The Finance Ministry has received a Letter of Intent (LoI) from the International Monetary Fund (IMF), paving the way for… Read More
Govt to Give Tax Exemptions to UAE Companies Investing in Pakistan
The government is likely to grant tax exemptions of approximately Rs. 25 billion to United Arab Emirates (UAE) based companies… Read More
Govt Bans Use of Potable Water for Construction Activities
The government is likely to ban the use of potable water in service stations, construction activities, and gardening to save… Read More
FBR Removes Officer for Money Laundering
The Federal Board of Revenue (FBR) has sacked an official against charges of money laundering after an inquiry. Inspector-IR (BS-16),… Read More
Highest Ever Decline in Rupee Value Raises External Debt by Rs. 3500 Billion
Pakistan’s current stock of external loans has escalated by Rs. 3,500 billion as the Rupee (PKR) has steeply declined against… Read More
FIA’s Cyber Crime Wing Received Over 100,000 Complaints in 2021
The Cyber Crime Wing (CCW) of the Federal Investigation Agency (FIA) has registered 442 complaints against the unauthorized issuance of… Read More
Pakistan’s Share in Bilateral Trade With China Down to 14% in FY22
Pakistan’s share in the bilateral trade with China was squeezed by over 3 percent to just 14 percent during the… Read More
Govt Begins Preparations for On-Site Visit of FATF Team
The government has initiated preparations for the forthcoming on-site visit of the high-level team of the Financial Action Task Force… Read More
Foreign Direct Investment in Real Estate Sector Declined in FY22
The net foreign direct investment (FDI) in the real estate sector of the country saw a decline during the fiscal… Read More
Six Names Under Consideration for New Governor SBP
The Ministry of Finance has forwarded six names to the Prime Minister’s Secretariat for the appointment of a new Governor of… Read More
Pakistan’s Debt Increases by Rs. 6 Trillion Due to Rupee’s Fall Under New Govt
The burden of external debt on Pakistan has increased by around Rs. 6 trillion due to the depreciation of the… Read More
FBR Penalizes Administrative Officer Under Harassment of Women Act
The Federal Board of Revenue (FBR) has imposed a minor penalty on Anwar Ali Khamisani, Administrative Officer (BS-17), posted at… Read More
