FBR unearths 16,000 tax evaders with investments in realty sector
In the last two years, over 80,000 transactions worth around Rs800 billion (according to deputy commissioner rates) were recognized however the market value of these transactions is probably going to be much higher than the aforementioned figure
Govt to set up new amnesty scheme Â
The federal government is planning to initiate a new amnesty scheme for over 3,500 individuals who wish to change their black money...
Hike in prices of non-imported goods flayed
UNISAMEÂ president says 'greedy' manufacturers are taking undue advantage of rupee depreciation
KARACHI:Â The Union of Small and Medium Enterprises (UNISAME) has invited the...
PM holds meeting to take stock of dire economic situation
Participants resolve to steer country out of the prevalent crisis
ISLAMABAD:Â Prime Minister Imran Khan on Sunday held a meeting with leading businessmen...
‘National interest won’t be compromised for IMF loan’
PEW chairman says changing the rotten system will take time
ISLAMABAD:Â The Pakistan Economy Watch (PEW) said on Sunday that Prime Minister Imran Khan...
‘Potential IMF programme to be around $15bn’
A potential International Monetary Fund programme for Pakistan could be valued at $15 billion, the Institute of International Finance (IIF) said in...
Pakistan to share Chinese debt details with IMF, says Asad Umar
Decision to approach IMF was made after consultation with KSA, China
ISLAMABAD:Â Pakistan will be sharing the details of debt it received from...
Indonesia asked to setup JVs for palm oil production in Pakistan
ISLAMABAD:Â Islamabad Chamber of Commerce and Industry President Ahmed Hassan Mughal has urged the Indonesian investors to set up joint ventures in Pakistan...
Getting it right
Pakistan has decided to go to the IMF for a bailout. Presumably this long-awaited and much-delayed decision has been taken after exhausting all other options.
Fawad welcomes Spanish investment in energy, tourism
ISLAMABAD:Â Information and Broadcasting Minister Chaudhry Fawad Hussain on Friday welcomed the Spanish companies for investing in the energy, infrastructure and tourism projects...
Export of surgical goods reaches $58.585mn in two months, declines by 4.71pc YoY
ISLAMABAD: Surgical goods and medical instruments worth $58.585 million were exported from the country during the first two months of the current financial year as...
Planning Ministry rebuffs western media’s fresh report on CPEC
‘Infrastructure sector is being developed through interest-free or government concessional loans’
‘Benefits of CPEC investments will far outweigh the outflows’
ISLAMABAD:Â The Ministry of Planning...
SBP’s foreign reserves decline by $101mn
The total liquid foreign reserves held by the country stood at $14,852.1 million on 5 October 2018.
Foreign reserves held by the State...
Rupee rebounds by Rs1.87 against dollar in inter-bank market
This was the third consecutive day that the rupee recovered Rs3 of its value against the dollar, resulting in a cumulative gain of 7.14% since touching Rs140 in the kerb market on Tuesday
‘Path of thorns’: An IMF bailout set to impede Pakistan PM’s populist agenda
Reserves have plummeted 41 percent this year to stand at $8.3 billion, or about 1.6 months of import cover, despite China lending billions of dollars to Islamabad to prop up the currency