Naya minister, meet purani ministry

The minister is already inheriting the purani ministry and if he fails to come up with a strategy for raising revenue, he will be the same as the purana minister himself

Pakistani start-up Atoms secures $8.1m financing

Atoms, a Pakistani e-commerce brand and one of the trailblazers in the world of footwear, has raised $8.1 million from a list of illustrious...

Is Ernst & Young about to exit Pakistan?

Ernst & Young, the global accounting and professional services firm that goes by its brand name EY, is re-evaluating its relationship with its Pakistani...

Rupee tumbles down to 157 against the dollar, record interbank high

The Pakistani Rupee depreciated to Rs153.75/Rs154 during the early trading hours in the interbank market here on Friday

FBR rejects revising tax rates for non-filers withdrawing cash over Rs 50,000

ISLAMABAD: The Federal Board of Revenue (FBR) on Friday refuted reports regarding revising the tax rates for non-filers withdrawing cash worth over Rs 25,000. In a...

Budget 2019-20: Salaried class to pay more taxes under PTI govt

Tax reliefs for salaried class introduced by the PML-N government have been withdrawn by the PTI led government in the latest budget.

Rupee regains Rs1.42 interbank, nabs dollar hike

The local currency strengthens on the back of higher inflow of remittance due to Ramadan and the approaching festival of Eid

Descon CEO quits own company, becomes PM’s aide

LAHORE: Descon Engineering Limited's chairman, Abdul Razzaq Daud, today resigned from his own company to join the incoming government on the special request of...

Dearth of economic experts in Finance Ministry irks PM

‘There is not a single ministry official who holds a PhD degree in the field of economics and finance’ ‘Secretaries have mostly been...

PKR plunges to Rs164.06 against US dollar

Pakistani Rupee (PKR) continued with its declining trend on Thursday, as it depreciated by another Rs1.9 against the US Dollar (USD) in interbank session,...

PTI’s economic team to be largely Karachi-centric

The appointments of heads of key financial institutions are also expected to be from Karachi, the economic hub of the country.

SBP governor hints further devaluation of rupee

ISLAMABAD: As the experts have already expected a further decrease in the value of Pakistani currency against the dollar, the State Bank of Pakistan (SBP)...

Asad Umar considers massive privatisation drive via ‘wealth fund’

ISLAMABAD: Asad Umar, the man most likely to be the next finance minister of Pakistan, in an interview with the Financial Times, revealed that...

National Savings announces increased profit rates

The Central Directorate of National Savings (CDNS) today issued a notification that it has revised profit rates on different schemes, effective from September 1,...

BankIslami becomes victim of $6.5 million cyber-attack

Transactions of approximately $6 million as claimed by the international payment scheme have been denied by the bank.

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Bookings for Kia Picanto from next week

After introducing two of its vehicles in the Pakistani market, Kia Lucky Motors is all set to launch Kia Picanto for its customers. The company...

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Cotton production drops 26 percent amidst varying prices

KARACHI: Cotton crop arrivals at ginning factories hit a tailspin as output faces a shortfall of 0.664 million bales or 26.41 percent compared to...

ECC upholds ban on wheat export