FBR amassed Rs1.7 trillion from income taxes at import stage in FY18

Total collection for FY18 was 14.2 percent higher than previous FY17 and the country’s tax-to-gross domestic product marginally rose to 11.1 percent, which was lower than the target set

Vintage cars exempt from import tax, to be taxed at $5,000 flat

Under the proposed rules taxation will not vary according to the engine capacity of the car but will be imported at a fixed rate of $5,000 per unit.

NEPRA increases power tariff by Rs1.22/unit

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has jacked up electricity tariff by Rs1.22 per unit on account of monthly fuel...

PTI highly likely to form federal govt, says Topline Securities

Pakistan KSE-100 index to go as high as 48,000 in case of PTI led government. While the index may go up to 50,000 if PML-N leads.

Govt to collect around Rs100bn from masses in July after a Rs14/liter POL price hike

The caretaker government will collect almost Rs100 billion from the masses in the month of July 2018 after a decision to raise the price of petroleum products (POL) by Rs14 per litre.

Mega Conglomerate’s deal to acquire Dewan Cement collapses

In end-January this year, it was reported Mega Conglomerate (Pvt) Limited was acquiring 87.5 percent majority stake in Dewan Cement Limited (75% through agreement and 12.5% through public offering)

Pakistan rice exports surpassed $2 billion in FY18: Report

Rice exports dwindled in the aftermath of FY15 when they crossed $2 billion, touching $1.86 billion in FY16 and $1.61 billion in FY17

FBR fails to meet revenue collection target for FY18, results in Rs135 billion shortfall

On Sunday, the government revised the Foreign Assets (Declaration and Repatriation) Act, 2018 and the Voluntary Declaration of Domestic Assets Act to extend the amnesty schemes for offshore and domestic assets till July 31st of this month

China lends $1 billion to Pakistan to boost dwindling forex reserves

In the first 10 months of FY18, China lent Pakistan $1.5 billion in bilateral loans and it also received $2.9 billion in commercial bank loans mostly from Chinese banks, ministry officials said

KSE-100 index shows worst fiscal year performance since FY09

The market started off the month of June 2018 on a good note amid successful formation of caretaker setup in country and ease-off in global politics.

Dollar weakens by Rs1 against local currency in kerb market

On Thursday, the rupee remained stable against the dollar in inter-bank trading at Rs121.54 and has remained largely unchanged since last week

FBR includes foreign income under purview of the amnesty scheme

The FBR told for a resident Pakistani, the disclosure of income in Pakistan must include both within and foreign source

Economists urge avoiding IMF, focus on amnesty as FATF puts Pak on grey list

ISLAMABAD: Despite concentrated efforts to avoid the inclusion, Pakistan has officially been placed on the Financial Action Task Force (FATF) 'grey list' on...

Pakistan’s gross borrowing requirement stands between 27-30 percent of GDP: Moody’s

Pakistan (B3 negative) alongside Argentina (B2 stable), Ghana (B3 stable), Mongolia (B3 stable), Sri Lanka (B1 negative), Turkey (Ba2 RUR-), Zambia (B3 stable) are the most vulnerable to a US dollar appreciation

Pakistan, the next outsourcing hub?

With India and the Philippines ratcheting up the rates, will Pakistan be able to jump on the BPO bandwagon?