Pakistan’s net international reserves stand at negative $4b, excluding IMF debt obligations
Till September 2018, SBP had obtained $7.22 billion from commercial banks in the aegis of forward and currency swap arrangements
Government reluctant to implement key reform on immovable properties
Notwithstanding, it is mandatory under Income tax law to establish the Directorate General of Immovable Property
Military makes income tax return filing mandatory for promotions
The official stated before the decrease in income tax rates, the army solely was paying nearly Rs398 million a month in income tax on salaries translating into a Rs4.8 billion yearly contribution to the national exchequer
Indonesia announces unilateral concession on 20 tariff lines to Pakistan: Dawood
Abdul Razak Dawood said that the ministry of commerce had evolved a comprehensive national tariff policy, which would be presented before the Cabinet for approval on Thursday
PSMA to shut down sugar mills in upcoming season if issues not addressed
ISLAMABAD: Pakistan Sugar Mill Association (PSMA) has decided to shut down sugar mills rather than bearing a loss of Rs15 per kg...
Army deposits Rs390 million income tax every month: Member FATE
COAS filed all tax returns a month in advance, meanwhile Topi Rakh among highest tax paying marriage halls
PepsiCo AMENA CEO Mike Spanos meets PM Imran, promises $1bn investment
Demonstrating PepsiCo’s ongoing commitment to Pakistan, Spanos discussed plans for the PepsiCo system to invest $1 billion over the next five years.
SBP issues ‘Security of Digital Payments’ for banks/MFB in the wake of recent cyber attacks
SBP on Wednesday issued “Security of Digital Payments’ in order to safeguard banks/MFBs and their customers from potential losses due to cyber-crimes and online banking frauds.
Market Daily: Investors choose to ignore Kartarpur as market dips 189.42 points
Investor participation was mixed on Tuesday as traded volumes declined by 6 per cent to 124 million, while the traded value rose by 1 per cent to $49 million.
Pepsi and Coca-Cola pouring $1.4 billion into Pakistan: government
Pepsi planned to make “a further investment of $1.2 billion” in next five years, Khan’s office said on Wednesday, after the company’s chief executive for Asia, Middle East and North Africa, Mike Spanos, led a Pepsi delegation that met Khan
Pakistan likely to pay back IMF before Chinese debt: U.S. Treasury official
David Malpass, the Treasury’s undersecretary for international affairs, told a U.S. Senate Foreign Relations subcommittee hearing that the Trump administration was pushing for more transparency in Chinese lending, including to Pakistan
Volkswagen’s entry to challenge dominance of Asian producers in Pakistan: Fitch Solutions
Fitch Solutions projected LCV sales in Pakistan to average annual growth of 8.7% over FY19-FY22, reaching a total of around 40,400 units by the end of FY22
Suzuki Motors likely to invest $450m in Pakistan
KARACHI: Suzuki Motor Corporation (SMC) Chairman Osamu Suzuki on Tuesday expressed his interest to invest $450 million in setting up another production...
Punjab governor stresses development of SMEs to curb poverty
‘Govt vows to transform Pakistan into a business-friendly country by devising conducive policies based on solid research’
LAHORE: Punjab Governor Chaudhry Muhammad Sarwar...
Vopak to buy 44% stake in Elengy Terminal Pakistan
The acquisition will be done in separate transactions with International Finance Corp (IFC) and Engro Corp and will include a 29 percent share it had already said it would buy in July, the company said in a statement