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'Â 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?
Will outsourcing help solve Pakistan’s tax problem?
PML-N’s Miftah Ismail suggests the government can raise a lot more revenue if it outsources many of the FBR’s functions. But is it the panacea or would it create more problems than it solves?
Fintechs: Goliaths of today, dinosaurs of tomorrow?
Innovation is not the done thing in Pakistan’s commercial banking and soon Pakistan’s financial services industry is expected to witness a David-and-Goliath contest of sorts, with Fintechs with negligible capital taking on commercial banks with billions, even trillions, in assets – and beat them
At-Tahur’s road to IPO begins, book-building set to close on 26th June
At-Tahur is issuing 36.7 million shares with 75 percent for book building and remaining 25 percent for retail investors at a floor price of Rs20 per share
Turkish Shylock twists Pak’s arm for $846m pound of flesh
Turkish Karkey demands immediate payment of $846 million arbitration award handed down by the ICSID in August 2017 to Pakistan.