FBR freezes bank accounts of Zong alleging income tax default
The Federal Board of Revenue has frozen the bank accounts of China Mobile Pakistan Limited (Zong), accusing the company of "income tax...
Losses continue for Telenor Microfinance Bank
Telenor Microfinance Bank posted a loss of Rs10 billion in 2021 as per the latest annual report. The bank has now been...
Cash-strapped PSO’s receivables reach Rs509bn
Faced with serious financial constraints, Pakistan State Oil (PSO) has asked the government to release funds to Sui Northern Gas Pipelines Limited...
FBR freezes Telenor Pakistan’s bank accounts in recovery action, company files for stay
The Federal Board of Revenue (FBR) has frozen the bank accounts of Telenor Pakistan, alleging income tax default amounting to approximately Rs3.5...
FBR collects sales tax of Rs26.5bn from sugar sector
The Federal Board of Revenue (FBR) has collected Rs26.5 billion sales tax from sugar sector in the current crushing season as against...
China to open Khunjerab border from April 1
After keeping the only land route between Pakistan and China closed for over two years following the outbreak of Covid-19 pandemic, China...
IMF wants further discussion on industrial promotion package
The International Monetary Fund (IMF) has indicated to the Pakistani economic team the need for some further discussions on the industrial promotion...
Afghan, Gwadar chambers explore “Gwadar trade activities”
In order to boost up commercial and business activities in Gwadar, Gwadar Chamber of Commerce and Industry (GCCI) explored Gwadar trade activities...
ADB approves $300mn loan to develop Pakistan’s capital markets
The Asian Development Bank (ADB) Tuesday approved a $300 million loan to further develop Pakistan’s capital markets, promote private investment in the...
US court rejects Pakistan’s request for stay in Reko Diq case
The United States district court of Columbia has dismissed Pakistan’s motion for a stay regarding the enforcement of the $6 billion fine...
Rupee crosses 180-mark against US dollar
The downtrend in the local currency persisted on Thursday and the rupee fell to a fresh all-time low at Rs180.07 against the...
What’s ahead for Pakistan’s startups?
It’s been a little over three months since the year 2022 started and Pakistan’s startups have announced raising investments worth $130 million....
PTCL requests NEPRA for revision in power tariff
Pakistan Telecommunication Company Limited (PTCL) filed a petition with National Electric Power Regulatory Authority (NEPRA) on Friday, for the revision of its...
IMF asks govt to provide clarification on industrial package
The International Monetary Fund (IMF) has sought clarification from Pakistan on the announced industrial package.
Finance Secretary Hamid Yaqoob on a query informed...
Pakistan’s economy moving in the right direction, says Tarin
Finance Minister Shaukat Tarin in a press conference held at the Press Information Department (PID) on Wednesday, discussed the current economic situation...