Pakistan, Switzerland to sign agreement on exchange of bank accounts data

Finance Minister Ishaq Dar in a policy statement in the National Assembly on Wednesday has said that  Pakistan will soon be signing an agreement...

Power ministry resorts to additional subsidy as circular debt mounts

With energy companies facing a looming default crisis and warning the government of invoking sovereign guarantees, the  Ministry of Water and Power has resorted...

Public sector companies accumulate Rs 833b in debt & liabilty

The State Bank of Pakistan Bulletin for the current month shows that the public-sector enterprises have been accumulating debt to alarming levels increasing 36.7pc...

FPCCI seeks permanent market for kinnow in Iran

Federation of Pakistan Chambers of Commerce & Industry’s (FPCCI) Regional Standing Committee on Horticulture has urged concerned authorities to help turning the existent two month’s arrangement of...

CPEC Tower to be built in Islamabad

Decision has been reached to build the CPEC Tower in the city. The tower will be the tallest building in the city and serve...

SECP comes down hard on in-house badla financing

Secutities and Exchange Commission  of Pakistan (SECP) has come down hard on the illegal practice of in-house badla financing and it has been confirmed...

Govt should take steps to boost export of halal meat

 The total global market for kosher (halal) meat and beef is worth $2.97 billion. The share of Pakistan is only $33 million or 8...

Real estate projects to require SECP approval

In the wake of the real estate sector in Pakistan suffering from challenges such as weak investor confidence, unfair business practices, lack of transparency...

Rise in petroleum prices likely to raise cost of doing business

Representatives of industrial and export-oriented value addition sector of the country fear that the rise in petroleum prices is going to raise costs of...

SECP reports M R Securities to int’l securities regulators

The Securities and Exchange Commission of Pakistan (SECP) has reported a local stockbroker, M R Securities alleged of financial fraud, to international securities regulators...

PSX receives Rs 8.96b from sale of 40pc equity stake

The Pakistan Stock Exchange (PSX) has received Rs8.96 billion from the Chinese consortium as a result of the sale of 40 pc equity stake...

Six Pakistani companies to be listed on FTSE

Six Pakistani companies are soon going to be listed on Financial Times Stock Exchange’s (FTSE) Global Equity Index, local media has reported. These companies, registered...

FBR agrees to stop raiding taxpayers

The Federal Board of Revenue (FBR) has agreed to stop raiding businesses and industries which are in the tax net at the behest of...

E-commerce still a distant dream

Despite tall claims of the government to tap fast growing domestic and international digital trade, it is yet to show visible progress on the...

SECP committee to present recommendations on extending finance to capital market

The committee constituted by the Securities and Exchange Commission of Pakistan (SECP) to submit recommendations for extending financing to the capital market and review...

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FBR extends deadline to file tax returns

The Federal Board of Revenue (FBR) on Friday extended the last date for submission of sales tax and federal excise duty for the tax...

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Provincial authorities meet IMF officials for tax issues

ISLAMABAD: Provincial tax authorities have informed the International Monetary Fund (IMF) that the federation and provinces can resolve their taxation related issues within the...