Govt likely to authorise FBR to collect FED on digital services in provinces

The Federal government is likely to authorize the Federal Board of Revenue (FBR) to collect Federal Excise Duty on digital services in...

ECC likely to approve framework agreement with Azerbaijan’s SOCAR for LNG procurement

Pakistan set to take strategic step to secure cheaper LNG, enhance energy cooperation with Azerbaijan

Highs and lows: Toyota shuts down plant same week it unveils HEV

The company unveiled the new HEV in a star-studded assembly whilst announcing that it will be suspending production next week the very next day

Okayker sets target on car mechanics with $700,000 in seed funding

Company claims it will revolutionize Pakistan’s auto care industry. 

Annual inflation has soared to its highest ever level of 38%. How did we get here? 

Food staples, tobacco and transport take the biggest hit as living conditions for average citizens go from bad to worse

Pakistan could earn as much as $300m through PVC exports. But will our faltering economy allow it? 

Non-conducive business environment becomes the barrier for the company to increase its local demand and improve exports 

What is the reason behind the PKR’s sudden surge in the open market? 

The open market rate of the PKR dropped by Rs 27 next to the US dollar

SBP says banks did “nothing illegal” but still showed “irresponsibility” in exchange rate manipulation inquiry 

The SBP had launched the inquiry back in September 2022 to investigate whether banks had illegally profiteered off the exchange rate being left to float freely. 

Could Custom Bonded Warehouses be the way to efficient petroleum imports? 

Petroleum division suggests custom bonded warehouses for foreign suppliers as a possible stop-gap solution to import woes. 

Are publicly listed companies increasing their share capital to avoid new taxes in the upcoming budget? 

Companies are seeking to deplete their reserves by increasing dividends amongst shareholders in order to circumvent a forthcoming tax expected to be levied in the budget. 

PIA’s plane seized once again in Kuala Lumpur

This marks the second time in three years that the same plane has been impounded in Malaysia due to disagreements with the leasing company 

Isuzu, Gandhara Tyres set to raise capital 

Gandhara Automobile’s subsidiaries set to raise Rs 2.5bn in capital if board approves 

Completing IMF programme is in the nation’s interest, says Aisha Ghaus Pasha

Aisha said that the IMF does not discourage targeted subsidy, the govt also plans to provide targeted relief

Investor acquires more than 10% of Tri-Star Power Ltd’s shares

Investment comes after interest from Turkish investor got company involved in a legal battle

Provisional annual GDP growth recorded at 0.29%: Finance Ministry

CPI based inflation remains on an upward trajectory despite monetary tightening