Uber in talks with Careem to acquire majority stake: Report
In January, it was reported Careem was contemplating an initial public offering (IPO) by 2019
FBR amassed Rs1.7 trillion from income taxes at import stage in FY18
Total collection for FY18 was 14.2 percent higher than previous FY17 and the country’s tax-to-gross domestic product marginally rose to 11.1 percent, which was lower than the target set
Exports from Azerbaijan to China can be carried out within CPEC project
Exports of Azerbaijani goods amounted to $433.8 million (3.21 percent of total exports), while imports of Chinese products to Azerbaijan reached $854.5 million (9.73 percent of total imports)
Vintage cars exempt from import tax, to be taxed at $5,000 flat
Under the proposed rules taxation will not vary according to the engine capacity of the car but will be imported at a fixed rate of $5,000 per unit.
NEPRA increases power tariff by Rs1.22/unit
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has jacked up electricity tariff by Rs1.22 per unit on account of monthly fuel...
Emirates announces one-off A380 service into Pakistan
KARACHI: Emirates, the world’s largest international airline, announced that it will deploy a one-off A380 service to Islamabad on 8 July 2018....
PACRA upgrades IFS rating of Pak-Qatar Family Takaful to A+
KARACHI: The Pakistan Credit Rating Agency (PACRA) has upgraded the IFS rating of Pak-Qatar Family Takaful Limited from 'A' to 'A+' with...
Senate special committee on circular debt calls for alternative energy sector facilitation
ISLAMABAD: The Senate Special Committee on circular debt held a meeting on Tuesday to discuss the situation that has been caused due to the...
FATF’s decision to grey listing Pakistan a political move: PEW
EW President Dr Murtaza Mughal in a statement said that the decision has little to do with terror financing while everything to do with Pakistan’s Afghan policy
Pakistan’s mounting external debt leaves limited window to counter risks: Fitch Ratings
LAHORE: Pakistan’s burgeoning external financing risks are further being added to by a declining foreign exchange reserve and a mounting current account...
Market Daily: PSX slips further, settles 169.63 points lower
The KSE 100 depreciated by 0.41 per cent and touched an intraday low of 41,513.95. The index finally settled lower by 169.63 points at 41,564.42.
National Savings shares revised profit rates for savings schemes
LAHORE: National Savings, in a statement issued on July 2 (today), announced the revised profit rates for the National Savings Schemes (NSS).
The...
PTI highly likely to form federal govt, says Topline Securities
Pakistan KSE-100 index to go as high as 48,000 in case of PTI led government. While the index may go up to 50,000 if PML-N leads.
PEW lauds decision to extend amnesty scheme deadline
ISLAMABAD: The Pakistan Economy Watch (PEW) on Monday lauded the decision of the caretaker government to extend the deadline of the tax...
Govt to collect around Rs100bn from masses in July after a Rs14/liter POL price hike
The caretaker government will collect almost Rs100 billion from the masses in the month of July 2018 after a decision to raise the price of petroleum products (POL) by Rs14 per litre.