FBR collected Rs3.274 trillion in taxes during July-May FY18
During the five-year tenure of PML-N, the revenue collection almost doubled from Rs1.946 trillion when it took power in June 2013
Govt approves removal of Neelum-Jhelum surcharge from COD date
The outgoing government gave go-ahead to exemption from income tax on profits and gains of prevailing businesses carried out by people in Fata and Pata for next five years
Suzuki set to jack-up car prices by Rs20,000 to Rs30,000
The increase is being attributed to a weakening Pakistani rupee and this marks the third time since January this year when Suzuki hiked the prices for its cars
Mangla refurbishment work to complete by 2023, increase power generation by 35 percent
Pakistan’s generation capacity will stand at around 35,000MW by 2019; of which 14,000MW would be generated through GE equipment
Tax revenues rose 106 percent during PML-N’s five-year tenure
Corporate tax rates decreased from 35 percent to 30 percent in last five years and it is slated to fall further to 25 percent by the tax year 2023
Foreign reserves fall to record low of $10.03 billion
During the week ending May 25, 2018, foreign exchange reserves held by the State Bank of Pakistan (SBP) shrunk by $286.4 million to $10.03 billion, down 2.7 per cent.
IMF bailout looms for Pakistan as debt surge raises alarm
By Kamran Haider and Faseeh Mangi
Nation’s financing needs is the highest in emerging markets; At least $9.5b foreign debt to be raised in next fiscal year
For...
ECC extends PM’s export package for next three years
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired by Prime Minister Shahid Khaqan Abbasi Wednesday approved the extension of Prime...
Market Daily: KSE 100 drops as political temperatures set to rise
LAHORE: The Pakistan Stock Exchange (PSX) ended a range bound session in the red. With just one more day left for the...
PML-N’s performance review contrary to claims
High fiscal slippage, falling reserves, and rising debt major threat to the economy.
Another round of urea price hike expected from June
LAHORE:Â It has been learnt that another round of escalated urea prices is expected to kick off starting June, following the federal cash...
Cost effective gas supply ensured for all consumers : PM
ISLAMABAD: Prime Minister Shahid Khaqan Abbassi has said that the government has ensured cost-effective and efficient supply of gas to all the...
Former KASB Bank sponsors submit objections to SBP
State Bank of Pakistan (SBP) used its regulatory powers under Section 47 of the Banking Companies Ordinance 1962 to merge KASB Bank with and into BankIslami Pakistan Ltd (BIPL) in May 2015 at a token price of Rs1,000 on the basis of the valuation conducted by the audit firm.
China slams surprise U.S. trade announcement says ready to fight
The U.S said on Tuesday that it still held the threat of imposing tariffs on $50 billion of imports from China and would use it unless Beijing addressed the issue of theft of American intellectual property
Circular debt in power sector touches Rs573 billion
Joint secretary disclosed the government was extending a subsidy of Rs52.2 billion to Azad Jammu and Kashmir, Rs14.2 billion to the Federally Administered Tribal Areas (Fata), Rs31.4 billion to the industrial sector and was providing 650 megawatts of electricity to K-Electric