FBR declines to reveal details of cash rewards paid to officers

Islamabad: Federal Board of Revenue (FBR) has outrightly declined to share details about amount paid as cash rewards to its officers for...

Dar’s replacement no longer on cards

ISLAMABAD: As opposed to earlier reports of  Miftah Ismail being mulled to replace Finance Minister Ishaq Dar, the  switch appears unlikely. Despite...

Dollar rate increases in open market following rumours of rupee devaluation

KARACHI: The ongoing political situation in the country has increased the open-market dollar rate to Rs 107.50. On the other hand, SBP Foreign...

Currency circulation rose despite imposition of WHT on banking transactions, says: SBP

Karachi: The enforcement of withholding tax on banking transactions hasn’t prevented the cash economy from flourishing, said State Bank of Pakistan in...

Pakistan’s tax to GDP ratio fell to 12.5pc during FY 2016-17

Karachi: State Bank of Pakistan released its “State of Economy” annual report which cited that the country’s tax to GDP ratio was...

Railways finalizes plans for upgrading railways tracks

Islamabad: Pakistan Railways has finalised arrangements for the upgrade and construction of more than 50,000 kilometres of tracks across the country on...

IRSA issues warning of higher water scarcity during current Rabi season

Islamabad: Compounding fears of a worsening water shortage, Indus River System Authority (IRSA) on Thursday warned of higher water scarcity during the...

Senators demand Dar’s resignation due to Pakistan’s economy being in peril

Islamabad: Finance Minister Ishaq Dar’s position is becoming untenable as opposition senators voiced their ire and demanded his resignation due to a...

SBP forex reserves decline 0.50pc to touch $13,787.9m

Karachi: Decline in foreign exchange reserves continued for the fourth consecutive week as reserves held by State Bank of Pakistan (SBP) touched...

Next stage of CPEC begins, as priorities shift towards industrial parks

Islamabad: After completing work on early harvest energy projects, China-Pakistan Economic Corridor is taking the next step towards finalizing recommendations coming Tuesday...

SBP directs money changers to ensure 1pc reduction in open-market rate of dollar

Karachi: State Bank of Pakistan on Thursday held a meeting at its headquarters with money changers and directed them bring to reduce...

Total exports increase by 10.84% in July-Sept 2017-18, down by 10.24% YoY

--Trade deficit surged by 29.75% in July-Sept this year KARACHI: The country’s exports surged by 10.84 per cent to $ 5.172 billion during...

Too many regulators spoil FDI: OICCI

--Overhaul in tax policy, implementation of IP rights law, change in perception necessary for investment growth LAHORE: Overseas Investors Chamber of Commerce and...

Planning commission seeks stakeholder’s advice for re-prioritization of projects

Islamabad: Planning Commission (PC) on Wednesday said it is seeking advice from foreign and local stakeholders to reprioritize development projects of absolute...

Italian business community exploring business opportunities in Pakistan

Islamabad: Italian Ambassador to Pakistan Stefano Pontecorvo said on Wednesday that there was growing interest among the Italian business community to explore...