FBR fails to meet revenue collection target for FY18, results in Rs135 billion shortfall
On Sunday, the government revised the Foreign Assets (Declaration and Repatriation) Act, 2018 and the Voluntary Declaration of Domestic Assets Act to extend the amnesty schemes for offshore and domestic assets till July 31st of this month
Trucks, bus’s production posts 13.63 percent increase in July-May FY18
Production of trucks posted an increase of 20.27 percent to 8,544 units in July-May (2017-18) compared to the production of 7,104 units during the same period of last year
Hike in petroleum prices will make life difficult for masses, says FPCCI
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s President Ghazanfar Bilour has said the second hike in the petroleum...
Businessmen urged to avail benefits from amnesty scheme
LAHORE: Small and Medium Enterprises (SMEs) expert Rehmatullah Javed Sunday stressed the business community and wealthy people living in the country and...
Water shortage to hit crop targets, damage agriculture industry
ISLAMABAD:Â Severe water shortage in Pakistan is set to hit targets of major crops threatening the livelihoods of farming communities and highlighting the...
Football exports up by 10.64pc
ISLAMABAD: Export of footballs from Pakistan during July-May (2017-18) has increased by 10.64 per cent as compared to same months of the...
SBP celebrates 70 years of excellence amid acknowledgement from society
KARACHI: The State Bank of Pakistan (SBP) celebrated its 70 years’ anniversary on Sunday with a number of programs taking place simultaneously at the...
Economic woes push country to rely on collections from undeclared wealth
ISLAMABAD:Â The Federal Cabinet has approved a month's extension to the deadline for declaring domestic income and foreign assets. The Tax Amnesty Scheme,...
Iran to allow private sector to export oil, beat US sanctions
DUBAI: Iran will allow private companies to export crude oil, part of a strategy to counter US sanctions, and is urging fellow...
China lends $1 billion to Pakistan to boost dwindling forex reserves
In the first 10 months of FY18, China lent Pakistan $1.5 billion in bilateral loans and it also received $2.9 billion in commercial bank loans mostly from Chinese banks, ministry officials said
Stock market likely to remain lacklustre next week
The market is likely to remain lacklustre next week as investors are likely to focus on the outcome of the amnesty scheme beside possible political set up post elections, experts believe.
KSE-100 index shows worst fiscal year performance since FY09
The market started off the month of June 2018 on a good note amid successful formation of caretaker setup in country and ease-off in global politics.
Looming price risk to restrain cement sector performance despite strong demand
The cement sector is likely to face a bumpy ride ahead as the increase in supply-side concerns including creeping in gradual new supply has been restraining sector performance despite strong demand.
China’s yuan staring at worst month ever as trade war threatens to knock economy
The yuan was set for its biggest monthly fall on record. Chinese stocks, on a downward spiral since late January, were also poised for their largest monthly slide since January 2016
Dollar weakens by Rs1 against local currency in kerb market
On Thursday, the rupee remained stable against the dollar in inter-bank trading at Rs121.54 and has remained largely unchanged since last week