Gender-based bank loans to help empower women
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Ghazanfar Bilour has said that we are dedicated to promoting...
Rice exports record $1,889b, up by 29.15pc from last year
ISLAMABAD: An increase of 29.15 per cent in rice exports was registered during 11 months of the current fiscal year as about...
Furniture manufacturers demand tax exemptions until 2025
ISLAMABAD: The Pakistan Furniture Council (PFC) Sunday urged the federal government to declare the furniture industry, a tax free sector till 2025...
Power Cement completes financing for new plant
One of Pakistan’s leading cement producers, Power Cement Ltd has completed the financing arrangements of Rs24.9 billion ($205 million) for the 2.5Mta...
Amnesty Scheme 2018: New legislation worldwide to result in confiscation of foreign funds, warns FBR chief
ederal Board of Revenue (FBR) Chairman Tariq Mehmood Pasha, while highlighting the problems likely to be faced if anyone chooses not to declare foreign assets under Amnesty Scheme
Indices bleed as external pressure mounts
Negative news regarding mounting Current Account Deficit and downgrade in credit outlook by Moody’s kept market under pressure during the week as index lost 5 per cent, closing at 41,637.
SC asks govt to reevaluate process of levying taxes on POL products
The Chairmen of Oil and Gas Regulatory Authority (Ogra), Federal Board of Revenue (FBR) and MD Pakistani State Oil (PSO) were instructed to provide reports about a fresh formula for the correct fixing of prices for POL products in a span of ten days
FBR hopeful of retrieving $3-4 billion under tax amnesty scheme
The FBR spokesman shared the response to the tax amnesty scheme had been overwhelming but said the last date of June 30th for declaring assets would not be extended
Pakistani’s sent an astounding $15.253 billion overseas in FY17: SC
The committee observed during FY17, a major amount of transfers were carried out from Pakistan via the illegal Hawala and Hundi mechanisms
Govt notifies revised oil licensing and fee structuring rules
The dispute had raged on since an out-of-court settlement was reached in June last year between Ogra and Oil Companies Advisory Council (OCAC) over the licensing and fee structure conditions
Private sector credit posts 4.25pc growth during July-Jun FY18: SBP
Islamic Bank lending growth plunged 45 percent, touching Rs72.650 billion during the period under review compared to Rs132.07 billion in the corresponding period of last year
FBR retrieves Rs970 million in pending tax amount from PIA
Tax officials shared PIA was a tax defaulter of Rs2.5 billion for two months under the category of federal excise duty (FED) collected from passengers on air tickets
Inflation set to trigger June onwards, experts believe
LAHORE:Â Three major trigger points are likely to push the June Consumer Price Index (CPI) that is expected to pick up the pace...
Finance ministry reviews matters related to FATF meetings
ISLAMABAD: The Finance Minister, Dr Shamshad Akhtar, in the wake of Financial Action Task Force (FATF) Plenary meeting in Paris, here on Friday chaired a meeting...
Pakistan to start receiving information on offshore accounts in SeptemberÂ
ISLAMABAD:Â Pakistan is poised to receive information about offshore financial accounts in September 2018. This was stated by the spokesperson and member policy...