FBR denies withholding sales tax refunds
ISLAMABAD
Federal Board of Revenue (FBR) has denied reports which claimed that the online transfer of Rs 23 billion sales tax refund to the exporters...
Auto sales up 21pc for July-May 2017-18
KARACHI: Total car sales have gone up by 21 per cent in the last eleven months of the current fiscal year with 201,134 units.
According to Pakistan...
OGDCL awards $2m worth pre-qualification contracts to offshore company
ISLAMABAD: Though the National Accountability Bureau (NAB) is in full swing against offshore companies, an offshore company has been found attempting to get $2...
PML-N govt ostensibly accepted ‘strict’ terms for LNG supply deal with Qatar: sources
ISLAMABAD: Initial scrutiny of the LNG supply deal between Qatar and Pakistan initiated by the incumbent minister for petroleum division Ghulam Sarwar Khan has...
Market Daily: Indices register gains as rupee tumbles
LAHORE: Stocks at Pakistan Stock Exchange (PSX) rebounded in the backdrop of 3 per cent Rupee depreciation against dollar here on Tuesday to close...
Pakistan reaches out to Saudis for bailout
ISLAMABAD:Â After a formal request, Pakistan is likely to get $2 billion worth petroleum products from Saudi Arabia on deferred payments for two years, sources...
PARC-JICA sign MoU to facilitate Balochistan’s agri sector Â
ISLAMABAD:Â Pakistan Agriculture Research Council (PARC) and Japan International Cooperation Agency (JICA) on Tuesday signed a memorandum of understanding (MoU) for the capacity building of...
Govt to present FY21 budget on June 12
ISLAMABAD: The federal government will present the federal budget for financial year 2020-21 before the National Assembly on June 12, sources said on Thursday,...
Over 24pc growth in gross revenue registered during Jul, Aug: FBR
ISLAMABAD
The Federal Board of Revenue (FBR) claims that over 24 per cent growth in collection of gross revenue has been registered in the first...
Shadow banking grows in Abid market, as conventional banks fail
Numerous shops in Abid Market that provide electronic products on instalments to interested consumers, charge markup rates as high as 30 to 40 per cent in some cases. However, despite such high markup rates, a large number of consumers daily flock to the market to buy electronics on instalments.
Central bank raises interest rate to 10.75%
The State Bank of Pakistan (SBP) on Friday increased the policy rate by 50 basis points, raising it to 10.75 per cent.
A SBP statement...
FrieslandCampina Engro posts Rs321m profit for third quarter
KARACHI:Â FrieslandCampina Engro Pakistan Limited (FCEPL) on Friday announced its financial results to the Pakistan Stock Exchange (PSX).
According to the results, FCEPL registered a profit...
PSX falls flat after volatile session
KARACHI:Â The Pakistan Stock Exchange (PSX) managed to close a volatile trading session on Thursday in the green zone. The indices that opened positively reversed...
Experts term budget 2018-19 as ‘non-conventional budget’
ISLAMABAD: This year the budget 2018-19 is non-conventional as compared to the last four year’s budgets, where the government presented a popular budget with an...
Market Daily: KSE 100 falls 605 points falling below 40k mark
LAHORE: In the aftermath of central bank increasing its policy rate ahead of a tense national vote to 7.5 per cent from 6.5 per...
