SBP issues guidelines for sugar exporters
KARACHI: The State Bank of Pakistan has directed all the authorised dealers (ADs) of sugar to comply with the Ministry of Commerce...
Pakistan seeks EU’s support for economic prosperity
Law minister says there are certain NGOs that are only wasting the money of the west and are not helping in...
Anti-Money Laundering 101: What businesses need to know
Earlier this year, Pakistan was put on the grey list of the international watchdog against money laundering and financing of terrorism -...
Asad Umar defends move to approach friendly countries, IMF for financial assistance
Mr Umar rebuffed the impression that the government’s vacillation on the IMF programme had spawned the stock market crash and told the house that the KSE-100 benchmark index had nosedived by 15,000 points even when the previous PML-N administration was in power
Saudi bailout package came with no strings attached: Foreign Minister
While talking about the economic problems plaguing Pakistan, the foreign minister called for evolving a charter of economy based on a national consensus to take the country out of existing economic crisis
FBR deprives hundreds of overseas Pakistanis from availing tax amnesty scheme
A circular issued by the FBR on October 24th effectively deprives those overseas Pakistani's from availing the benefits of the tax amnesty scheme who had declared their foreign assets worth Rs155 billion
Government after gap of 1.5 years reinstates DGII powers to probe tax dodgers
In a judgement of the Lahore High Court (LHC) in July 2017, the statutory regulatory order (SRO) 116, which permitted the DGII to carry out an investigation into sales tax evasion was declared unlawful
Govt mulling to impose regulatory duty on unregistered mobile phones
It has been projected the imports of illegal phones in the country cause roughly $1.5 billion in revenue losses to the public exchequer on a yearly basis
Atlas Autos to invest $20m in DID assembly plant
With the new DID assembly plant, Honda bikes will further be localized and will help in reducing the country’s mounting import bill
Rs143 billlion losses incurred by four power distribution companies
During FY17 and FY18, they posted a cumulative loss of Rs143 billion, out of which Rs75.6 loss was recorded in FY17 and Rs67.47 billion in FY18
King Long Automotive to setup assembly plant in Lahore for producing buses
The official said the project is projected to rope in an investment of around $200 million
Study reveals social mobility booming in Pakistan
As many as 79pc affluent consumers believe they are in a better financial position than their parents
KARACHI:Â The Standard Chartered Bank (SCB-Pak)...
Balochistan not cooperating over finalization of Rs86b discount in electricity bills
The power division in writing informed the ECC that the Balochistan government had not offered any comments despite constant reminders
Customs court directs recovery of Rs63m in evaded taxes
According to sources in the Customs, these three importers were regularly erroneously declaring the description of toys in the past to avoid payment of actual taxes on their imports
Pakistan signs Expo 2020 participation contract with UAE
ISLAMABAD: Pakistan Sunday formally signed a participation contract with the EXPO-2020 authorities at the Ministry of Foreign Affairs and International Cooperation, Abu...