Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Consumer price index (CPI) for the month of November 2018 is expected to rise to 7.51 percent as compared to an increase of 6.78 percent registered in October 2018,…
KARACHI:Foreign exchange reserves held by the State Bank of Pakistan (SBP) fell 2.62 percent on a weekly basis, according to data released on Thursday. The continued drop in the reserves…
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: 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: State Bank of Pakistan (SBP) has advised people not to share personal information like CNIC number, bank account number, password, etc. on fake calls from individuals impersonating as officials…
KARACHI: Headline inflation for the month of October 2018 clocked in at 7.0 percent, well above consensus expectations and the highest since September 2014. On monthly basis, consumer price index…
KARACHI: As a result of security breach of payment cards of one of the banks in Pakistan yesterday and their unauthorized use on different delivery channels i.e. at ATMs and…
KARACHI: State Bank of Pakistan has released its Annual Report on the State of Pakistan’s Economy for the fiscal year 2017-18 today. According to Report, the growth momentum gained further…
KARACHI: The State Bank of Pakistan (SBP) in its Monetary Policy meeting held today announced a rise of 100 basis points in its Policy Rate to 8.5% in line with…
KARACHI: Pakistan Customs is all set to implement electronic origin data exchange under China-Pakistan free trade agreement (FTA), which would enable real time recording of trade between the two countries…
KARACHI: MCC Appraisement West has detected large scale money laundering through gross over invoicing of solar PV panels imported from China, and advocated concerted efforts involving State Bank of Pakistan…
KARACHI: Finance Bill 2018 seeks to impose a restriction that sales tax and federal excise audit of a registered person can be conducted only once in three years. The Bill…
KARACHI: The State Bank of Pakistan (SBP) and Federal Board of Revenue (FBR) has formally launched online tax collection system. This will allow the tax payers to pay FBR taxes…
KARACHI: State Bank of Pakistan (SBP) has released its First Quarterly Report for FY18 on the State of Pakistan’s Economy. According to the Report, preliminary data on key macroeconomic indicators…
KARACHI: Ministry of Commerce has endorsed the mechanism devised by State Bank of Pakistan (SBP) for payment of duty and taxes on import of vehicles under personal baggage, transfer of…
KARACHI: In view of the Prime Minister Package of Incentives for Exporters approved by Economic Coordination Committee (ECC) of the Cabinet in order to provide duty drawback of taxes collected…
KARACHI: State Bank of Pakistan (SBP) has maintained the key interest rates unchanged at 5.75 percent for the months of September-October 2017. Macroeconomic environment remains conducive to growth without impacting…
KARACHI: Pakistan stocks market took a breather adjusting 1.95 percent during the week ended May 19, 2017 and investors flocked to book profits as MSCI upgrade euphoria settled down ahead…
KARACHI: The Monetary Policy Committee of State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 5.75 percent. The inflation expectations in the current fiscal year…
KARACHI: Foreign direct investment in Pakistan has surged by 10 percent to $1.080 billion primarily on the back of flows from China under China Pakistan Economic Corridor (CPEC), State Bank…