Karachi

FBR revises customs values for imported smartwatches & wearables vide VR No.2076/2026

Pakistan to build Energy City, multipurpose terminal at Port Qasim

Pakistan Single Window, TDAP sign MoU to boost Pakistan’s digital trade ecosystem

Foreign exchange reserves rising weekly, external debt steady at $100bn: SBP governor

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Karachi

Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

SBP set to increase interest rates in off-cycle review

24/02/2023

KARACHI: The State Bank of Pakistan (SBP) is set to raise interest rates as early as this week in an...

SBP-held forex reserves record meagre increase

24/02/2023

KARACHI: State Bank of Pakistan (SBP)-held foreign exchange reserves have witnessed a meagre rise as the cash-strapped nation desperately tries...

US, China, UK remained top three destinations of Pakistani exports in 7 months: SBP

24/02/2023

KARACHI: The United States (US) remained the top export destination of Pakistani products during the seven months of the current...

Iran, Pakistan target $5b bilateral trade volume: Iranian Consul General

23/02/2023

KARACHI: Consul General of Iran Hassan Nourian has said the trade volume between Iran and Pakistan was not satisfactory at...

SHC makes big decision regarding sales tax collection

22/02/2023

KARACHI: The jurisdiction and powers to collect sales tax on toll manufacturing rest with the Federation, the Sindh High Court...

YoY: FDI rises 102pc to $222.6m in January 2023

21/02/2023

KARACHI: Pakistan's net foreign direct investment (FDI) grew in January this year as it more than doubled to $222.6 million...

Pakistan current account deficit falls to $0.2b in January: SBP

21/02/2023

KARACHI: Pakistan’s current account deficit (CAD) dropped to $0.2 billion in January 2023, down 90% from last year as the...

Tariff protection likely to raise petrol, diesel prices

20/02/2023

KARACHI: A tariff protection incentive given to the local refineries could push up the price of motor gasoline (MS) and...

SBP raises Rs5.547bn through Sukuk Auction

18/02/2023

KARACHI: The State Bank of Pakistan (SBP) has successfully raised Rs5.547 billion through the sale of 1-year, 3-year, and 5-year...

SBP forex reserves break falling spree, rise above $3b

17/02/2023

KARACHI: The State Bank of Pakistan (SBP)-held foreign exchange reserves snapped a three-week declining spree after losing $1,685 million cumulatively...

Pakistani fin-tech AdalFi raises $7.5m to tackle lending challenges

17/02/2023

KARACHI: Pakistani digital lending platform AdalFi said that it has raised $7.5 million in funding, the first major corporate financing...

Karachi I&I impounds smuggled goods worth Rs1b in January

KARACHI: Under the supervision of Director-General Customs Intelligence and Investigation (I&) Faiz Ahmad, Directorate of Customs Intelligence and Investigation (I&I)...

Hyderabad Customs seizes smuggled goods, vehicles during two IBOs

HYDERABAD: Collectorate of Customs has recovered huge quantity of smuggled goods during two Intelligence Based Operations (IBOs). The value of...

Inflation in Pakistan could average 33pc in first half of FY23, says Moody’s economist

KARACHI: Inflation in Pakistan could average 33% in the first half of 2023 before trending lower, and a bailout from...

Last opportunity: Govt extends date for encashment of prize bonds

KARACHI: The State Bank of Pakistan (SBP) on Wednesday announced an extension for the encashment and redemption of the withdrawn...

Fitch downgrades Pakistan’s currency issuer default rating to CCC-

15/02/2023

KARACHI: Fitch Ratings has downgraded Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) to "CCC-" from "CCC+", a statement from the...

Customs JIAP recovers iPhones from passenger worth millions of rupees

14/02/2023

KARACHI: Collectorate of Customs team deputed at Jinnah International Airport (JIAP) foiled an attempt to smuggle iPhones 14 Pro equivalent...

Panic over suspended imports peaks in Pakistan

14/02/2023

KARACHI: Pakistan business chiefs are clamouring for the cash-strapped government to allow manufacturing materials stuck at the key port of...

Workers’ remittances fall to 31-month low amid economic crisis

14/02/2023

ISLAMABAD: Remittances sent by overseas Pakistani workers continued to decline as inflows dipped month-on-month by 9.9 percent in January 2023,...

Hyderabad ASO foils bid to smuggle 60,000 liters of smuggled diesel