Foreign entities stuck tax refunds rise to Rs58 billion
OICCI expressed worries over a 100 percent rise in customs duty and extension of regulatory duty recommended in next financial year's budget, stating this would increase manufacturing costs across the country
PM Abbasi announces extension of tax holiday on IT exports for six years
The IT industry is the fastest growing sector of the Pakistan economy, with annual growth rates more than 30 percent and expected to double in size over the next 3-4 years
SBP asks for FIA, FBR’s assistance to control forex smuggling
A source who had viewed the SBP letter shared the unfettered and unexplained inland movement of foreign currencies in bulk could serve as a channel of smuggling across borders
‘Only’ Pakistani cryptocurrency rises by 60pc, post SBP crypto ban
Last month, the State Bank of Pakistan in an announcement posted on its website, banned cryptocurrencies in the country.
In the statement, the...
Market Daily: KSE 100 closes down 260.99 points, settles at 43,594.79
LAHORE: Following another buoyant open amid thin participation the 100 Index retraced intraday gains (+171.8 points; +0.39 per cent) and closed in...
Rs659.5 bn released for development projects under PSDP 2017-18
ISLAMABAD: The government has released over Rs659.5 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes...
Pakistan to secure another $2 bn from China to support reserves
ISLAMABAD: As the depletion of reserves continue, the government has planned to secure another $2 billion through the agreed short-term loan of...
Automobiles sales increase 23pc in July-April and 14pc MoM
The sales of automobiles grew to 25,567 units, up by 39 per cent YoY in April 2018
ECC approves Rs20bn to overhaul PIA’s aircraft engines
PM directed the Aviation Division and the Finance Ministry to ensure that the financing was strictly utilised only for the defined purpose.
Who has the right to our data?
How a lack of data protection legislation in Pakistan is hurting users and gives them no recourse to legal action in event of a data breach like the one that happened at Careem
Nestle lagging as millennials warm up to frozen meals
Frozen food is a relatively small part of Nestle’s sprawling portfolio, which also includes Nescafe instant coffee and Pure Life bottled water
Oil prices dip from multi-year highs
Outside OPEC, soaring U.S. crude oil production may also help fill Iran’s supply gap, hitting another record last week by climbing to 10.7 million barrels per day
Senate panel gives nod to revision in GIDC bill
CNG industry was said to have already paid Rs19b under GIDC and now Rs12b will be paid for the period of Jan 2012 to May 22nd,2015.
OGRA gives 150 permits for establishment of LPG auto-refueling stations
LPG at the moment constitutes 0.7 percent of the total primary energy supply in Pakistan and its present size of the market is around 1.21 million tons per annum
MoIT to provide technologically sound environment for startups
Anusha Rehman described the DigiSkills programme as an important part of information technology initiative of the government.