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World Bank approves $200m for flood recovery, resilience in Pakistan
WASHINGTON: As part of the program agreed with the Pakistan to respond to the devastating floods that hit the country...
Remittances decline 12.8pc to $24.8b in July-May
KARACHI: Remittances sent home by overseas workers declined by 12.8% year-on-year to $24.8 billion in 11 months of the current...
Senate body recommends rationalizing Super tax, advance tax for non-filer
ISLAMABAD: The Senate Standing Committee on Finance and Revenue recommended to reducing super tax besides rationalizing advance tax for non-filer....
Pakistan inks deal with Azerbaijan for LNG supply at ‘cheaper price’
KARACHI; Pakistan has issued two tenders seeking spot liquefied natural gas (LNG) cargoes for the first time in nearly a...
FTO detects loopholes in withholding tax regime in banking sector
LAHORE: In house studies conducted by the Federal Tax Ombudsman Secretariat revealed systemic gaps and loopholes in the prevalent withholding...
Quetta Customs impounds smuggled cigarettes worth Rs120m during crackdown
QUETTA: On the directives of Member Customs Mukaram Jah Ansari and Chief Collector Baluchistan Muhammad Saleem, Collector Enforcement Quetta Irfan...
Amendments to barter trade mechanism quite possible: Member Customs Mukarram Jah Ansari
PESHAWAR: Member Customs Operation Federal Board of Revenue, Mukarram Jah Ansari has said that the newly introduced Business to Business...
FBR suggests amendments in tax laws to check profit shifting by MNCs
ISLAMABAD: The Federal Board of Revenue (FBR) has suggested amendments in tax laws to check the “profit shifting” by multinational...
Karandaaz, Vizpro join hands to digitization of retailer to distributor payments
ISLAMABAD: Karandaaz a prominent organization at the forefront of promoting financial inclusion and driving digital transformation in Pakistan has announced...
Dar for further strengthening economic relations with China
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar highlighted the need to deepen bilateral relations with China...
Russian crude shipment paid in Chinese currency: Musadik Malik
ISLAMABAD: Pakistan paid for its first government-to-government import of Russian crude in Chinese currency, State Minister for Petroleum Musadik Malik...
APTMA fears massive closures if competitive energy tariff not allowed
LAHORE: Chairman of All Pakistan Textile Mills Association (APTMA) North Zone Hamid Zaman has feared massive closures and retrenchment of...
Load-shedding likely to increase as Biporjoy impacts LNG cargoes’ berthing
KARACHI: As the "very severe cyclone system" Biparjoy approaches Sindh's coastal belt, a senior official has warned that more power...
Pakistan not considering bilateral debt restructuring: SBP governor
KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad said the country was not considering a bilateral debt restructuring, Reuters...
Pakistan starts transporting much-awaited Russian oil to refinery
KARACHI: Local authorities have begun transporting the much-anticipated discounted Russian crude oil from the vessel to a refinery in the...
Govt not intended to freeze foreign currency accounts: Pasha
ISLAMABAD: State Minister for Finance and Revenue Dr Aisha Ghaus Pasha said Monday the federal government had no intention of...
IMF to persist with ‘do more’ as Pakistan looks beyond budget: experts
ISLAMABAD: There is a wide consensus that the International Monetary Fund (IMF) won’t change its stance after the government unveiled...
SBP maintains status quo on policy rate, anticipates inflation to decline from this month
KARACHI: The State Bank of Pakistan's (SBP) Monetary Policy Committee (MPC) on Monday decided to maintain the status quo on...
FBR to establish ICTE to reduce role of FBR officials
LAHORE: The Federal Board of Revenue (FBR) will establish an International Centre of Tax Excellence (ICTE) to reduce the role...
Changes in FBR’s tax expenditure may affect provincial revenues
ISLAMABAD: The changes made in the cost of tax exemptions by the Federal Board of Revenue (FBR) may have an...
