FPCCI concerns over the high policy rate maintained by SBP
Mian Anjum Nisar, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), expressed serious concern over the SBP unchanged policy rate which is at the highest in…
Pakistan Customs, Tax, Shipping & Business News Resource
Mian Anjum Nisar, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), expressed serious concern over the SBP unchanged policy rate which is at the highest in…
Islamabad: Karandaaz Pakistan under its third round of Innovation Challenge Fund (ICF) has signed an agreement with Allied Bank Limited (ABL) to support the bank for developingan innovative, cash-flow based,…
KARACHI: Pakistan’s reserves adequacy is among the lowest of rated sovereigns covering less than two months of imports as of September 2018”, notes Moody’s in its ‘Global Emerging Markets: Outlook’…
KARACHI: Pakistan’s current account deficit (CAD) shrank by 4.57 percent or $232 million in the first four months of the current fiscal year (July-October) as trade deficit narrowed and remittance…
KARACHI: The exports of services remained under pressure in September 2018, which declined 10.02 percent to $422 million compared with $469 million in the same month last year, official data…
ISLAMABAD: The outgoing PML-N government’s newly appointed Finance Minister Miftah Ismail presented a sixth full-term budget in the National Assembly Friday amid a raucous protest staged by opposition leaders calling…
KARACHI: The federal budget 2018-19 has proposed to allocate a sum of Rs175 billion under subsidies and grants. A total estimate of subsidies for budget 2018-19 is 0.5 percent of…
KARACHI: Pakistan’s economy to achieve 13-year high GDP growth this fiscal year after averaging at 3.0 percent in five years from 2008 to 2013, Advisor to Prime Minster on Finance,…
KARACHI: The Federal Board of Revenue (FBR) has once again extend the application of 0.4 percent withholding tax on non-cash banking transactions made by non-filers of income tax returns for…
KARACHI: The growth in real gross domestic product (GDP) remained at its upward trajectory, and increased to a decade-high of 5.3 percent in FY17, noted by State Bank of Pakistan’s…
KARACHI: Pakistan government is trying various measures to improve revenues and widen the tax net to ease the fiscal stress. Under the IMF program, Pakistan’s tax to GDP has improved…
KARACHI: Director General Rangers Major General Bilal Akbar Saturday said that the enemies of Pakistan, specially India is trying to sabotage the China Pakistan Economic Corridor (CPEC) to weaken the…
KARACHI: The Association of Builders and Developers of Pakistan (ABAD) and the real estate sector have outrightly rejected amendment in the Income Tax Ordinance 2001 (ITO) and addition of a…
KARACHI: Federal Finance Minister Senator Ishaq Dar announced relief and special measures for almost all sectors of economy besides a substantial increase in salaries of Federal government employees, pensioners while…
ISLAMABAD: Research and Advocacy for the Advancement of Allied Reforms (RAFTAAR) hosted a parliamentarians’ roundtable meeting in Islamabad. The meeting was attended by political party representatives from various political parties.…
KARACHI: Federal Board of Revenue (FBR) Chairman Nisar Mohammad Khan has inaugurated Large Taxpayers Unit-II here on Tuesday. In order to cater higher tax collection in country, the FBR expanded…