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KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has kept the key interest rate unchanged...

DG Valuation issues customs values of polyester filament yarn vice VR No 1538/2021

KARACHI: Directorate-General of Customs Valuation Director Shafiq Ahmad Latki has issued valuation ruling no. 1528/2021. The customs values of polyester...

Senate body summons SECP, FIA, SBP over major corruption in HASCOL Petroleum

ISLAMABAD: Expressing serious concerns over alleged massive corruption of multi-billion rupees in Hascol Petroleum by its top management, the Senate’s...

Car loans hit record high of Rs308b in FY21

KARACHI: Low interest rates and buyers’ enthusiasm for locally-assembled cars have taken auto financing to a historic high of Rs308...

CHAMAN, PAKISTAN - FEBRUARY 18: Pakistani soldiers patrol at the Chaman border crossing point in the southwestern border town of Chaman, Pakistan on February 18, 2017. Pakistan has closed two of its border crossings to Afghanistan, Torkham in the north and Chaman in the south and demanded Kabul to take action against 76 "terrorists" that are claimed to be hiding in Afghan territories in response to the worst attack on Pakistani soil since 2014. The government of Pakistan took the move following a suicide bombing at a Muslim sufi shrine in the town of Sehwan, in southern Sindh province on Thursday, killing 88 people and wounding hundreds others. (Photo by Naveed Khan/Anadolu Agency/Getty Images)

Chaman border crossing reopened to facilitate traders

QUETTA: The authorities reopened a major border crossing with Afghanistan that is currently under Taliban control on the opposite side,...

SBP to announce monetary policy today

ISLAMABAD: The State Bank of Pakistan's (SBP) Monetary Policy Committee (MPC) will meet on Tuesday (today) with its head Reza...

Over 70 Pakistani businessmen receive UAE Golden Visa

DUBA: Around 73 Pakistani businessmen have received the UAE 10-year Golden Visas, Khaleej Times reported. President of the Pakistan Business...

FBR brings key retailers in advance tax regime

ISLAMABAD: The Federal Board of Revenue (FBR) has brought certain retailers into the ambit of the advance tax for their...

M/s I.M Enterprises and others moves SHC against detention of consignment of dry copra

byM.B. Rana

KARACHI: Maqsood Ahmed Paracha, Proprietor of M/s Rafiq Trading Company and Gulraiz Waseem, Proprietor of M/s I.M Enterprises have approached...

Pakistan ranks top 10 in business environment: report

BEIJING: Pakistan has been ranked one of the world’s top 10 economies with the most improved business environment due to...

Customs Court seeks reply on bail petition filed by suspect in sales tax evasion scam

byM.B. Rana

KARACHI: The Customs Court issued notices to the investigation officer of Commissioner Inland Revenue Zone-1 Regional Tax Office Karachi and...

FBR reduces sales tax rate on petrol to 10.77pc

ISLAMABAD: Federal Board of Revenue (FBR) reduced the sales tax rate to 10.77 per cent on supply of petrol. The...

NA passes Act to attract FDI in tech sector

ISLAMABAD: The National Assembly (NA) has passed the Special Technology Zone Authority Act, 2021 to attract foreign direct investment (FDI)...

A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

PSX set to launch 90-day DFCs

KARACHI: The Pakistan Stock Exchange (PSX) on Monday (today) will introduce a new eligibility criteria for the trading of futures...

USA, UK, China top three destinations of Pakistani exports during FY 2020-21: SBP

KARACHI: The United States of America (USA) remained the top export destinations of the Pakistani products during the fiscal year...

Credit to private sector spikes 12pc to Rs6.82tr

ISLAMABAD: The banks’ credit to the private sector jumped 12% to a total of Rs6.82 trillion in the previous fiscal...

Plan of granting five-year tax break to new authorities turned down

byM Hayat