Tax rates for banks should be reduced in 2018-19: PBA
KARACHI: Pakistan Banks’ Association (PBA) has demanded from the government to delete Section III (4) of the Income Tax Ordinance 2001 and the...
FBR’s third tax slab and enforcement drive hurts illicit tobacco
PESHAWAR: The policy from the Federal Board of Revenue (FBR) to introduce a third tax slab for cigarettes and step up its enforcement...
Cryptocurrency profits in Asia rise as arbitrage boom fizzles
SHANGHAI: When China closed its local cryptocurrency exchanges late last year, an underground ecosystem of bitcoin “mules” and peer-to-peer platforms sprung up...
Exchange rate under pressure, amid rising dollar demand
LAHORE: The rupee further devalued against the dollar on Tuesday, amid rising demand for the greenback and tight interbank regulations by the...
Pak holds 10th Round of Phase II China Pakistan Free Trade Agreement
ISLAMABAD: The 10th Round of Phase II China-Pakistan Free Trade Agreement (CPFTA) was held in Islamabad on 2nd April, 2018.
The session was...
Chinese investors seek business in local ceramics sector
LAHORE: A Chinese delegation from the city of Zibo has expressed keen interest to have joint ventures in the ceramics sector of...
Gold imports up 27.81 pc in 7 months
ISLAMABAD: The import of gold during the first seven months (July-February) of the current fiscal year has increased by 27.81 per cent...
FBR urged to reactivate Alternative Dispute Resolution Committee (ADRC)
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in its pre-budget proposals, has urged the government to reactivate the Alternate...
Rupee devaluation contained, power crisis to be solved via privatisation: Miftah Ismail
ISLAMABAD: Adviser to Prime Minister on Finance Miftah Ismail has said what we were to do about the devaluation of rupee, we...
Tobacco industry fails to deliver revenue target set by FBR
ISLAMABAD: Despite the introduction of a third slab on cigarette prices, the Federal Board of Revenue (FBR) has been losing revenue and...
ICCI calls for decrease in sales tax on POL products
ISLAMABAD: The business community here on Tuesday urged the government to withdraw increases in sales tax on some petroleum products, since the price...
China ready for equivalent response to US tariffs, says Chinese envoy
BEIJING: China will take counter-measures of the “same proportion” and scale if the United States imposes further tariffs on Chinese goods, China’s...
‘Saudisation’ leading to fewer foreign workers in KSA
LAHORE: The recruitment of Pakistani labourers by Saudi Arabian employers dropped by 11 per cent to 460,000 in 2016, stated a report...
Acting US Asst SecState for South and Central Asia calls on Miftah Ismail
ISLAMABAD: US Acting Assistant Secretary of State for South and Central Asia, Ambassador Alice G Wells called on Adviser to Prime Minister on Finance,...
Government lacks legitimacy to announce budget this month: experts
ISLAMABAD: As the government has decided to announce the budget for next financial year 2018-19 by the end of this month, experts...