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Pakistan, IMF ‘reach deal’ for release of $1b tranche
ISLAMABAD: Pakistan and International Monetary Fund (IMF) have reached a deal for the release of a US$1 billion tranche after...
President reprimands HBL over delay in refunding money to bank fraud victim
ISLAMABAD: President Dr Arif Alvi reprimanded Habib Bank Limited (HBL) for unnecessarily delaying the matter of reimbursement of a trivial...
ECC approves tariff rationalization for K-Electric
ISLAMABAD: The Economic Coordination Committee (ECC) approved the tariff rationalization for K-Electric by way of adjustments of increase Rs0.571/unit with...
Shabbir Mansha Churra appeals PM to extend date for implementation of SRO 598 till June 30, 2022
KARACHI: Acting President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Shabbir Mansha Churra has appealed to Prime Minister...
Pakistan, Chinese consortium of banks sign $2.3b loan agreement
ISLAMABAD: Pakistan has signed $2.3 billion loan facility agreement with a Chinese consortium of banks. The development was confirmed by...
Quetta Customs foils bid to smuggle narcotics worth Rs15m
QUETTA: Collectorate of Customs Enforcement has thwarted an attempt to smuggle huge quantity of narcotics including hashish and opium worth...
SBP weighs in measures to conserve energy, fuel in banking sector
KARACHI: State Bank of Pakistan provides policy guideline to banking sector on energy conservation and the Central Bank has already...
Pakistan haven for foreign investors, Malaysian delegation told
LAHORE: Lahore Chamber of Commerce & Industry (LCCI) President Mian Nauman Kabir has said that Pakistan had great economic credentials...
FBR issues draft income tax return forms for tax year 2022
LAHORE: The Federal Board of Revenue (FBR) issued draft income tax return forms for tax year 2022.The FBR issued SRO...
Foreign reserves are ‘fully usable’, rejects rumours: SBP
KARACHI: The State Bank of Pakistan (SBP) has rejected rumours claiming that its foreign exchange reserves had “dried up”, clarifying...
Financial system performs well, remains resilient in 2021: SBP Review
KARACHI: State Bank of Pakistan (SBP) in its annual flagship publication, the Financial Stability Review for the calendar year 2021...
Pakistan, IMF likely to hold talks for staff-level agreement today
ISLAMABAD: Pakistan and International Monetary Fund (IMF) are likely to hold talks to reach a staff-level agreement under the Extended...
Chairman FBR Asim Ahmad seeks 150pc increase in salaries
ISLAMABAD: Chairman Federal Board of Revenue (FBR) Asim Ahmad has urged the incumbent government to increase employees salary by 150...
Finance Minister assures relief for real estate sector
ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail assured real estate stakeholders that their proposal about capital gains tax...
CDNS achieve Rs1100b through fresh bonds by June 15th
ISLAMABAD: Central Directorate of National Savings (CDNS) attained the target of issuing Rs1100 billion fresh bonds in the last 11...
Pakistan, Iran sign agreement for supply of additional 100MW to Gwadar
ISLAMABAD: Pakistan and Iran signed an agreement for supply of additional 100 megawatt of electricity to fulfil the daily power...
Balochistan govt unveils more than Rs612b budget for FY2022-23
QUETTA: After much delay, Balochistan Finance Minister Sardar Abdul Rehman Khetran unveiled the province’s budget for the fiscal year 2022-23,...
Pakistan to revive stalled IMF programme within two days, claims Miftah Ismail
ISLAMABAD: Federal Minister for Revenue and Finance Miftah Ismail has said that the stalled International Monetary Fund’s (IMF) Extended Fund...
FBR decides to amend customs baggage rules
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to amend customs baggage rules for enhancing the baggage allowance limit...
Govt extends last date for exchange prize bonds up to June 30, 2022
ISLAMABAD: The bearer prize bonds of various denominations will not be exchangeable or convertible after June 30, 2022, which is...
