Customs set to end cases against Digicom, release smuggled Q-Mobile phones
Digicom Trading Pvt Ltd had cleared the containers of the phones in the cover of LED lights (bulbs) via a green channel on 31 October 2017. These mobile phones were brought to Pakistan without getting an approval of Pakistan Telecommunication Authority (PTA) and also without getting their IMEI numbers registered
US dollar stands strong at Rs121.50, rupee continues to fall
The dollar continued its upward trend in the interbank market on Thursday closing at Rs121.50, ahead of Eid, touching its intraday high at Rs122.00, meanwhile the State Bank of Pakistan’s (SBP) revaluation rate was Rs121.40.
How Arif Naqvi’s fall from grace put Abraaj on brink of bankruptcy
Abraaj filed a petition in the Cayman Islands, requesting the court to appoint PwC as their provisional liquidator
Pakistan imported 10 million tons LNG in last three years
LNG imports have resulted in savings of $3 billion to the national exchequer
Budget deficit widens to Rs2.1 trillion during July-May FY18
The finance ministry officials quoting estimates said during April and May 2018, the budget deficit widened Rs617 billion or 1.8 percent of GDP
Mobile phone card tax suspension could cause Rs123 billion loss to national exchequer
Before the apex court decision, provinces were collecting around 19.5 percent tax on a prepaid phone card, so their revenue collection losses would touch Rs75 billion annually
Al-Futtaim procures land in Faisalabad to setup auto plant
It is a joint venture between Al-Futtaim Automotive International of Dubai and Renault who in November 2017 signed an exclusive agreement for assembly and distribution of Renault vehicles in Pakistan
Insafian vs Nooni: The choice before the voters
How the major national parties stack up on matters of economic policy
Energy: colliding visions for powering Pakistan
Both the PTI and PML-N offer competing proposals for how best to manage Pakistan’s electricity generation sector
Fixing a badly broken school system
Both parties agree that the school systems need fixing, and both are focused foremost on physical infrastructure
FBR for AEO programme to boost trade
In order to remove the hurdles in cross-border trade, Federal Board of Revenue (FBR) has decided to make rules regarding the Authorised Economic Operator (AEO) programme.
Pakistan’s trade deficit touches record high of $34b in July-May FY18
The total increase in imports during July-May FY18 was around 14 percent compared to corresponding last FY17
Oil industry gets its wish, petrol & diesel profit margins jacked up
The Federal Board of Revenue’s (FBR) inability to formulate a mechanism for general sales tax (GST) collection under a deregulated system, allowed the oil industry to get these margins revised in line with an old Consumer Price Index (CPI) based formula
Property tax collection plunged 20 percent in July-April FY18
Punjab’s property tax collection fell 31.62 percent, to touch Rs2.66 billion in first ten months of FY18, compared to Rs3.88 billion in the same period of FY17
Pakistan, Russia ink MoU to conduct feasibility study for undersea gas pipeline
The FO spokesman said both the countries had finalized several proposals in the energy sector which included laying of the North-South Gas Pipeline, LNG import from Russia, installation of air-mix plant and setting up a 600MW combined cycled power plant