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SBP likely to hike interest rates by 100bps in next policy review
KARACHI: The State Bank of Pakistan (SBP) is expected to jack up the interest rates further in the upcoming policy...
Loss-making state entities borrowed Rs142.3b in FY23: SBP
KARACHI: Loss-making public sector enterprises (PSEs) have borrowed a record Rs142.3 billion from banks in the ongoing fiscal year so...
Chinese bank deposits another $500m to Pakistan
ISLAMABAD: Pakistan received $500 million — the second disbursement of the $1.3 billion facility — from the Industrial and Commercial...
Govt announces Nisab of Zakat for 2023
ISLAMABAD: The Administrator General Zakat has notified the Nisab of Zakat in Pakistan at Rs. 103,159 for the Zakat year...
Multan Customs generates Rs80.45m through auction of confiscated goods, vehicles
MULTAN: Collectorate of Customs Enforcement Multan earned Rs80.45 million through public auction of confiscated goods and vehicles lying at the...
First cargo of Russian crude to arrive in Pakistan in April: Musadiq
KARACHI: State Minister for Petroleum Dr Musadik Malik has said Pakistan will receive first cargo of crude oil from Russia...
SBP issues Rs50 commemorative coin on golden jubilee of Senate
KARACHI: The State Bank of Pakistan, issued a commemorative coin of Rs. 50 to mark the golden jubilee of Senate,...
Weekly inflation up by 0.96pc
ISLAMABAD: The weekly inflation, measured by Sensitive Price Indicator (SPI), witnessed an increase of 0.96 percent for the combined consumption...
FBR freezes bank accounts of businessmen, bankers for tax recovery
ISLAMABAD: Federal Board of Revenue (FBR) has attached bank accounts of leading businessmen and bankers of the country for recovery...
Law Minister urges all political leaders to sit together for improving economy
ISLAMABAD: The economy of Pakistan is facing serious challenges and it is high time that the leaders of all political...
FBR allows concessionary rates of customs duty on import of goods from Uzbekistan
ISLAMABAD: The Federal Board of Revenue (FBR) has allowed concessionary/ reduced rates of customs duty, additional customs duty and regulatory...
Details of agreement with IMF to be made public: Ishaq Dar
ISLAMABAD: Finance Minister Mohammad Ishaq Dar assured that details of the staff-level agreement with the International Monetary Fund (IMF) will...
Pakistan, Australia agree to promote cooperation
ISLAMABAD: Pakistan and Australia has agreed to continue mutual cooperation in promotion of trade, Information Technology, intellectual property rights especially...
Multan Customs transfers inspectors, sepoys
MULTAN: Collectorate of Customs Enforcement Multan has issued order for transfer and posting of 8 employees including inspectors, sepoys and...
SBP-held reserves tick up by $18m
KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) rose to $4,319 million in the week...
Meezan Bank & Fieldfisher Capital join hands to extend Islamic Finance Advisory to Europe & Middle East
KARACHI: Meezan Bank, Pakistan’s leading Islamic Bank, has recently signed a Memorandum of Understanding (MoU) with Fieldfisher Capital LLP (FFC)...
Dar says documentation for ICBC-backed $500m disbursement complete
ISLAMABAD: Finance Minister Ishaq Dar on Thursday announced that the Ministry of Finance (MoF) has completed documentation for the second...
Commerce Minister advocates barter trade to increase exports
ISLAMABAD: Federal Minister for Commerce Syed Naveed Qamar appreciated barter trade model, which he said could be utilized for enhancing...
ICCI for focusing on Lithuania to promote exports with EU market
ISLAMABAD: Faad Waheed, Senior Vice President, Islamabad Chamber of Commerce and Industry said that Lithuania is an important economy of...
FBR asked to confirm sales tax chargeability on computerized arms licences
LAHORE: The Federal Tax Ombudsman (FTO) directed the Federal Board of Revenue (FBR) to confirm the chargeability of sales tax...
