‘Devaluation of rupee, increase in crude prices behind rising inflation’ Â
Finance Ministry asks provinces to monitor prices, discourage hoarding and extend weekly bazaars
ISLAMABAD:Â With a record devaluation in the local currency, increase...
ICAP not against privatisation of DISCOs
LAHORE: The Institute of Chartered Accountants of Pakistan (ICAP) has refuted a news report that claimed that the institute was against the...
HBL president suggests export-based model for sustainable future
 ‘CPEC will ultimately create a long-term positive effect on the balance of payments’
Habib Bank Limited (HBL) President and CEO Muhammad Aurangzeb...
ECC to decide electricity tariff hike in next meeting Â
KARACHI: After an increase in the gas tariff, the government has further deferred the increase of electricity by Rs3.75 per unit to...
Pakistan needs to get out of the comfort zone, end cycle of borrowing
Pakistan is stuck in a repeated cycle of borrowing to pay back money it already owes to other countries. The scary part - it seems like it has become too comfortable with it.
FDI has plunged by 40 percent globally: UNCTAD
According to UNCTAD, the development is mainly owing to recent tax reforms in the U.S. which have encouraged big firms there to bring home earnings from abroad – principally from Western European countries
IMF bailout package to be tabled before parliament for approval: Asad Umar
Umar said $12 billion were required to fill the current account deficit, which was essential for the country's economic stability
Rs182 billion additional tax set to be levied
Additional customs duty on approximately 6,000 items is expected to be raised from 2% to 3% via the tax regulators recommended SRO, which will raise an additional revenue of over Rs50 billion for the FBR, sources said
Govt to review LNG terminal agreements
The ECC instructed the Petroleum Division to ask for the legal opinion of Law and Justice Division regarding the LNG terminal agreements and know if the government had any recourse to revisit the terms and conditions
FBR sends notices to 340 potential tax evaders
A big percentage of the identified high net worth individuals belong to areas that don’t fall under the purview of the federal government’s tax jurisdictions
Japan wants to hold government-level dialogue for enhancing trade in December
The volume of bilateral trade between both countries stands around $2.3 billion with Pakistan exports standing at a paltry $250 million against Japan’s $2.03 billion
Asad Umar assures brokers their proposals will be given due consideration
The brokers requested the government to scrap 0.01 percent of advance tax on the purchase of shares in consideration of the commission earned by its member
China says it supports IMF assistance to Pakistan
Addressing a press briefing, Chinese Foreign Ministry’s Spokesperson Lu Kang said that the relevant measures should not affect normal bilateral cooperation between China and Pakistan
PSX slides 750 points amid lack of confidence
KARACHI:Â The colour red dominated the Pakistan Stock Exchange (PSX) on Monday, as indices remained volatile and recorded their fresh 52-week lows.
Although the...
Rupee plunges by Rs1.31 against dollar in inter-bank market
On Friday, the rupee had regained a further Rs1.87 or 1.4% against the dollar in inter-bank trading to close at Rs131.9318