SBP revises FE-25 Export Loans Policy
The existing foreign exchange regulations allow authorised dealers (banks) to use foreign currency deposits for extending foreign currency trade loan facility to...
$1.315b borrowed in foreign loans in July-April 2016-17
In order for the government to maintain foreign currency reserves at a historic high, the federal government has borrowed $1.315b from foreign...
Senate suggests Rs 480b circular debt probe be handed over to NAB, FIA
A sub-committee of the Senate Standing Committee of Finance that had been engaged in reviewing the soaring Rs480b circular debt has highlighted...
Dar directs FBR to soften the approach to taxpayers
Finance Minister Ishaq Dar has directed the tax mandarins to lessen the harassment of taxpayers during the raids and advised maximum facilitation...
FBR likely to introduce 3rd tier taxation for cigarettes
Federal Board of Revenue (FBR) has reportedly approved the draft to introduce 3rd taxation tier for Pakistan’s tobacco industry. FBR is hoping...
Chinese investors show interest for investment in Pakistan
A Chinese delegation led by Fang Song Bin, Chairman, Shenzhen Domhke Group Co Ltd visited the Board of Investment (BoI) and met...
Federal govt to reduce share of provinces under NFC award
The federal government is likely to slash the revenue shares of the provinces under National Finance Commission (NFC) award following Federal Board...
Business plan worth Rs 32b drafted for revival of PSM
Sources in the Ministry of Industries and Production are reported to have informed that Business Development Committee (BDC) of PSM Board of...
FBR suggests 25pc hike in minimum tax on firms, individuals
In order for the Federal Board of Revenue (FBR) to meet its tax collection targets, the board has tabled a proposal to...
The May pun and Yayvo Shopping Day
Amidst an expected shopping rush and price-hikes in the upcoming month of Ramzan, the e-commerce industry comes together to the rescue by...
Steel imports increase as PSM stands frozen
The surge in steel demand led by the economic growth and construction activities stemming from the onset of China-Pakistan Economic Corridor (CPEC),...
About time to bring tourism investments in Pakistan: MD PTDC
Managing Director (MD) of Pakistan Tourism Development Corporation (PTDC) Chaudhry Abdul Ghafoor, on the 2nd day of his visit to Kuwait, participated...
Moody’s predicts strong growth, reduced fiscal deficit for Pakistan
As per Moody's Investors Service, Pakistan shows a strong growth performance, fiscal deficit reduction and improved inflation dynamics underpin the government of Pakistan’s...
Rising gas imports likely to increase pressure on forex reserves
The government is increasingly relying on gas imports to meet energy needs of various sectors, as a slowdown is witnessed in oil...
KSE-100 jumps over 1000 points following expectations of MSCI review
The upcoming MSCI review and Pakistan’s reclassification as an emerging market has caused the KSE-100 Index to jump over 1,000 points in...