Govt taking steps to ease tax payment mechanism: BOI

The Board of Investment (BoI) has said government's focus was on tax reforms and further steps to ease payment of tax mechanism for the...

OGRA permits SNGPL and SSGC to lay gas pipelines

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has allowed Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) to lay...

Pakistan Tanners Association urges govt to withdraw duty on raw material import

The Pakistan Tanners Association (PTA) has called for removal of customs duty on the imports of basic raw material in the upcoming financial year...

External debt servicing to be 25pc more than a year ago says: SBP report

A State Bank of Pakistan (SBP) report released recently has said that Pakistan’s external debt servicing will be 25pc higher than a year ago The...

UNIDO develops $3m proposal for Agro-Industry development programme

ISLAMABAD: United Nations Industrial Development Organization (UNIDO) developed a project proposal on Agro-Industry Development Programme for Khyber-Pakhtunkhwa (KP) and Gilgit-Baltistan (GB) targeting fresh fruits, dry...

Punjab government wants GST abolished on agricultural inputs in upcoming budget

Punjab government has sent a letter to the Ministry of Finance for abolishing general sales tax (GST) on agricultural inputs in the upcoming budget....

Real estate investment trust’s unable to seek funds from PSX due to high taxation regime

Pakistan Stock Exchange (PSX) has seen a dearth of listings from the real estate sector despite construction booming in the country. This has been...

CPEC to help hotel industry revival: Sindh Governor

Sindh governor Muhammad Zubair said on Tuesday that the China Pakistan Economic Corridor (CPEC) project is set to pave way for fresh avenues of prosperity...

US military aid to Pakistan may convert into loans

The Trump administration's budget proposal would convert some of the United States' foreign military grants to loans, affecting several countries, including Pakistan. The proposals are...

Trade deficit forecast to reach $26.9b in next FY 2017-18

For the upcoming financial year (FY) 2017-18, the economic growth rate has been forecast to reach 6pc on the basis of growth in commodity...

MCB, CSD sign MoU for Ramzan campaign

MCB Bank, “Pakistan’s Best Bank” (Euromoney and Finance Asia Awards, 2016), has entered into an alliance with Canteen Stores Department (CSD) for the facilitation...

FFC, PHF join hands to promote hockey

Fauji Fertiliser Company (FFC) signed MoU with Pakistan Hockey Federation (PHF) on 22nd May 2017 in Rawalpindi. A ceremony in this regard was held...

Jazz cements leadership position in telecommunications in Pakistan

VEON, Global Telecom Holding (GTH) and Jazz, Pakistan’s number one digital company announced today the successful acquisition of the 4G license in Pakistan. The...

UBL inaugurates state-of-the art ‘Branch of the Future’ in Karachi

Pakistan’s Best Bank 2016; inaugurated its first ‘Branch of the Future’in Karachi on 21 May 2017. Consistent with the bank’s progressive and innovative brand...

SalamAir launches direct services between Pakistan, Oman

SalamAir, Oman’s first budget airline, has welcomed Sialkot and Multan to its fast-growing network of destinations. With one-way tickets starting at just 9,900 PKR,...

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FBR extends deadline to file tax returns

The Federal Board of Revenue (FBR) on Friday extended the last date for submission of sales tax and federal excise duty for the tax...

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Govt’s efforts to ensure long-term benefits for businesses: MOF

ISLAMABAD: The Ministry of Finance has said that the government’s macroeconomic adjustment and demand management policies for stabilization have started making an impact, as...