FBR accelerates tax recovery drive to plug Rs661 billion revenue deficit
During the first eleven months (July-May) of FY18, the tax regulator collected Rs3.274 trillion
FBR to propose SC for scrapping 12.5 percent WHT on Rs1,000 balance recharge
In case of this tax remaining suspended in its entirety for the next financial year 2018-19, the overall accumulated losses in terms of revenue across Pakistan would jump to Rs123 billion
Oil prices steady as focus turns to potential supply hike
Benchmark Brent crude oil was down 20 cents at $75.74 a barrel by 0750 GMT, after falling 80 cents on Thursday
Ally betrays Arif Naqvi, behind lawsuit against Abraaj
The UAE-based Jafar family, which controls a Sharjah-based congolmerate, had deep ties with Naqvi and the petition points to further cracks at Abraaj
Rupee nosedives to Rs124 against greenback in kerb market
In the last six months has depreciated 14 percent against the greenback and market experts are expecting further devaluation after Eid.
Customs set to end cases against Digicom, release smuggled Q-Mobile phones
Digicom Trading Pvt Ltd had cleared the containers of the phones in the cover of LED lights (bulbs) via a green channel on 31Â October 2017. These mobile phones were brought to Pakistan without getting an approval of Pakistan Telecommunication Authority (PTA) and also without getting their IMEI numbers registered
Cryptocurrency tether used to inflate Bitcoin prices, study reveals
Bitcoin soared last year, peaking at nearly $20,000 in December, before the price collapsed. It was at $6,624.45 on Wednesday afternoon
Asian shares slump after Fed signals faster rate hikes
Japan’s Nikkei 225 fell 0.4 percent to 22,886.15 while South Korea’s Kospi sank to 2,430.15. Hong Kong’s Hang Seng index dropped 0.6 percent to 30,541.22
How Arif Naqvi’s fall from grace put Abraaj on brink of bankruptcy
Abraaj filed a petition in the Cayman Islands, requesting the court to appoint PwC as their provisional liquidator
Oil prices ease, as US production breaks another record
Brent crude futures, the international benchmark for oil prices, were at $76.46 per barrel at 0046 GMT, down 28 cents, or 0.4 percent, from their last close
Cellular providers to give 100 percent credit on credit recharge for 15 days
As per the SC directives, this relief will last for 15 days after which the FBR and cellular companies would submit a mechanism to the apex court for collecting taxes via mobile phone top-up cards
SBP injects Rs720bn into the market
KARACHI: The State Bank of Pakistan (SBP) on Wednesday injected into the money market Rs120 billion for one day and Rs1,600 billion...
Market Daily: PSX closes green as the KSE 100 settles at 43,507.50
LAHORE: As Moscow dresses up ahead of the upcoming football extravaganza, more and more fans head into the country for the World...
Bitcoin nosedives to two-month low as downtrend continues
So far in 2018, bitcoin is down nearly 53 percent, after soaring more than 1,300 percent last year
Asian stocks fall as focus turns towards central bank meetings
Japan’s benchmark Nikkei 225 edged up 0.3 percent in early trading at 22,934.58. South Korea’s Kospi was down by less than 0.1 percent at 2,468.83.