The government has imported the most expensive sugar in Pakistan’s history for the Utility Stores Corporation, The Express Tribune reported.… Read More
Banks Refuse to Finance Power Projects as Circular Debt Rises to Rs. 2.33 Trillion
Commercial banks are refusing to finance power projects on account of the energy sector’s circular debt that has soared to… Read More
Oraan Raises $3 Million in Pakistan’s First Women-Focused Startup Seed Round
The fintech startup Oraan has raised $3 million in Pakistan’s first seed round led by women entrepreneurs. The round was… Read More
FBR Empowers NADRA to Use AI for Enhancing Tax Base
The Federal Board of Revenue (FBR) has allowed the National Database and Registration Authority (NADRA) to use modern computational methods… Read More
NLC Launches TIR Operations for Turkey and Azerbaijan
Pakistan’s National Logistics Cell has launched Transports Internationaux Routiers operations to Turkey and Azerbaijan. The National Logistics Cell (NLC) has… Read More
FBR Issues Circular to Explain Digital Mode Payment By Corporate Sector
The Federal Board of Revenue (FBR) on Thursday issued an income tax circular to explain payment through digital mode by… Read More
SBP Reserves Fall by $479 Million in One Week
Pakistan’s foreign exchange reserves declined to $26.40 billion in the week that ended September 17, the State Bank of Pakistan… Read More
Rupee Set to Break All-Time Record Against the US Dollar
Continuing with its declining dynamism, the Pakistani Rupee (PKR) lost 35 paisas against the US Dollar (USD) on Thursday to… Read More
FBR’s Intelligence Arm Unearth Tax Evasion of Rs. 460 Million
As a part of FBR [Federal Board of Revenue] countrywide drive to curb tax evasion, the Directorates of Intelligence &… Read More
SBP Orders Banks to Share Five-Day Schedule of Upcoming Import Payments
In a bid to better monitor and forecast imports, the State Bank of Pakistan has directed banks to share a… Read More
Commerce Ministry Issues Rs. 6 Billion Refunds on Export Duties
The Ministry of Commerce has released refunds of Rs. 6 billion under the duty drawback on the local taxes and… Read More
Cut-off Yield on T-Bills Increased By Up To 49 Basis Points
The government raised Rs. 731 billion in a treasury bills auction held, in which cut-off yields on treasury bills were… Read More
