Only borrowed Rs3.44tr to finance budget deficit, MoF clarifies
ISLAMABAD:Â The government only borrowed Rs3.44 trillion to finance its budget deficit during the financial year 2018-19 (FY19) while the figure of Rs11...
FBR slaps Rs992m tax evasion notice on ARY
Authority claims media house ‘evaded tax through misrepresentation, concealment and misuse of exemptions’
ARY claims FBR’s proceedings are ‘based on whims,...
Finance ministry releases Rs12bn for erstwhile FATA without due diligence
ISLAMABAD: The Ministry of Finance has approved the release of around Rs12 billion to Khyber Pakhtunkhwa (KP) under the head of merged...
Govt approves ‘visa on arrival’ for Qatari nationals
ISLAMABAD: On the demand of Qatari Amir Sheikh Tamim Bin Hamad Al Thani, the Pakistan Tehreek-e-Insaf (PTI) government has decided to provide ‘visa...
FATF sets new targets for Pakistan
'SBP's monitoring unit to provide data of prize bond owners'
'The businesses of gold, jewellery and precious stones will be registered...
Pakistani start-up Atoms secures $8.1m financing
Atoms, a Pakistani e-commerce brand and one of the trailblazers in the world of footwear, has raised $8.1 million from a list...
FBR to witness another month of alarming shortfall in revenue
ISLAMABAD: The Federal Board of Revenue (FBR) is going to witness another month of major shortfall, as the board only managed to...
Govt decreases POL prices by up to Rs5.33 per litre
ISLAMABAD: Amid confusing statements by some cabinet members, it has been determined that the price of petrol has been slashed by Rs4.59,...
ADB vice president meets PM, pledges $7bn for Pakistan’s development
ISLAMABAD: Asian Development Bank (ADB) Vice President Shixin Chen, who was on his first official two-day visit to Pakistan (Aug 29, 30),...
FBR chief stresses need to change Pakistan’s business model
'Owing to previous policies, there is no distinction left between who is going by the book and who is not'
'There...
Dutch giant Royal Vopak to invest $2.8bn in Pakistan
ISLAMABAD:Â A delegation of Royal Vopak, a leading Dutch company that stores and handles various oil, chemicals, edible oils and natural gas-related products...
Govt posts record budget deficit of Rs3.45tr
Deficit in PTI govt's first year was worse than the last years of PPP and PML-N govts
Debt servicing and defence...
Ufone’s 4G delay: PTCL’s calculated risk or strategic blunder?
On the surface, it looks like a clear cut mistake: the state-owned Pakistan Telecommunications Company Ltd (PTCL) owns Ufone, which until just...
PM reviews economic progress, ministries’ performanceÂ
Prime Minister Imran Khan on Saturday held a meeting with his economic team to discuss the country's economic situation and to prepare...
Head of Pakistan LNG replaced
ISLAMABAD: Pakistan LNG Limited (PLL) has replaced its top manager with immediate effect, appointing Shahid Yousaf as managing director and chief executive,...