SBP releases first quarterly report on Pakistan’s economy for FY20
--Macroeconomic stabilisation process has led to a decline in twin deficits
--Achieving the real GDP growth target of 4pc appears unlikely
KARACHI: The State Bank...
KSE-100 plunges over 1,000 points as geopolitical tensions rise
KARACHI: In line with the trends in world markets, the Pakistan Stock Exchange (PSX) nosedived on Monday, as the benchmark KSE-100 Index slipped...
Chinese firm keen to help Pakistan in waste management
ISLAMABAD: A Chinese company has expressed a keen interest in making investments in Pakistan’s waste management sector.
Talking to APP in Beijing, the...
Safe-haven currencies in demand amid US, Iran tension
LONDON: The yen and other safe-haven currencies were in demand on Monday, along with assets such as gold, as investors fretted that...
Zero import duty unsuitable for domestic cotton production, says KCA chief
Days after the Economic Coordination Committee (ECC) waived all duties and taxes on import of cotton, Karachi Cotton Association (KCA) Chairman Khawaja...
Pakistan’s trade deficit falls by 30pc to $11.64bn in six months
ISLAMABAD: While the figures of Pakistan Bureau of Statistics (PBS) are yet to be finalised, the Ministry of Commerce has claimed that...
Senate refers GI Bill, 2020 to standing committee for further deliberation
--Once passed, Pakistan-origin products will be branded accordingly, valued highly in the global market
ISLAMABAD: The upper house of the Parliament has referred...
FBR unearths tax evasion scam of billions of rupees
ISLAMABAD: The intelligence and investigation wing of the Federal Board of Revenue (FBR) has unearthed a tax evasion scam of billions of...
Pakistan’s trade deficit falls by 30pc to $11.64bn in six months
--3.21 per cent growth recorded in country’s exports in first half of ongoing fiscal year
ISLAMABAD: While the figures of Pakistan Bureau of...
Sales tax on imported cotton raised to 10pc
ISLAMABAD: The Federal Board of Revenue (FBR), against the decision of the Economic Coordination Committee (ECC), has increased the sales tax on imported...
Amazon considers opening stores in Germany
BERLIN: Amazon.com is considering opening stores in Germany, its second biggest market after the United States, the ecommerce company’s head in the...
PARC to introduce 200 food brands to reduce import dependence
ISLAMABAD: Pakistan Agriculture Research Council (PARC) would introduce about 200 national brands of different food products in the local market in order...
‘Revenue collection surges 16.3pc to Rs2.08tr’
ISLAMABAD: The Federal Board of Revenue (FBR) has said that tax collection in the first six months stood at Rs2,083 billion, which was...
SNGPL to refund Rs513m to consumers over low pressure
ISLAMABAD: The Sui Northern Gas Pipelines Limited (SNGPL) has announced that it will refund Rs513 million to its consumers in cases where...
Tax ordinance amended to promote trade activities: FBR
Tax Amendment Ordinance (TAO) has been corrected to accommodate the reasonable demands of traders, said a press release issued by Federal Board...