SBP raises key interest rate by 100 basis points to 8.5 percent

The central bank has downgraded GDP growth to 5.0 percent for FY19 from 5.5 percent previously

Weekly inflation goes up by 0.37pc

ISLAMABAD: The weekly inflation for the combined income group witnessed an increase of 0.37 per cent as compared to the previous week. The Sensitive...

Imran Khan’s bid to crowdfund $14 billion for Pakistan dam

The government’s plan is to build two facilities: the Mohmand dam in the country’s northwest, widely seen as feasible, and the much larger, troubled Diamer-Basha project in the north, first mooted in the early 2000s

Indonesia keen to import 1m tons of rice from Pakistan

The Indonesian Ambassador to Pakistan stated the volume of bilateral trade is $2.18 billion, which is far less than the current potential

Previous govt made Rs72 billion illicit payment to power producers: AGP

The ECC meeting was apprised the sub-committee on circular debt had called the non-adjustment of liquidity damages by the Minister of Water and Power (MoWP) against claims of Independent Power Producers (IPPs) of Rs22.91 billion as illegal

Tax regulator may fail to attain quarterly tax collection target by Rs30 billion

With only two days left in September, till now less than 300,000 people and corporations have filed their annual income tax returns

Govt rejects IMF request seeking details about CPEC

In a meeting on Friday with the Ministry of Finance officials, the US embassy officials raised the issue of transparency in CPEC deals

Rupee downslide restarts, plummets to two-month lows of Rs126 against dollar

The local currency has remained below Rs126 since the end of July when it appreciated against the greenback on news of Pakistan Tehreek-e-Insaf (PTI) winning the general elections

FBR gears up to launch crackdown against tax evaders

An official who preferred to remain anonymous told the crackdown will commence from next week based on the details obtained under the exchange of information with OECD member countries

Govt constitutes subgroup in EAC to double tax collection

The sub-group has been assigned to formulate a tax policy by end of October

Petroleum prices likely to remain the same for October

OGRA recommends at least Rs4.50 per litre increase ISLAMABAD: The government is unlikely to increase the prices of petroleum products (POL) for the next...

Govt may seek IMF’s help, hints Asad Umar

‘Pakistan could face difficulties if oil prices in global markets do not stabilise’

Govt tightens the noose on Pakistanis with properties abroad

ISLAMABAD: The government has decided to send notices to 300-400 Pakistanis holding properties abroad. According to sources, out of the 2,700 overseas Pakistanis with...

FBR sends notices to 100 tax defaulters

ISLAMABAD: After getting a nod from the federal cabinet, the Federal Board of Revenue (FBR) has dispatched notices to the residential addresses of...

US-China trade war may turn out be a windfall for Pakistan

KARACHI– The trade war between China and the United States of America (USA) can be beneficial for Pakistan. The Pakistani government is...