Tax amnesty scheme results in Rs115 billion tax collection
The FBR has fetched Rs97 billion from these declarants, of which Rs36 billion have been retrieved on overseas assets, Rs61 billion on domestic assets and $40 million has been repatriated
U.S.’ Pompeo warns against IMF bailout for Pakistan that aids China
Pakistan has had 14 IMF financing programs since 1980, according to fund data, including a $6.7 billion three-year loan program in 2013
NEPRA blames previous govt for power underutilisation in industry report
ISLAMABAD: The failure of the power ministry to efficiently utilise new power plants developed under the leadership of the previous government has...
Market Daily: Investor interest on the rise, KSE-100 up 770 points
The KSE-100 index jumped 818.59 points in the session to touch 43,605.04 and closed the session higher by 770.18 points at 43,556.63.
Imran Khan’s Pakistan vision is beyond reach
A plan to increase welfare spending more than four-fold is unlikely to be implemented if Pakistan seeks support from the International Monetary Fund
UK drafts legislation, compelling offshore entities to reveal real owners of properties
According to the legislation, individuals illegally profiting from properties they own in the UK would be jailed for five years
Nepra saddled by additional Rs112 billion circular debt in FY17
The report stated capacity payments to private power companies stood at Rs280 billion in FY16, rising to Rs350 billion in FY17 and Rs490 billion in FY18 respectively
Iran’s rial extends record fall as U.S. sanctions loom
The rial has lost about half of its value since April because of a weak economy, financial difficulties at local banks and heavy demand for dollars among Iranians who fear the effects of sanctions
Naya minister, meet purani ministry
The minister is already inheriting the purani ministry and if he fails to come up with a strategy for raising revenue, he will be the same as the purana minister himself
Pakistan seeks record IMF bailout of $10-12 billion: Financial Times
According to Western analysts, the local currency is still overvalued and needs to further depreciate by 10 percent
$4.5b credit financing facility extended by IDB to boost oil imports
During the last financial year 2017-18, the ITFC had extended four facilities for crude oil imports valuing at $870 million, according to EAD statistics
Declarations to whiten domestic, foreign assets gain momentum after elections
Since July 1, FBR has received more than 2,500 declarations until July 27. The number of declared assets was also not significant. The declarants have paid around Rs11 billion in taxes so far this month
Expedite setting up of Exim Bank, demands UNISAME
KARACHI: The Union of Small and Medium Enterprises (UNISAME) has urged Tariq Bajwa, the governor of State Bank of Pakistan (SBP) to...
Women entrepreneurs to unconditionally support PTI
ISLAMABAD: Islamabad Women's Chamber of Commerce and Industry (IWCCI) founder President Samina Fazilon Sunday said women have pinned high hopes on the incoming...
Tractor production increases 15.44pc, reaches 67,371 units
ISLAMABAD: The domestic production of tractors during the first eleven months of the financial year 2017-18 registered over 36.61 per cent growth...