FBR notifies penalties for defaulters in amended tax law
ISLAMABAD: The Federal Board of Revenue (FBR) has issued a notification in the wake of presidential ordinance for amendments in the tax...
Foreign investment in T-bills touches record $2.2 billion
KARACHI: Pakistan received a record flow of foreign investment of $2.225 billion in treasury bills during the first seven months of current...
Banks to provide account holders’ details to FBR this month
KARACHI: In a major development towards transparency and to check suspected undocumented money in the banking channels, all commercial banks have agreed ...
Govt hesitant to link SBP governor’s tenure with performance
ISLAMABAD: Prime Minister Imran Khan-led government of the Pakistan Tehreek-e-Insaf (PTI) is reluctant to link tenure of State Bank of Pakistan (SBP)...
Imran swings into action as flour prices skyrocket
–PM orders action against millers responsible for ‘illegal price hike’
–KP, Punjab suffer as expensive flour takes a toll on people; Punjab govt...
Myanmar, China ink deals to accelerate BRI
NAYPYITAW: China and Myanmar inked dozens of deals on Saturday to speed up infrastructure projects in the Southeast Asian nation, as Beijing seeks...
CDNS to be safeguarded against ill-gotten money, terror financing: MoF
ISLAMABAD: The Finance Division, through the promulgation of National Savings Schemes (AML-CFT) Rules, 2019, has decided to engage an AML-CFT compliant bank...
‘Lahore’s Mughalpura dry port to be operational next week’
LAHORE: Railways Minister Sheikh Rasheed Ahmed announced on Saturday that Lahore's Mughalpura dry port, which remained closed for the last six years, would...
US-China trade deal to reduce global uncertainty, IMF chief says
WASHINGTON: The newly signed China-US phase-one trade deal will reduce the uncertainty that has impeded global economic growth, International Monetary Fund (IMF) Managing...
PSX may suspend trading in HWQS shares
The sugar manufacturer was already placed on defaulters' list since 11th Nov 2019
US allows Chevron to continue Venezuelan operations till April 22
CARACAS: The US Treasury Department on Saturday renewed a license allowing Chevron, the last US energy company operating in Venezuela, to continue...
Australia’s farmers count cost after bushfires wipe out livestock
In the wake of ferocious bushfires that tore through Kangaroo Island, local farmer Rick Morris has endured the gruelling task of burying...
Export of artificial jewellery declines 8pc in five months
ISLAMABAD: The export of artificial jewellery plunged by 8.79 per cent during the first five months of the current fiscal year (FY20)...
Pakistan spends $89m on import of insurance services
ISLAMABAD: Pakistan spent $89.621 million to acquire foreign insurance services from various countries during the first four months of the financial year...
Weekly inflation dips 0.18pc
ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the combined consumption group fell by 0.18 per cent for the week ended on...