IMF urges Pakistan to expand tax net
ISLAMABAD: The Pakistan government has been urged by the International Monetary Fund (IMF) to formulate a stringent taxation strategy in order to...
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...
NCPL posts profit of Rs3.406 billion in FY18
The decline in net sales was attributed to the lower level of dispatches, down 30 percent YoY, however, furnace oil had undergone an increase of 27 percent YoY.
Govt tightens the noose on Pakistanis with properties abroad
ISLAMABAD:Â The government has decided to send notices to 300-400 Pakistanis holding properties abroad.
According to sources, out of the 2,700 overseas Pakistanis with...
FBR sends notices to 100 tax defaulters
ISLAMABAD:Â After getting a nod from the federal cabinet, the Federal Board of Revenue (FBR) has dispatched notices to the residential addresses of...
Govt’s debt situation laid bare by Economic Affairs Division
PTI government takes no commercial loans during August 2019
ISLAMABAD: The Pakistan government’s debt situation was laid bare by the release of data...
PSX drops 58 points amid uncertain economic situation
LAHORE: Amid lack of clarity on economic issues by the new government, investors continued their wait and see approach. The KSE 100...
Pakistan seeks IMF’s assessment for next bailout package
ISLAMABAD:Â While officials from the Ministry of Finance deny any talks with the visiting International Monetary Fund (IMF) team regarding any new bailout...
Saudi fund to provide $16mn in grants for infrastructure, health, education
ISLAMABAD:Â The Saudi Fund for Development (SFD) will provide $16 million in grants to Pakistan in infrastructure, health and education sectors.
Officials informed that...
State bank may increase 100bps in discount rate to 8.50pc
KARACHI: The central bank may increase 100 basis points to 8.50 per cent in its discount rates in the monetary policy meeting...
Pakistan, Russia sign $10bn energy deal
ISLAMABAD:Â Pakistan and Russia have formally signed a Memorandum of Understanding (MoU) on Thursday in Moscow for the construction of an offshore gas...
SBP’s reserves decrease by $293mn
The total liquid foreign reserves held by the country stood at $15,521.5 million as on 9 September 2018.
Foreign reserves held by the...
SBP issues banking sector’s half-yearly performance review
KARACHI: The State Bank of Pakistan (SBP) has issued the Half-Yearly Performance Review (HPR) of the Banking Sector for the 1st half...
Date for filing returns not extended, says FBR
ISLAMABAD:Â No decision has been taken so far to extend the date for filing income tax returns, an official from the Federal Board...
SoftBank to raise $100 billion fund every 2-3 years, spend $50 billion annually
TOKYO: SoftBank Group Corp plans to create a new $100 billion fund every two to three years and spend $50 billion annually,...