FBR issues Rs8.741bn sales tax refunds to export-oriented sectors

ISLAMABAD: The Federal Board of Revenue has asked the State Bank of Pakistan to release Rs8,741 million worth sales tax refunds to export-oriented...

Asad Umar lauds overseas investors’ contributions, assures redressal of woes

FM says the benefits of revised economic strategy would become visible in next six to nine months KARACHI: Finance Minister Asad Umar on...

Naqvi shouldn’t be blamed for Abraaj’s disintegration, says lawyer

Mr Naqvi’s lawyer Habib Al Mulla, executive chairman of Baker & McKenzie said the Abraaj scandal had inflicted “some damage” to Dubai’s reputation and raised fingers at the local regulators including DFSA

‘Work on Naulong Dam to commence within two months’

ISLAMABAD: The Senate’s Standing Committee on Water Resources on Friday informed that work on the Naulong Dam in district Jhal Magsi, Balochistan, will...

Overseas Pakistanis remit $7.4bn in four months

Overseas Pakistani workers remitted $7419.98 million in the first four months (July to October) of Financial Year 2018-19 (FY19), as compared to...

FBR collects data of 96,000 Pakistanis with foreign accounts: NA told

ISLAMABAD: Minister of State for Finance, Revenue and Economic Affairs Hammad Azhar on Friday informed the National Assembly that the Federal Board of Revenue...

Pakistan to brief IMF on wealth fund for state-owned institutions

ISLAMABAD: The economic managers of Pakistan Tehreek-e-Insaf (PTI) will brief the visiting delegation of International Monetary Fund (IMF) on the proposed wealth fund...

Pakistan, S Korea agree to enhance economic cooperation

ISLAMABAD: Pakistan and Republic of Korea (RoK) have agreed in principle the need for high-level visits from RoK to Pakistan in order to...

SBP reserves decrease by 98m, stand at 7.6bn

KARACHI: State Bank of Pakistan (SBP) on Thursday said the total liquid foreign reserves held by the country stood at $14,068.1 million as...

Senators call for reduction in gas, electricity prices

Opp senators demand details of PM’s visit to Saudi, China ISLAMABAD: The senators on Thursday called for effective measures to bring down prices...

FM Queshi ignores D-8 Council’s meeting for China

'Govt had not nominated anyone from key federal ministers to attend the meeting in Turkey' ISLAMABAD: Foreign Minister Shah Mehmood Qureshi preferred visiting...

Pakistani officials leave for China to finalise relief package

ISLAMABAD: A high-level delegation from Pakistan left for China to finalise a potential relief package to inject in the country, sources said on...

Special Secretary Noor Ahmed transferred from Finance Division

Finance Division Special Secretary Noor Ahmed has been transferred to the Economic Affairs Division, it was learnt on Wednesday. According to a notification...

CAA procures radars worth Rs1.1bn without ECNEC’s approval

ISLAMABAD: The Civil Aviation Authority has procured four radars worth Rs1.1 billion without the approval of the Executive Committee of the National Economic...

Mission accomplished in China, FM Qureshi tells Senate

ISLAMABAD: Addressing the upper house of the parliament on motions moved by Senator Leader of Opposition Raja Muhamad Zafarul Haque, Foreign Minister Shah...