Breaking News

10/04/2023

KARACHI: Collectorate of Customs team deputed at Jinnah International Airport (JIAP) has conducted an operation and recovered parts and accessories...

SFD to provide $240m for advancement of multipurpose Mohmand Dam project

ISLAMABAD: Pakistan and Saudi Arabia reached an agreement under which the Saudi Fund for Development (SFD) would provide $240 million...

Dar reaffirms govt’s commitment to promote Islamic finance, eliminate interest system

ISLAMABAD: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar reiterated the government’s commitment to promote Islamic finance and...

SECP registers 2,596 companies in March

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,595 new companies in March 2023, raising the total number...

Govt raises profit rate on National Savings Schemes from April 10

The federal government has raised the profit rate on national savings schemes which will be taken into effect on April...

Roshan Digital Account inflows surpass $6b: SBP

KARACHI: The total foreign exchange inflows through the Roshan Digital Accounts (RDAs) have now surpassed the $6 billion mark. According...

Lahore High Court declares tax on deemed income as illegal

LAHORE: Lahore High Court has declared the imposition of income tax on ‘deemed rental income’ of properties as illegal. The...

inDrive donates Rs10m for rehabilitation of schools in flood hit areas

ISLAMABAD: inDrive, a global mobility and urban services platform, has donated Rs10 million to the Akhuwat foundation for the reconstruction...

ICCI calls for Pak-Ethiopia PTA to boost bilateral trade

ISLAMABAD: Ethiopia has strong economic ties with Turkiye & UAE and Ethiopia wants similar relations with Pakistan. China and India...

Peshawar I&I to auction 19 motor vehicles on April 11

PESHAWAR: The Directorate of Customs Intelligence and Investigation (I&I) has announced to hold auction of motor vehicles on April 11,...

Business community outright rejects 100bps hike in interest rate

LAHORE: The business community has outright rejected 100bps increase in the benchmark policy rate by the State Bank of Pakistan...

$450m loan deal with WB likely as Pakistan clears the last hurdle

ISLAMABAD: Pakistan has fulfilled another condition set by the World Bank (WB) paving way and making the prospects bright for...

Respite for Pakistan as IMF ‘receives’ $2b assurance from Saudi Arabia

ISLAMABAD: Pakistan moved one step closer to the revival of the crucial bailout package of the International Monetary Fund (IMF)...

ECNEC approves digital economy enhancement project at Rs17.4b cost

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) has approved the Digital Economy Enhancement Project (DEEP) at an...

Presidents of NBP, ZTBL to be appointed before end of FY 2023: Dr Ayesha

ISLAMABAD: Minister of State for Finance Dr. Ayesha Ghous Pasha informed the National Assembly’s Standing Committee on Finance and Revenue...

Debt payments dent SBP-held foreign exchange reserves

KARACHI: The State Bank of Pakistan (SBP)-held foreign exchange reserves fell further as the cash-strapped nation met its debt obligations...

Under supervision of DG Faiz Ahmad Lahore I&I delivers exceptional performance during 3Q of FY-23

byM Hayat