Govt to finally table Geographical Indication Bill in NA

The government has finally decided to table Geographical Indication (GI) Bill in the National Assembly to protect ownership rights of goods produced in the...

Senior FBR officials incur Rs109mn expenditure in violation of monetisation policy

ISLAMABAD: Atleast 20 senior officials of Federal Board of Revenue (FBR) are violating the monetisation of the transport facility for civil servants, it was...

Is Bitcoin creator a Pakistani?

A British-Pakistani entrepreneur named Bilal Khalid, now known as James Caan, has recently claimed that he was in fact Satoshi Nakamoto, the man behind...

FBR envisions expanding sales tax net to 400,000 people in three years

ISLAMABAD: The Federal Board of Revenue (FBR) has set a target to increase sales tax base up to 400,000 people in the next three years...

FBR to tighten noose on smuggled goods from 1st

ISLAMABAD: As per the instructions of Federal Board of Revenue (FBR) Chairman Shabbar Zaidi, the board has initiated a phased programme to combat the sale...

Trade deficit shrinks 29pc in July

The trade deficit has contracted by 29pc in the first month of this fiscal year, with the government claiming this fall represents their move...

Pakistan’s trade balance improves 19pc in one year

ISLAMABAD: Pakistan trade balance has improved by 19pc, as the deficit declined from $37.6 billion to $30.6 billion during the last fiscal year. "The country's...

HBL becomes first bank to offer credit cards through mobile app

HBL has now become the first bank in Pakistan to offer credit cards through its mobile app. According to details shared by the bank, the...

SBP reserves jump $535m to $8.26bn

ISLAMABAD: After receiving inflows of $500 million from the Asian Development Bank (ADB), the country's total liquid foreign reserves stood at $15,577 million as on...

Big industry shrinks for first time in a decade

For the first time in a decade, the Large-scale manufacturing sector shrunk by as much as 3.6% in the fiscal year 2018-19, the Pakistan...

IMF deal, reduced imports, increased number of tax filers among major wins for PTI

---Finance ministry claims presenting budget 2019-20 with pro-poor expenditure through different programmes as govt's achievements ISLAMABAD: As the Pakistan Tehreek-e-Insaf (PTI) led government completes its...

Power sector witnesses Rs121bn increase in revenues

'Govt envisions increasing the share of renewable energy to 20pc by 2025' ISLAMABAD: The power sector revenues have witnessed a significant increase of Rs121 billion...

Dollar surges to Rs158.9, gold reaches Rs88,400 per tola

The US Dollar gained 51 paisa in the interbank market and was traded at Rs158.95 when compared to the last closing of Rs158.44, State...

Deadline for filing sales tax, FED extended till 23rd

ISLAMABAD: The Federal Board of Revenue on Friday extended the date for submission of sales tax and federal excise duty (FED) returns for the month of July...

Standard Chartered faces fine for sanctions breaches: report

Banking group Standard Chartered is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday. Britain’s Office of Financial Sanctions Implementation,...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

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India proposes ban on e-cigarettes, with jail terms for offenders

NEW DELHI: India’s health ministry has proposed a ban on the production and import of electronic cigarettes, documents seen by Reuters showed, potentially jeopardizing...

PIA hikes UAE fares