FBR registers landmark 55% increase in tax returns

ISLAMABAD: Federal Board of Revenue has registered a landmark 55 per cent increase in the number of Income Tax returns filed until yesterday as compared to the corresponding period last year. According to the Board,...

Pakistan among economies facing greatest funding risks: Moody’s

LONDON: Sri Lanka, Armenia and Pakistan top the list of smaller emerging economies most vulnerable to refinancing risks, because they face a combination of large upcoming repayments and low foreign currency reserves, ratings agency...
Dollar soars to Rs133.4 in interbank market

Dollar soars to Rs 137 in interbank market

KARACHI: The US dollar soared to Rs. 137 in the interbank market on Tuesday, said forex dealers. The dollar was up by Rs. 12.75 as the market opened today as it stood at Rs. 124.25...
Pakistan didn't formally approaches IMF for financial assistance: chief economist

Pakistan didn’t formally approaches IMF for financial assistance: chief economist

NUSA DUA: International Monetary Fund Chief economist Maurice Obstfeld said on Tuesday the fund has not been formally approached by Pakistan for financial assistance, and the country's cooperation with China has both financial benefits...
ECNEC

Govt decides to approach IMF for bailout package

ISLAMABAD: The government has decided to approach the IMF for bailout package, federal finance minister said on Monday. According to Federal Finance Minister Asad Umar, the prime minister has approved negotiation with the IMF for...

Pakistan Stock Exchange plummets over 1300 points

KARACHI: The Pakistan Stock Exchange continued its downward spiral as the KSE-100 plummeted over 1,300 points on Monday. KSE-100, the benchmark index of the Pakistan Stock Exchange decreased by 1,328.06 points or 3.39% to 37,898.29...

FBR decides to go after 169 wealthy non-filers

ISLAMABAD: Federal Board of Revenue has started a massive drive for the recovery of taxes from 169 big and influential tax evaders. According to FBR, crackdown on the high-value targets has been launched on the...
ECC to approve gas load shedding plan for winter season today

ECC allows export of one million metric ton surplus sugar

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet has allowed export of one million metric ton surplus sugar. The approval was given at a meeting of the Committee, chaired by Finance Minsiter Asad Umar in...
Pakistan-Saudi Arabia

Pakistan requests Saudi Arabia for oil on 3-month deferred payment

ISLAMABAD: Pakistan has formally requested the Saudi Arabia for oil on three-month deferred payment. The request was made during a meeting of the Pakistani team led by Minister for Energy Omar Ayub with Saudi delegation...
Saudi Arabia business delegation arrives in Pakistan

Saudi Arabia business delegation arrives in Pakistan

ISLAMABAD: A high-level Saudi delegation arrived in Pakistan on Sunday to hold bilateral trade talks between the two countries. Saudi Finance Minister Mohammed Al-Jadaan is also expected to land in Islamabad in a couple of...

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