FBR collects Rs 63bn of surplus taxes in the first quarter of FY24

ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs 2.04 trillion during the first quarter of the current financial year against...

Finance minister consults with financial markets about bringing investment through Private Funds

KARACHI: The caretaker Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar, chaired a meeting with the chairman of the...

Govt expects $700mn from IMF under SBA

Additional $450 million and $250 million expected from World Bank and IDB respectively 

COAS reaffirms resolve against smugglers and hoarders with IMF review around corner

The strongly worded statement comes in the wake of a crackdown against currency exchanges all over the country

Cabinet to approve new state-owned enterprises policy

ISLAMABAD: The federal cabinet is likely to approve State-Owned Enterprises Policy, 2023 to improve performance of loss making entities.  According to details, the...

Tax evasion of Rs 95mn detected by FBR intelligence directorate in coal sector

ISLAMABAD: Tax evasion worth Rs 95 million in the coal sector has been unearthed by the Directorate of Inland Revenue Intelligence &...

Proposals for economic revival plan delayed for second time

Cabinet committee yet to firm up proposals two weeks after the stipulated deadline

WB launches ‘Reforms for a Brighter Future’: Time to decide to contribute to the public debate on development policy priorities

PESHAWAR: The World Bank has launched a new program to foster debate on the critical development policy issues facing Pakistan. ‘Reforms for...

SBP grants In-Principle Approvals (IPA) to five digital banks. Who are they?

All digital retail banks DRBs now have 12 months to get operationally ready.

Interim ECC reviews bailout for Pakistan Steel Mill, availability of staple foods and power sector benchmark rates

The Pakistan Steel Mill has cumulatively incurred the losses of Rs 206 billion up until the end of FY23 

In the midst of economic challenges, why is the banking sector thriving? 

The sector is expected to continue steady performance in the next half too. 

After UBL, Meezan Bank wants to establish an exchange company

It will be the fourth major commercial bank to operate a wholly owned exchange subsidiary

‘Unexpected’ decision: Why did SBP maintain the interest rate?

Does the central bank really expect inflation to decline significantly or has it accepted that rate hikes aren't effective?

Caretaker PM approves transfer of Sugar Advisory Board’s control back to Industries & Production Ministry

ISLAMABAD: The caretaker prime minister, Anwaar-ul-Haq Kakar, has granted his approval for the Sugar Advisory Board to be handed over to the...

Why is OPay International acquiring FINJA?

OPay claims it has received SBP approval