Profit outflow shows marginal increase in first month of FY19-20
KARACHI: Repatriation of profits and dividends on foreign investment rose to $138.2 million in the first month of the current fiscal year...
Govt makes it mandatory for companies to share data with credit bureaus
ISLAMABAD: The government has made it mandatory on financial institutions, retailers, telecom service providers and utility companies to provide all relevant data...
Pakistan, Saudi Arabia to share trade data as part of FATF recommendation
ISLAMABAD: Pakistan and Saudi Arabia have agreed to share trade data and values of goods and exports as part of the Financial...
Govt raises cost limit for gasification schemes from Rs50m to Rs300m
ISLAMABAD: The government has increased the cost limit for undertaking gas schemes from Rs50 million to Rs300 million and has also changed guidelines...
FBR releases sales, income tax refunds worth Rs23.7bn
The government has released sales tax refund of Rs22 billion and income tax refund of Rs1.7 billion, Federal Board of Revenue (FBR)...
GIDC waiver doesn’t benefit individuals, PM claims
ISLAMABAD: Petroleum Minister Omer Ayub on Tuesday said the decision to waive off Rs208 billion in taxes to the wealthy industrialists was taken...
CDWP approves seven projects worth Rs10bn
ISLAMABAD: The Central Development Working Party (CDWP) has referred two major foreign-funded projects in the transport sector to the Executive Committee of National...
Symposium highlights need to promote behavioural economics in Pakistan
LAHORE: Punjab Finance Minister Makhdum Hashim Jawan Bakht said on Tuesday that the government has developed a new organogram for Punjab province to...
Steel producers voice against higher import tariff on unserviceable auto parts
ISLAMABAD: Representatives of the steel-producing companies, which are facing multiple issues regarding import of raw materials, have voiced against the imposition of...
PM meets top businessmen, assures facilitation
ISLAMABAD: Prime Minister Imran Khan on Tuesday reiterated that the government was striving hard to provide all possible facilities to businessmen in...
Govt receives licence renewal fee from two telecos
The government has received a payment of $224.6 million from Telenor and Rs35.262 billion from Jazz as partial settlement of the licence...
Only borrowed Rs3.44tr to finance budget deficit, MoF clarifies
ISLAMABAD: The government only borrowed Rs3.44 trillion to finance its budget deficit during the financial year 2018-19 (FY19) while the figure of Rs11...
Business reforms imperative to boost industrial growth: Dawood
ISLAMABAD: By introducing business reforms in the country, the government intends to boost its industrial and commercial potential, said Adviser to Prime Minister...
Urea offtake likely to surge 43pc in Aug
ISLAMABAD: Urea sales in Pakistan during the month of August 2019 are expected to jump by 43pc to 616,000 tonnes on a yearly...
PIA announces 10pc discount on Defence Day
Pakistan International Airline (PIA) on Tuesday announced a discount on airfare for passengers on Defence Day.
The national carrier announced that passengers will...