Govt fails to implement surcharges on tobacco, sugary drinks
ISLAMABAD: The government has failed to implement the cabinet’s decision pertaining to imposing a Rs 10 surcharge on tobacco products and Rs1...
SBP to businesses: stop firing people, get a cheap loan instead
Businesses can now get loans at 4% from banks to cover salaries from April to June 2020
‘Liquidity constraints’: Steelmakers appeal to operate during lockdown
'Construction industry will not be able to commence operations in the absence of steel'
Weekly inflation falls 0.44pc
Inflation drops to 8.2pc following a decline in food prices
MoC releases over Rs21bn DLTL refunds for industries
ISLAMABAD: In order to ensure that exporters pay dues to their employees amid industrial shutdown in the country, the Ministry of Commerce...
Stocks gain 195 points in volatile session
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a volatile session on Friday, with the benchmark KSE-100 Index making a swift recovery after...
Pakistan to receive $1.4billion IMF in coming week: Sanchez
ISLAMABAD: Resident Representative of International Monetary Funds (IMF) in Pakistan Maria Teresa Daban Sanchez has that Pakistan would receive $ 1.4 billion...
IMF head sees worst economic downturn since Great Depression
WASHINGTON: The coronavirus pandemic will push the global economy into the deepest recession since the Great Depression, with the world’s poorest countries...
FBR proposes ‘electronic fiscal devices’ for integrated enterprises
ISLAMABAD: The Federal Board of Revenue (FBR) has proposed the installation of electronic fiscal devices for integrated enterprises.
The tax department on Thursday...
‘Ehsaas’: Capital administration disburses Rs9.6m among 8,000 beneficiaries
ISLAMABAD: The federal capital administration with the help of the Poverty Alleviation Division on Thursday disbursed Rs9.6 million among 8,000 beneficiaries under...
Foreign outflows reach $292m in April
KARACHI: Total gross divestment during April 2020 has reached $292 million, according to data released by the State Bank of Pakistan (SBP),...
SBP reserves drop $463m to $10.7bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $463 million to $10,722.5 million during the week...
Pakistan pledges $3m to fight coronavirus in South Asia
ISLAMABAD:Â Pakistan has pledged $3 million to the South Asian Association of Regional Countries (SAARC) COVID-19 Emergency Fund to support efforts in the...
Experts suggest duty-free import of sugar to curb cartelisation
LAHORE: Economic experts have recommended the government to lift the ban on sugar imports (allow duty free imports) and let the market...
Covid-19: UK, France, Germany hit by worst recession
ISLAMABAD: The coronavirus pandemic is battering the world’s major economies such as the UK, France, Germany and could trigger the deepest global...