Hi-Tech Alloy Wheels Ltd set to get listed on PSX
Loads Limited become the first auto-parts manufacturer company in Pakistan to begin manufacturing of alloy wheels, which were previously being imported by car assemblers for their high-end vehicles
$300 million tax retrieved under amnesty scheme till now: Bajwa
The credit to the farming sector witnessed a 37 percent rise, reaching Rs964 billion and a considerable increase in credit to small industries was observed, said Bajwa
Lawai to remain as PSX chairman: Report
Mr Lawai was taken into custody on Saturday by the Federal Investigation Agency (FIA) over a money laundering case of Rs35 billion
Affluent people seek declaration of foreign assets at 2 percent tax
By end of last month, over $6 billion of overseas assets had been declared by Pakistani nationals on which they paid $290 million in taxes and the amnesty scheme has been extended to the 31st of July earlier this month
CAA halts Shaheen Air’s Islamabad-Dubai-Islamabad route
In a letter served to SAI on Monday, CAA directed the airline to intimate the affected passengers accordingly to avoid any inconvenience.
Market Daily: KSE 100 index drowns in a sea of red with a 1,000-point plunge
By mid-day, the fall was already above 1,000 points – the second such in successive weeks thus far.
IMF bailout on the cards for Pakistan’s next government: analysts
Amid stability fears, the caretaker government pledged in June to stem the current account deficit with rapidly dwindling foreign reserves
SBP notifies stricter rules for inland foreign currency and PKR movement
To ensure compliance with the FATF guidelines, the central bank on Friday announced stricter instructions to be followed by exchange companies for the movement of foreign currency and rupee within Pakistan
FBR again misses the mark, revenue collection falls short by Rs90 billion
Due to missing the revised revenue collection target of Rs3.935 trillion, the budget deficit could likely surpass 7 percent, although the final figure for FY18 is yet to be finalized
Violating banking rules, FBR withdraws Rs2 billion from PRA’s bank accounts
The Punjab government is going to take the matter up with the State Bank of Pakistan (SBP) and the federal government
Pakistan asks China to give more loans for boosting foreign exchange reserves: Report
Pakistani officials have told their Chinese counterparts in case the country seeks a bailout from the IMF, details of CPEC and how it is being funded will have to be shared with them and force it to cancel some of the infrastructure projects already planned.
No requirement to be a tax filer for vehicles below 1000cc: Tax authorities
ISLAMABAD: While the Federal Board of Revenue (FBR) has imposed the conditions for filers for the purchase of new/imported vehicles from July...
Bureaucracy in Finance ministry behind decision to increase petroleum prices
ISLAMABAD:Â The bureaucracy sitting at the Finance Ministry and the Federal Board of Revenue (FBR) compelled the caretaker Prime Minister to increase the...
Rs128 million fraud in IESCO uncovered by auditors
IESCO is accused of having made excessive and incorrect payments to contractors and auditors have recommended them to be recovered
Objections against KASB Bank-BankIslami amalgamation disposed of: SBP
Previously, shareholders of defunct KASB Bank had sought a minimum compensation of Rs14.2 billion from the State Bank of Pakistan (SBP), terming the Rs5.9 billion negative valuation of the bank, determined by AF Ferguson, mala fide and dubious