IT sector deplores proposed tax credit scheme, withdrawal of exemptions
LAHORE: The information technology sector has deplored the FBR’s recent proposal regarding withdrawal of income tax exemption on the export of IT...
Roshan digital account may attract up to $1.5bn this year
'RDA attracts $671m in six months, with half the deposits coming in last eight weeks'
China to set up electric vehicle manufacturing plant in Pakistan’s first private SEZ
MG JW Automobile will manufacture electric vehicles at Raiwind SEZ with an estimated FDI of Rs663m and local investment of Rs637m
Pakistan optimistic about rollover of $1bn UAE loan
ISLAMABAD: The federal government is optimistic about the rollover of $1 billion UAE loan for another year.
Senior officials of the finance ministry...
Ministry issues e-commerce rules for goods’ import, export
ISLAMABAD: The Ministry of Commerce has issued rules for assessment and clearance of imported or exported goods through e-commerce.
The ministry issued SRO...
Weekly inflation drops 1pc
ISLAMABAD: The Sensitive Price Index (SPI)-based weekly inflation dropped one per cent during the week ended 11th March, data released by the...
Tractor production up 52.8pc in July-Feb FY21
ISLAMABAD: Production of farm tractors in the country increased 52.87pc to 31,199 units during the first eight months (July-Feb) of the current...
Stocks recover 1,008 points after four-day rampage
KARACHI: The Pakistan Stock Exchange (PSX) staged a remarkable recovery on the last trading session of the week, with the benchmark index...
PIA cuts tariff to facilitate fruit & vegetable exports to Middle East
ISLAMABAD: In order to facilitate horticulture exports, Pakistan International Airline (PIA) on Thursday slashed its freight charges for the export of fruits...
SBP waives 100pc cash margin condition on some imports
KARACHI: The State Bank of Pakistan (SBP) on Thursday waived the requirement of 100pc cash margin on import of various goods.
“Based on...
ECNEC approves 12 projects worth Rs267 billion
Cabinet forum okays construction/rehabilitation of N-55 Shikarpur-Rajanpur section at Rs44.7bn; 69km Sambrial-Kharian Motorway at 43.3bn; and Nai Gaj Dam Project at Rs46.9bn
SBP reserves rise $37.7m to $13bn
ISLAMABAD:Â The foreign exchange reserves held by the central bank increased by $37.7 million on weekly basis, according to data released by the...
Bloodbath at PSX as benchmark index plunges 911 points
Stocks continue losing streak for fourth day; KSE-100 falls below 43,000 level amid political uncertainty, fear of new taxes
Local manufacturing of mobile phones on the rise
'Turnover of mobile phone manufacturing industry may surpass that of auto industry in the next few years'
FPCCI seeks 100pc adjustment of input tax
In order to improve the country's ease of doing business ranking, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has...