) Asim Ahmad and discussed...

SBP reminds public of last date for encashment of withdrawn prize bonds

KARACHI: As the deadline nears, the federal government reminded the public to encash the withdrawn prize bonds before June 30....

Honda Pakistan mulls resuming plant production operations

KARACHI: The Honda Atlas Cars (Pakistan) Limited announced to resume plant operations in the coming weeks amid relief in trade...

Debt Service Suspension Agreement with Korea signed

ISLAMABAD: The Government has signed a Debt Service Suspension Agreement with Republic of Korea amounting to deferment of payment of...

Govt slashes petroleum products’ prices by up to Rs30 per litre

ISLAMABAD: The Pakistan Democratic Movement (PDM)-led federal government Monday announced decreasing the price of petrol by Rs12 per litre to...

SBP, MoFA jointly conducted training program for ASEAN member states

ISLAMABAD: National Institute of Banking and Finance (NIBAF), a subsidiary of State Bank of Pakistan, in collaboration with Ministry of...

Rupee likely to remain stable as govt tackles currency manipulation

15/05/2023

KARACHI: The rupee will likely remain stable in the upcoming week provided that the coalition government prevents any manipulation in...

Pakistan, Iran cooperate in countering challenges

15/05/2023

KARACHI: Chairman National Security Commission of Iranian parliament, Dr Vahid Jalal Zadeh has said that Iran is keen to bolster...

Govt proposes tax target above Rs9000b for FBR