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
Moody’s downgrades Pakistan’s credit rating to ‘Caa3’
ISLAMABAD: Moody's on Tuesday downgraded the Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa3 from...
SBP mulls revising policy rates in rescheduled MPC meeting on March 2
KARACHI: In an apparent attempt to increase the pace of efforts to secure the much-awaited International Monetary Fund's (IMF) tranche,...
Auto sector fears massive lay-offs if LC issue persists
KARACHI: Several auto companies have regularly announced shutdowns and some of them say it will be difficult to sustain the...
ANF recovers over 69 kg drugs; arrests nine
KARACHI: Anti-Narcotics Force (ANF) in five operations managed to recover over 69 kg drugs and arrested nine accused, said an...
HBL delivers profit of Rs77b in 2022, up 24pc YoY, with enhanced focus & commitments to its clients
KARACHI: HBL declared a consolidated profit before tax of Rs 77 billion for the year ended December 31, 2022, an...
SBP reserves swell to $4b after $700m injection by China
KARACHI: Pakistan on Friday received a new $4 billion loan from China to help shore up its foreign exchange reserves,...
Pakistan may need another IMF programme in June: Murtaza Syed
KARACHI: Pakistan will require another International Monetary Fund (IMF) programme in June 2023, given its massive external financing needs and...
SBP set to increase interest rates in off-cycle review
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
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
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
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
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
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
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
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
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
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
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...
