FBR chairman says amnesty scheme last chance to legalise undeclared assets
ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Tariq Mahmood Pasha, visited the Islamabad Chamber of Commerce and Industry (ICCI) and urged upon...
SECP notifies FATF compliant AML, CFT regulations
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) notified the Anti Money Laundering and Countering Financing of Terrorism Regulations, 2018. The...
Current account deficit clocks up at $15.9b
KARACHI: The current account deficit in the first 11 months of 2017-18 has amounted to $15.9 billion, up 43.2 per cent from the previous year.
According...
Foreign investment takes a dip, down 26.2 per cent
According to data released by the State Bank of Pakistan (SBP) on Wednesday, the country attracted FDI of $237.9 million in May, down 26.2 per cent from $322.7 million in the same month of the preceding year.
Finance minister, FBR discuss tax amnesty scheme, revenue generation
The minister urged the FBR to come up with measures to simplify returns filing, automated processes to enhance revenue generation.
KCCI president concerned over continuous rupee devaluation
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Muffasar Atta Malik, while expressing deep concerns over the continuous devaluation of rupee against...
ADFG’s unit offers to buy Abraaj’s interest in limited partnerships
ADCM, an ADFG entity based in the Cayman Islands, wants to become the General Partner of the LPs, which have committed money to Abraaj’s various private equity funds
China to extend support through short term loans
It was earlier rumoured that the caretaker government would opt for a bailout from the International Monetary Fund (IMF), however, after the caretaker setup denied such plans, Pakistan is likely to rely on short-term loans from China till the next government takes charge.
Rupee likely to fall below 125 to dollar after Eid
The rupee’s approximately 4 per cent drop against the dollar last week, from 115.63 on Monday to 121.39 by the close on Thursday, once again rattled the currency market amid renewed fears of inflation and a Balance of Payments (BoP) crisis.
Ally betrays Arif Naqvi, behind lawsuit against Abraaj
The UAE-based Jafar family, which controls a Sharjah-based congolmerate, had deep ties with Naqvi and the petition points to further cracks at Abraaj
Local petroleum production up by 12.98pc in ten months
ISLAMABAD: The production of petroleum products witnessed 12.98 per cent increase during the first ten months (July-April) of the current fiscal year...
Weekly inflation goes up by 1.71pc
ISLAMABAD: The weekly inflation for the week ended on June 13, for the combined income group witnessed an increase of 1.71 per...
How Arif Naqvi’s fall from grace put Abraaj on brink of bankruptcy
Abraaj filed a petition in the Cayman Islands, requesting the court to appoint PwC as their provisional liquidator
Budget deficit widens to Rs2.1 trillion during July-May FY18
The finance ministry officials quoting estimates said during April and May 2018, the budget deficit widened Rs617 billion or 1.8 percent of GDP
SBP injects Rs720bn into the market
KARACHI: The State Bank of Pakistan (SBP) on Wednesday injected into the money market Rs120 billion for one day and Rs1,600 billion...