Shaukat Tarin confirms SBP’s receipt of $3bn deposit from Saudi Arabia
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin announced on Saturday that the State Bank of Pakistan (SBP)...
OCAC requests DG Oil to resolve furnace oil overload issue at refineries
ISLAMABAD: Independent Power Producers (IPPs) are allegedly under-maintaining stocks of High Sulphur Furnace Oil (HSFO) and Low Sulphur Furnace Oil (LSFO), with...
Tarin files nomination papers for vacant Senate seat
PESHAWAR: Advisor to the Prime Minister on Finance and Revenue Shaukat Tarin has filed his nomination papers for a vacant Senate seat...
FBR prepares ‘mini-budget’ to raise tax on vehicles, mobile phones
ISLAMABAD: The Federal Board of Revenue (FBR) has prepared a mini-budget based on conditions set by the International Monetary Fund (IMF) for...
Dollar soars to Rs176.65 in intraday trade, reaches new high
The Pakistani currency plunged to an all-time low of Rs176.65 against the US dollar during intraday trading on Thursday.
In the interbank market,...
Surging imports, rise in T-bill yields trigger PSX bloodbath
The Pakistan Stock Exchange (PSX) on Thursday witnessed a bloodbath with the benchmark KSE-100 index losing over 2,100 points.
The market opened on...
Govt increases levy, GST on POL products to meet IMF conditions
ISLAMABAD: The government will charge Rs41.71 per litre on the sale of high speed diesel (HSD) and Rs38.57 per litre on petrol...
Exports surge to record monthly high of $2.9bn in November
Advisor to Prime Minister on Trade and Investment Abdul Razak Dawood on Wednesday said that Pakistan’s exports increased to a record high...
Samsung starts mobile phone production in Pakistan
Mobile phone giant Samsung has started production in Pakistan, giving hope to both the authorities and the industry that the move would...
Inflation rises to 11.5pc in November, highest in 21 months
ISLAMABAD: Inflation during November has registered the highest rise in 21 months with an 11.5 per cent jump on a year-on-year (YoY)...
OGRA announces Rs14.31 per kg cut in LPG price for December
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Tuesday announced a Rs14.31 per kilogramme cut in the prices of Liquefied Petroleum...
FBR exceeds tax collection target set for 5MFY22
ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs2,314 billion tax during the first five months of the current fiscal year...
Covid-19 audit reveals Rs5.24bn corruption by USC
ISLAMABAD: The federal government on Monday released the audit report of expenditures made under COVID-19 related measures, revealing irregularities worth Rs5.24 billion...
FBR tightens noose around real estate agents, developers
ISLAMABAD: The Federal Board of Revenue (FBR) has ordered real estate agents, builders and developers to obtain registration certificates before January 1,...
Rupee slumps to new historic low of 176.20
The Pakistani rupee lost more ground on Monday, plunging to an all-time low of Rs176.22Â against the United States (US) dollar in...