Tax ordinance makes return filing mandatory for IT exporters

ISLAMABAD: The Tax Laws (Second Amendment) Ordinance, 2021, has made the filing of income tax return mandatory for people engaged in exporting computer...

Bilawal terms SBP ordinance ‘attack on national sovereignty’ 

KARACHI: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari has termed the recently-promulgated State Bank of Pakistan (SBP) ordinance as dangerous for...

Capital traders lament NCOC’s ‘unilateral decision’ on market closures

ISLAMABAD: The business community of the federal capital has said that they cannot afford closure of businesses for two days a week and...

Foreign investment down 77pc in eight months: ministry

ISLAMABAD: Total foreign investments in Pakistan, including foreign direct and portfolio, declined 77.1pc during the first eight months (July-Feb) of the current...

Rupee ascend continues as dollar slips to one-year low

KARACHI: Pakistani Rupee continued its winning streak against the US Dollar, appreciating another 42 paisas (+0.27pc) in the interbank on Friday. This is the...

ICCI seeks withdrawal of amended tax laws to avoid economic collapse

ISLAMABAD: The Islamabad Chamber of Commerce & Industry (ICCI) has called upon the government to withdraw amendments to tax laws introduced through an...

Bears return to PSX as KSE-100 loses 204 points

KARACHI: Bears dominated Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 index failing to sustain early gains, plunging nearly 300...

Pakistan hires banks for three-tranche dollar bond sale

DUBAI: Pakistan has hired a group of banks to arrange investor calls ahead of a triple-tranche sale of US dollar-denominated bonds, a...

SBP reserves jump $275m to $13.3bn

The foreign exchange reserves held by the State Bank of Pakistan rose 2.11pc on a weekly basis, according to data released by...

Stocks extend rally with 181-point gain

KARACHI: Pakistan Stock Exchange (PSX) continued to head north on Thursday, with the benchmark index managing to touch 46,000 level intraday amid...

Pakistan, Hungary launch online platform to boost trade links

ISLMAMABAD: Pakistan and Hungary have launched a trade and economic window to boost their commercial and economic linkages. Foreign Minister Shah Mahmood Qureshi and...

IMF agrees to release $500m loan tranche for Pakistan

Revival of the $6bn loan programme comes after govt's decisions to jack up electricity prices, impose additional taxes, and grant significant autonomy to central bank

SBP amends prudential regulations to encourage investment in REITs

KARACHI: The State Bank of Pakistan (SBP) has amended prudential regulations to encourage enhanced participation and investment of banks and development financial institutions...

Current account deficit shrinks 75pc to $50m in February

Pakistan's current account deficit – the difference between the county's higher foreign expenditures compared to income – was recorded at a nominal...

Chinese agrichemical giant to set up Rs700m plant in Allama Iqbal SEZ

BEIJING: Zhengbang Agriculture Pakistan Private Limited (ZHENGBANG) has planned an investment of Rs700 million to establish an agrichemical plant in the Allama...