Pakistan Customs, Tax, Shipping & Business News Resource
Consumption and import led robust economic growth in FY17 and FY18 was driven by loose monetary policy and an overvalued currency regime, which exposed Pakistan to vulnerability on the external…
KARACHI: Pakistan’s desire to get an IMF bailout package approved by January 15 may not be fulfilled as the global monetary body wants Islamabad to adopt steeper measures to address…
KARACHI: Sudden devaluation of local currency against the US dollar was witnessed in inter-bank trading on Friday morning as the greenback hit an all-time high of Rs144. The sudden rise…
KARACHI: Pakistan has received the first tranche of $1 billion from Saudi Arabia under the $6-billion financial package. The State Bank of Pakistan (SBP) confirmed that it had received $1…
KARACHI: The International Monetary Fund (IMF) has asked Pakistan to take additional tax measures for curtailing the budget deficit as well as advocated free movement of Pak Rupee, which could…
KARACHI: Trading at Pakistan Stock Exchange (PSX) this week commenced on a negative note, partly carried from the previous week as investors were doubtful about the success of the Prime…
ISLAMABAD: Pakistan is likely to make upward adjustment in its annual tax collection target besides expanding the list of privatization to qualify for a bailout package by the International Monetary…
KARACHI: Pakistan’s trade deficit narrowed down by 2.0 percent to $11.786 billion in the first four months of the current fiscal year – July-October of 2018-19. Pakistan Bureau of Statistics…
KARACHI: Amreli Steels Limited has invited bids from internationally reputed consultancy firms as the Board of Directors of Amreli Steels Limited has approved third phase of expansion plan with an…
KARACHI: After witnessing a period of economic uncertainty during the past few quarters stemming from ballooning current account deficit and concomitantly falling foreign exchange reserves, things finally seem to be…
KARACHI: The Executive Board of the International Monetary Fund (IMF) concluded the first Post-Program Monitoring Discussions with Pakistan. Pakistan’s near-term outlook for economic growth is broadly favorable. Real GDP is…
KARACHI: Member FBR Dr. Irshad has assumed the look after charge of the office of Chairman Federal Board of Revenue (FBR) as Nisar Mohammad Khan has retired on January 18,…
KARACHI: Speakers at the International Conference on the State of Pakistan Economy are convinced that the China Pakistan Economic Corridor (CPEC) is a ‘game changer’ for Pakistan. Speakers at the…
KARACHI: Aiming to stop black money especially in the real estate sector, government has introduced Benami Transactions (Prohibition) Bill, 2016 in the Parliament. The move came after several partially successful…
KARACHI: 97 Pakistani lost their lives and over hundred sustained injuries in a planned attack by terrorists on Monday morning at the entrance of emergency ward of Civil Hospital Quetta.…
For the first time in Pakistan civilian government and military are on the same page and seem committed to steer country out of trouble waters. Pakistan led by Nawaz Sharif…
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…
KARACHI: Chairman Federal Board of Revenue (FBR) Tariq Bajwa has left for Dubai on Friday to attend the meeting with IMF, Member Customs Nisar Mohammad Khan is already in Dubai…
KARACHI: Pakistan has succeeded in stabilizing its economy, but steady implementation of reforms will be vital if the country hopes to find a place among the world’s fast-growing emerging markets,…