Caretaker government proposes minibudget
Cut in expenditure, additional regulatory duties on the cards
Pakistanis working and buying assets in UAE out of tax amnesty scope
The scheme is only applicable only to Pakistani residents obliged to register under the country’s law and pay tax on the purchase of foreign assets
Previous govt gave go-ahead to $1.6b incentives for oil refinery in Hub
Parco executives said a $5 billion investment would yield monetary benefits to the tune of $84 billion in shape of foreign currency savings on imports, a contribution of petroleum levy/sales tax and share in profit for the Pakistani government
Global foreign investment flows tumble on Trump’s tax reform, OECD says
OECD's study revealed global foreign direct investment outflows tumbled 44 percent to $136 billion in the first quarter of this year, from $242 billion in the previous quarter
China sanctions $2b loan for Pakistan to stem decline in forex reserves
The sources shared $1 billion had already been received in the SBP’s accounts and would be shown in the reserves data to be released next Thursday (August 2nd)
ACCA wins bid to develop public sector finance professionals in Pakistan
ISLAMABAD: The Association of Chartered Certified Accountants (ACCA) on Friday announced that it has been awarded a high-level project to develop a Professional Accreditation Programme...
CPEC major driver of FDI in Pakistan
ISLAMABAD: The multi-billion-dollar China-Pakistan Economic Corridor (CPEC) is an open initiative that welcomes private-sector players from China, Pakistan and third countries to...
May approach IMF to tackle country’s economic woes: Asad Umar
Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar on Friday said all options, including knocking on the doors of the International Monitoring Fund (IMF),...
KE obtains stay-order against NEPRA’s decision
KARACHI: K‐Electric (KEL) has obtained stay order against NEPRA’s decision of July 5 from the Sindh High Court (SHC), says a notice...
A narrow tax base to be the main challenge for next government: Moody’s
LAHORE: July 25 saw Pakistan transitioning into a democratic system for the second time in its 71 year history. The former government left...
Experts believe Dollar may further weaken against Rupee
KARACHI: A crackdown on illegal money exchanges during the last few months and a smooth supply to the Exchange Companies from the...
FBR suspends officer on misconduct in tax amnesty drive
ISLAMABAD: The Federal Board of Revenue (FBR) has suspended a BS-17 officer following an inquiry into an act of misconduct committed by...
Pakistan’s Imran Khan faces tough test in looming economic crisis
Pakistan’s central bank has devalued the currency four times since December, weakening the rupee by more than 20 percent, amid efforts to avert a balance of payments crisis in the $305 billion (£232.5 billion) economy
Rupee appreciates Rs1.10 per dollar in open market
On Thursday, the dollar was trading at around Rs128.90 in the kerb market opposed to Rs130 just before the elections
BMG leadership, KCCI office bearers cheer PTI’s victory in general election
KARACHI: The leadership of Businessmen Group (BMG) and Office Bearers of the Karachi Chamber of Commerce & Industry (KCCI) have extended hearty...