Senate Committee gives FBR a fortnight to report on tax collection decline from tobacco
Present on the occasion, the FBR officials said, decline in tax collection was because of fake and illegal (smuggled and non-custom paid) cigarettes
NEPRA recommends Rs4/unit increase in power tariff
The National Power Regulatory Authority (NEPRA) has suggested an increase of Rs4 per unit in the power tariff in a summary forwarded...
Finance ministry to review social safety nets to fulfill PM’s pledge
Major cut in development budget coincides with financing BISP, youth and skill development
Ghulam Abbas
ISLAMABAD:Â As the government has decided to cut...
Pakistan yet to implement TIR convention signed in 2015
MoC, FBR, Communication still have conflicting rules for simplifying international road transport
ISLAMABAD: In spite of over three years delay, Pakistan has yet...
Govt to slash PSDP by nearly Rs400 billion, abolish 400 unapproved projects
ISLAMABAD: The government is planning to abandon nearly 400 unapproved schemes, and also to slash the ongoing fiscal’s Public Sector Development Program...
Trade deficit declines with rising exports, waning imports
ISLAMABAD: The PTI government’s difficulties on the external front eased a trifle as the current account deficit for the first two months...
Pak-Indonesian bilateral trade to jump to $9bn by 2019: envoy
FAISALABAD: The quantum of bilateral trade between Pakistan and Indonesia is expected to jump to $9 billion by 2019, said the Ambassador of Indonesia,...
Senate panel to take up declining tobacco revenues in meeting today
ISLAMABAD: The Senate Special Committee on the causes of declining tax revenues from the tobacco sector is scheduled to be held today...
Pompeo said U.S. won’t block Pakistan if it seeks IMF bailout – Pakistani minister
Pakistani officials say they are discussing taking drastic measures to avert seeking a bailout from the IMF, which has come to Pakistan’s rescue 14 times since 1980, including most recently in 2013
WorldCall customers isolated as service halts after MM Alam road building fire
LAHORE: WorldCall Telecom Limited, which provides internet and digital/cable television services, has reportedly been inactive ever since a fire broke out in...
Govt ponders over setting up Business Advisory Council, says Asad Umar
ISLAMABAD: Federal Minister for Finance and Revenue, Asad Umar on Tuesday said the government was holding consultation for setting up the Business...
Pak exports surge by 22.54% in Aug 2018, overall by 5.05%
KARACHI: In the first two months of the current fiscal, the country’s export stood at $3.663 billion, up by 5.05 percent compared...
SECP opens facilitation center at Gwadar
ISLAMABAD: The registration of business is a primary requirement of investors and in order to meet this demand, the SECP has opened...
‘World less equipped to manage major financial crisis’, former IMF chief’s dire warning
Populism everywhere is the direct outcome of the 2008 financial crisis
The world is less well equipped to manage a major financial crisis...
Govt intent on ending tax incentives, impose wealth tax in the revised finance bill
ISLAMABAD: The government is planning to impose wealth tax on moveable assets to control the country’s budget deficit, and this might raise customs...