Slashed by Rs 41? No change at all? What could happen going into this week’s fortnightly fuel pricing decision
Fuel prices are set to be assessed in the coming days. And while a significant reduction is possible, it might not happen for a number of reasons.
Pakistan, UAE company, all set to sign 25-year concession agreement for terminal’s operations on Karachi Port
ISLAMABAD: Pakistan is on the verge of signing a 25-year concession agreement with Abu Dhabi Ports, a UAE-based company, to operate the...
Rs 3.126tr added to Pakistan’s total debt in first two months of FY24 :SBP
ISLAMABAD: The Federal government's total debt surged by Rs 3.126 trillion to Rs 63.966 trillion between Jul-Aug, of the current fiscal.
According to...
Govt raises Rs 557bn in short-term debt against target of Rs 600bn
Cut-off yields for the three-month, six-month and 12-month T-bills stood at 22.5%, 22.85%, and 22.84%, respectively.
Privatisation Minister meets World Bank rep
ISLAMABAD: The Federal Minister for Privatisation, Fawad Hasan Fawad has commented that the Pakistan International Airline (PIA) has emerged as the foremost...
Pakistan tightens control around Afghan Transit Trade; but why now?
Bans, processing fees, increased checks and bank guarantees slapped on Afghan imports
SECP unveils standardized constitutive documents for registration of private funds
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has taken a significant stride towards streamlining and expediting the registration process of...
Govt plans to raise taxes on retail, agriculture, real estate
ISLAMABAD: The Federal government has planned to raise taxes on retail, agriculture, and real estate sectors. Alongside a wealth tax on movable...
SECP introduces Shariah Governance Framework 2023
ISLAMABAD: In a stride towards enhancing the regulatory landscape of Islamic finance, the Securities and Exchange Commission of Pakistan (SECP) has unveiled...
Govt forms cabinet committee on SOEs to improve the performance of loss making companies
ISLAMABAD: Caretaker Federal Finance Minister Dr. Shamshad Akhtar has said that the federal government has formed a cabinet committee on State Owned...
FTO asks FBR to address deficiencies in valuation of real estate
ISLAMABAD: while concluding its investigation, the Federal Tax Ombudsman has recommended FBR to remain vigilant with regard to prevailing market prices in...
Tax department registers FIR against money laundering solar panels import
Senate Standing Committee on Finance directs FBR to take strict action against the offenders under the Anti Money Laundering Act
FBR plans crackdown against cash transactions in real estate
Buying real estate worth more than Rs 5mn using cash or a bearer cheque will be subject to a penalty equal to 5% of the property's value
Caretaker PM approves transfer of Sugar Advisory Board’s control back to Industries & Production Ministry
ISLAMABAD: The caretaker prime minister, Anwaar-ul-Haq Kakar, has granted his approval for the Sugar Advisory Board to be handed over to the...
Industry on edge as new proposition suggests 24-hour clearing period for stock trades
The clearinghouse is looking to change the settlement time before changing the infrastructure