FBR finds Hascol Petroleum involved in tax fraud of Rs3.9 billion

---Hascol denies allegations of wrongdoingISLAMABAD: Hascol Petroleum Limited, a company engaged in the purchase, storage and sale of petroleum products, is committing tax fraud...

FBR officials may challenge Shabbar Zaidi’s appointment as chairman

ISLAMABAD: The appointment of "a tax expert" as the new chairman of Federal Board of Revenue (FBR) has irked the tax officials, who have reportedly...

Rupee regains Rs1.42 interbank, nabs dollar hike

The local currency strengthens on the back of higher inflow of remittance due to Ramadan and the approaching festival of Eid

Proton officially enters Pakistani car market

ISLAMABAD: The joint venture between Malaysia's Proton and Pakistan's Al-Haj Group has been the centrepiece among a series of agreements signed between Pakistan and Malaysia...

IMF agrees to lend $6bn to Pakistan: sources

IMF team accepts govt's stance of not further jacking up electricity prices Lauds govt's approach towards the state-owned loss-making organisations Repayment of IMF...

Kekra-1: Exxon Mobil all set to pack up and leave

Pakistan was hopeful of finding large oil and gas reserves in its territorial waters in the Arabian SeaHours after Prime Minister Imran Khan...

Eight-year-old interview comes back to bite new FBR chief

Shabbar Zaidi has been officially confirmed as the new chairman of the Federal Board of Revenue (FBR) on an "honorary and pro bono basis...

ExxonMobil set for comeback in Pakistan after nearly three decades: Report

Mr Sayyed in a letter sent to the BoI stated ExxonMobil has been assessing its re-entrance into Pakistan since quite a while and has been assiduously hunting energy-related opportunities for past few years

IMC decides to launch Toyota Vios in Pakistan, Corolla GLi to be discontinued

KARACHI: Indus Motor Company Ltd (IMC) has finally decided to launch Toyota Vios in Pakistan after discontinuing the Toyota Corolla GLi, a company source...

Rs16.26bn released for Lahore-Multan Motorway

ISLAMABAD: The federal government has so far released Rs16.266 billion for Lahore-Multan section (M-3 section) of the Karachi-Lahore Motorway.The government had allocated a total of...

FBR rejects revising tax rates for non-filers withdrawing cash over Rs 50,000

ISLAMABAD: The Federal Board of Revenue (FBR) on Friday refuted reports regarding revising the tax rates for non-filers withdrawing cash worth over Rs 25,000.In a...

ExxonMobil to commence drilling on 6th

This is the first time that any company in Pakistan would drill in the sea to explore oil and gasISLAMABAD: The drilling equipment of ExxonMobil,...

PKR weakens, hits 150.1 against US dollar in interbank market

"Dollar's appreciation drive was only till eid and the US dollar is likely to regain now since the remittance season is over”

FBR seeks withholding tax details of all account holders

The Federal Board of Revenue (FBR) on Saturday sought details from the banks regarding withholding tax of all the account holders.FBR said that all...

United Motors launches ‘Bravo’, priced Rs850,000

Will the United's Bravo be the perfect replacement for the outgoing Mehran?

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Former PSX chairman Richard Morin breaks his silence

The former CEO of the Pakistan Stock Exchange (PSX) Richard Morin has come out swinging against rumours surrounding his abrupt resignation as the boss...

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