EconomyFBR amassed Rs1.7 trillion from income taxes at import stage in FY18
Total collection for FY18 was 14.2 percent higher than previous FY17 and the country’s tax-to-gross domestic product marginally rose to 11.1 percent, which was lower than the target set
Jul 4, 2018
EconomyPakistan rice exports surpassed $2 billion in FY18: Report
Rice exports dwindled in the aftermath of FY15 when they crossed $2 billion, touching $1.86 billion in FY16 and $1.61 billion in FY17
Jul 2, 2018
EconomyInternal strife in FBR threatens customs duty collection worth billions of rupees
Director general customs audit in a recently held meeting decried the forthcoming revenue loss and wanted hesitant collectors to act in 11 long unresolved audit cases translating to a revenue loss of Rs27.3 billion
Jul 2, 2018
EconomyDollar weakens by Rs1 against local currency in kerb market
On Thursday, the rupee remained stable against the dollar in inter-bank trading at Rs121.54 and has remained largely unchanged since last week
Jun 29, 2018
EconomyFBR includes foreign income under purview of the amnesty scheme
The FBR told for a resident Pakistani, the disclosure of income in Pakistan must include both within and foreign source
Jun 29, 2018
EconomyGovt irked at non-expenditure of billion-rupee funds meant for oil and gas fields
Taking serious exception to this, the committee directed details of funds from all fields and companies be presented before the upcoming session to determine how the funds were utilized, their outcomes delivered and where they remain unused and in what quantities
Jun 29, 2018
HeadlinesSeparate wealth and income statements need to be filed under tax amnesty scheme
Till start of this week, the tax regulator had received Rs36 billion under the tax amnesty scheme for undeclared domestic and foreign assets
Jun 29, 2018
HeadlinesAGP office, federal government at loggerheads over exempting of audit to secret service fund
According to sources, AGP department which comes under the purview of the Finance Ministry is mulling to challenge the amendment in the AG’s ordinance in the apex court
Jun 28, 2018
EconomyPakistan sugar exports touch new high, fetch $474 million for national exchequer
Pakistan's sugar production recorded a decline of 7 percent during July-April of FY18, touching 6.464 million tons against 6.969 million tons in the same period of FY17
Jun 28, 2018
EconomyGovt approves hike in margins of petrol, diesel sales
Petroleum Division announced a rise of 9 paisa per litre for OMCs on petrol and 12 paisa for dealers which means margins for the former would increase up to Rs2.64 per litre from Rs2.55
Jun 28, 2018
EconomyFATF officially sanctions to put Pakistan on 'grey' list
A 26-point action plan has been designed spanning a period of 15 months to avoid being blacklisted by the Financial Action Task Force (FATF)
Jun 28, 2018
EconomyNepra releases new guidelines for tariff determination of power projects, equity participation
For hydropower projects having capacity up to 50 megawatts and construction periods crossing two years, a spread not surpassing 2.5 percent over Kibor will get authorized
Jun 28, 2018