Banks to remain closed for public dealings on Jan 3
All banks in Pakistan will remain closed for public dealing on January 3 as the day will be observed as a bank...
Finance supplementary, SBP amendment bills deferred again
The National Assembly (NA) session was adjourned on Friday for an indefinite period, deferring the approval of the Finance Supplementary Bill, 2021...
Govt’s ‘mini budget’ showers new taxes, withdraws Rs343bn in exemptions
ISLAMABAD: The federal government on Thursday presented the Finance (Supplementary) Bill 2021, termed as the mini budget by opposition parties, in the...
Pharma sector hints at raising medicine prices
LAHORE: The pharmaceutical sector has hinted at the rise in prices of medicines following the imposition of General Sales Tax (GST) on...
Govt claims of making SBP amendment bill free of controversy
ISLAMABAD: Federal Finance Minister Shaukat Tarin on Thursday said that although the International Monetary Fund (IMF) wants the State Bank of Pakistan...
Tarin announces financial support for 4m households under Kamyab Pakistan
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin said on Thursday that four million households will be provided financial support initially under...
Cabinet approves revised SBP amendment bill
ISLAMABAD: The Cabinet on Tuesday approved the revised State Bank of Pakistan (SBP) (Amendment) Bill 2021 to ensure its sixth review of...
SNGPL restores gas supply to textile export industry
ISLAMABAD: The Sui Northern Gas Pipelines Limited (SNGPL), in a bid to facilitate export-oriented industries, has announced that it will restore gas supply...
NEPRA to decide on another power hike on Wednesday
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) is reportedly going to take a decision over the Rs4.33 per unit hike in...
Finance amendment bill proposes tax rate hike for IT sector
ISLAMABAD: The proposed finance bill, due to be presented in the parliament, includes rate hikes for sales tax and withholding tax (WHT)...
Cabinet to approve nominations for Monetary, Fiscal Policies Coordination Board
ISLAMABAD: The federal cabinet is likely to approve the nomination of eminent economists to be included the Monetary and Fiscal Policies Coordination...
Pakistan’s GDP growing at 5pc: report
ISLAMABAD: The average monthly economic indicator (MEI) for the first five months of current fiscal year (2021-22) indicates that average economic (GDP)...
Rupee continues to tumble against US dollar
KARACHI: Pakistani rupee set another low of 178.17 against the US dollar on Monday, the 12th lowest level set in December.
According to...
Shaukat Tarin takes oath as federal minister
Senator Shaukat Tarin was administered oath as the Federal Minister of Finance and Revenue by President Dr Arif Alvi on Monday.
The swearing-in...
MoC tasked to formalise barter trade with Afghanistan
ISLAMABAD: The Ministry of Commerce (MoC) has been tasked to formally implement the proposal of barter trade with Kabul as Pakistan aims...