Garments industry appeals to end audit notices for timely tax refunds
According to an article in The Express Tribune, the garments industry in Pakistan is requesting an end to audit notices and instead,...
Punjab govt raises minimum wage to Rs32,000/month for unskilled workers
The caretaker government of Punjab has increased the minimum wage for unskilled workers from Rs25,000 to Rs32,000 per month, which is a...
Forex reserves decrease by $345m to $4.2b
The State Bank of Pakistan (SBP) announced that its foreign exchange reserves decreased by $354 million to $4.2 billion as of the...
‘IMF verifying external financing from China, UAE and Saudi Arabia’
State minister says all IMF agenda items have been met, no cause for worry at this point in time
FBR posts junior officer on a senior position
ISLAMABAD: The Federal Board of Revenue (FBR) posted Syed Shakeel Shah, a 20 grade officer to Director General, Intelligence and Investigation, a...
No bailout before agreement on Pakistan’s new fuel pricing scheme: IMF
Petroleum ministry given six weeks to work out pricing plan by govt which says resulting assumed prices would be Rs250 for “poor”, Rs352 for “rich”
Govt allocates sugar export quota to defaulter mills
ISLAMABAD: The federal government has allocated sugar export quota to mills that have defaulted on billions of rupees.
According to Profit’s sources, nine...
PM Shehbaz Sharif admits that politicians are responsible for the current “mess”
ISLAMABAD: On Tuesday while announcing the Rs 5 billion Ramzan Relief Packages, Rs 3.24 billion less than last year, Prime Minister acknowledged...
Default watch: Is the government giving up?
The government may have just given up on a deal with the IMF. The least they can do now is be honest
Why the govt’s petrol cross-subsidisation scheme is a logistical nightmare
Govt to introduce dual petrol rates; Affluent customers set to be charged Rs 100 more whilst low-income groups to be given Rs 100 discount
Sri Lanka seeks 10-year debt moratorium ahead of IMF bailout
COLOMBO: Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe's office said Monday on the eve of a...
PM constitutes committee for transferring DISCOs to provinces
DISCOs and thermal power plants caused national kitty a loss of Rs 292 b during FY22 alone
Default watch: Chinese bank may refinance $500m as Dar interrogated in Senate
Finance minister says materialisation of commitments made by ‘friendly countries’ with Islamabad remains “only delay” in resumption of stalled programme.
Deal with IMF just few days away: PM Shehbaz
Govt has now accepted even the toughest conditions set by IMF, PM says
FBR allows unlimited refunds on customs duty for businesses
The business community can now receive unlimited refunds on customs duty through the authority given by the Federal Board of Revenue (FBR)...