Pakistan Customs, Tax, Shipping & Business News Resource
Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad, met key international investors during events organized by global banks, including Barclays, JP Morgan, Standard Bank, and Jefferies on the sidelines…
Karachi: Majority of Pakistan’s businesses are “not hopeful at all” about the ability of caretaker Prime Minister Anwaar-ul-Haq Kakar to save the country from a potential default on its international…
Karachi: Malik Khuda Bakhsh, an expert of petroleum and gas industry and United Business Group (UBG) has said that in the current economic conditions of the country, after the resignation…
The total liquid foreign reserves held by the country stood at US$ 14,065.3 million as of 14-Jul-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
IMF has released its Country Report on Pakistan after the Executive Board approved a 9-month Stand-By Arrangement (SBA) of US$3bn for Pakistan. Of this amount, US$1.2bn has already been disbursed,…
KARACHI; In the statement after its meeting held on 12th June, the Monetary Policy Committee (MPC) viewed the then monetary policy stance as appropriate to achieve the objective of price…
KARACHI: In an effort to overcome the impasse in securing a loan program from the International Monetary Fund (IMF), Pakistan has imposed an additional tax burden of Rs215 billion on…
KARACHI: The State Bank of Pakistan (SBP) on Friday announced withdrawal of all restrictions on imports to facilitate the industrial sector. In December last year, the SBP asked banks to…
Karachi (PR): President FPCCI – country’s apex body on trade & industry – has expressed his profound disappointment over maintaining status quo in key policy rate by the State Bank…
FEDERAL BUDGET PROPOSALS 2023-24: KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) firmly believes that that out-of-the-box solutions were needed to avoid further downslide of economy while the decision-makers…
According to Ministry of Finance, the UAE has provided assurance that it will provide additional deposit of US$1bn to Pakistan, paving the way for Pakistan to sign a Staff Level…
Karachi (PR): Mr. Irfan Iqbal Sheikh, President FPCCI, has highlighted the glaring anomalies in the fiscal discipline; management of external account and economic growth rate; which are being observed by…
Islamabad: Renowned intellectuals, technocrats, religious scholars and academics representing a cross-section of Pakistani society gathered for a special moot of the National Academic Council of Institute of Policy Studies (IPS)…
KARACHI: PML-N led government has proposed a mini budget at the National Assembly in order to comply with the conditions of International Monetary Fund (IMF). Finance Minister Muhammad Ishaq Dar…
The total liquid foreign reserves held by the country stood at US$ 14,473.5 million as of 2-Sep-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
KARACHI: Government has lifted ban on all import of luxury and non-essential items. The ministry of commerce issued SRO 1562(I)/2022 for lifting the ban on luxury and non-essential items, including…
Acting Governor State Bank of Pakistan (SBP) Dr. Murtaza Syed unveiled a Rs. 75 Commemorative Banknote to mark the 75th Anniversary of Pakistan’s Independence in a ceremony held at the SBP Museum, Karachi on…
KARACHI: Political noise has been fever pitch in the last few months as the recently ousted PM Imran Khan demanding immediate elections. Even if the government is able to withstand…
KARACHI: Pakistan Federal Budget FY23 Preview with tax revenue target of Rs7.25trn for FY23, analysts expect new taxation measures across various sectors in the upcoming budget. Supertax: FBR is mulling…
KARACHI: Government is likely to set tax revenue collection target of Rs7.25trn for FY23 (9.2% of GDP), which is up 19% from the revised target of Rs6.1trn (9% of GDP)…