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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...
Dar for further expanding Pak-UK relations
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar has said that Pakistan had long historic ties with...
IMF wants Pakistan to tax the rich not poor
ISLAMABAD: The International Monetary Fund (IMF) wants Pakistan to provide subsidies only to the people who need them, saying that...
FTO directs FBR to return recovered pay order to taxpayer
LAHORE: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to de-attach the bank account of the...
National Assembly unanimously approves much-needed mini-budget
ISLAMABAD: The National Assembly unanimously approved the government’s much-needed Finance (Supplementary) Bill 2023 or ‘mini-budget’ — a move mandatory for...
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...
RCCI establishes Regional Connectivity Desk
RAWALPINDI: A Regional Connectivity Desk has been established at the Rawalpindi Chamber of Commerce and Industry (RCCI) in collaboration with...
Pakistan earns $1,333m from IT Services’ export
ISLAMABAD: Pakistan earned US$ 1,333.230 million by providing different Information Technology (IT) services to various countries during the first six...
Economic crisis ‘chips away’ at Pakistan’s industrial might
KARACHI: As cash-strapped Pakistan continues its efforts to avert a debt default, a shortage of raw materials and a severe...
ICCI calls for privatising loss-making SOEs to get rid of debt
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) urged the government to privatize loss-making state owned entities (SOEs), including...
FBR finalizes list of items getting 25pc sales tax
ISLAMABAD: The Federal Board of Revenue (FBR) will issue a statutory regulatory order (SRO) to impose a 25% sales tax...
Islamabad I&I to auction used, old motor vehicles on Feb 21
ISLAMABAD: Directorate-General Customs Intelligence and Investigation (I&) will auction old and used motor vehicles on February 21, 2023. The auction...
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...
KP BoIT gives final touch to establish export processing zone for copper mining in N.Waziristan
PESHAWAR: The Khyber Pakhtunkhwa Board of Investment and Trade (BoIT) has given the final touches to the plan of establishing...
Pakistan’s rice exports to China increases by 53pc in 2022
LAHORE: The news was announced by Ghulam Qadir, the Commercial Counsellor at Pakistan’s Embassy in Beijing, China. Qadir highlighted that...
Pak Suzuki extends plant shutdown on ‘inventory shortage’
KARACHI: Pak Suzuki Motor Company (PSMC) — one of the country’s largest car manufacturers announced its decision to extend the...
FBR to enhance cooperation with the US on finance, revenue
ISLAMABAD: Special Assistant to Prime Minister (SAPM) on Revenue, Tariq Mahmood Pasha appreciated the United Sates (US) engagement with Pakistan...
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...
Citizen moves LHC against POL price hike
LAHORE: A petition was filed in the Lahore High Court (LHC) on Friday challenging recent increase in prices of petroleum...
PM to announce major austerity measures soon: Ayesha Ghous Pasha
ISLAMABAD: Minister of State for Finance and Revenue Dr Ayesha Ghous Pasha has said that Prime Minister Shehbaz Sharif would...
