FBR forwards notices to schools for tax evasion: Report
The audit was commenced after information was received that the schools were retaining multiple accounts besides those officially declared for the hiding of receipts and income
SBP hikes key interest rate by 25 basis points to 10.25%
Challenges to Pakistan’s economy persist despite narrowing as the current account deficit remains high, the fiscal deficit is elevated, and core inflation remains continuingly high, said SBP
China agrees to provide $2.5 billion loan to bolster foreign exchange reserves
This follows the previous $2 billion loan provided by China at the end of July last year to bolster foreign exchange reserves and it has come out as the country’s biggest economic rescuer in the past five years
Pakistan to start receiving information on offshore accounts in SeptemberÂ
ISLAMABAD:Â Pakistan is poised to receive information about offshore financial accounts in September 2018. This was stated by the spokesperson and member policy...
Pakistan ranked 131st freest economy, receives freedom score of 55: Report
According to the report, the country’s overall score has risen by 0.6 points, with increased scores for judicial effectiveness and property rights outmatching declines in monetary freedom and fiscal health
Govt will require to reduce borrowings from central bank, implement VAT under IMF programme: Report
According to official sources, the IMF will demand to attain a primary balance of budget into surplus, which is presently seeing a huge deficit
Govt presents finance bill amid ruckus in NA
–Third finance bill aims at encouraging investment, exports, promoting ease of doing business
–Super tax on non-banking companies abolished, interest on agri loans...
IMF bailout on the cards as Pakistan elects new government
Bailouts are sizeable and always come with strings attached
SBP may increase 50bps to 7 per cent discount rate, analysts suggest
Market analysts expect a hike of further 200bps in 2nd half of 2018, which will take SBP’s policy rate to 8.5 per cent by December 2018
Pakistan to request Saudi Arabia for commencement of dialogue on PTA
According to official sources, the PTA will envelop tariff and non-tariff barriers (NTBs) which will aid Pakistan in diversifying its export portfolio to Saudi Arabia
Market Daily: KSE-100 plunges 758 points pre-election
KSE-100 index continued to slide, as was the case on Friday. The bears dragged down the market by 758 points to 40,464 level (down 1.84 per cent) as pre-election jitters engulfed the market.
Football exports up by 10.64pc
ISLAMABAD: Export of footballs from Pakistan during July-May (2017-18) has increased by 10.64 per cent as compared to same months of the...
Pakistan’s liquid foreign reserves increase
KARACHI: The State Bank of Pakistan (SBP) here Thursday said the total liquid foreign reserves held by the country stood at $16,798.0...
Market Daily: Foreign investors slash Pakistan equities by 6pc in May
Pakistan’s foreign portfolio investment witnessed 9-month high outflow of $73 million during May 2018, while YTD outflow remains at $59 million.
Pakistan signs agreements worth $565m with WB to support water, energy projectsÂ
ISLAMABAD:Â The Secretary, Economic Affairs Division (EAD) signed the following agreements worth $565.0Â million with the World Bank to support the projects in Energy...