The government has decreased sales tax on motor spirit from Rs. 16.08 per liter (June 16) to Rs. 15.88 per… Read More
FBR Enables Telcos to Adjust Withholding Tax Deductions on Import of Equipment
The Federal Board of Revenue (FBR) has announced that the declaration of the telecommunication sector as an industrial undertaking will… Read More
[Exclusive] Pakistanis Can Now Invest in Stocks Using Just A Phone: Chairman KASB
Despite the incumbent government’s insistence to create an impression that the stock market performance is indicative of the overall economic… Read More
Finnish Fund for Industrial Cooperation Ltd Shows Interest in Equity Investment in TPL Insurance
TPL Insurance Limited (a subsidiary of TPL Corp Limited) announced that the Finnish Fund for Industrial Cooperation Ltd, a Private… Read More
Pakistan’s Oil Sales Rose by 18% YoY in FY2021
Pakistan’s oil sales increased by 18 percent year over year in FY2021 and registered at 19.4 million tons, according to… Read More
Pakistan Had its Highest Ever Exports in FY 2021: Razak Dawood
Pakistan’s exports of goods during the FY2021 were recorded at $25.3 billion, announced Adviser to Prime Minister on Commerce, Abdul… Read More
Foreign Investment in PIBs Brought $256 Million to Pakistan: SBP
Foreign investments in the Pakistan Investment Bonds (PIBs) brought net inflows of $256 million during the fiscal year (FY) 2021,… Read More
First REIT in Six Years to be Launched for a Project in Karachi
After six years, Pakistan is preparing to launch a real estate investment trust (REIT) as part of the incumbent government’s… Read More
Rupee Gains Big Against the US Dollar With 6.25% Improvement in FY21
The Pakistani Rupee (PKR) has improved by Rs. 10.51 or 6.25% against the US Dollar during the current fiscal year… Read More
IHC Orders to Dismiss National Bank’s President and Chairman BoD
The Islamabad High Court (IHC) has issued orders for the removal of the National Bank of Pakistan (NBP) President, Arif… Read More
SECP Lifts ZTBL’s Penalty With a Warning
The Securities and Exchange Commission of Pakistan (SECP) has exonerated the Zarai Taraqiati Bank Limited (ZTBL) from an applicable penalty… Read More
Pakistan Raised its Highest Ever Capital From IPOs in FY 2020-21: Report
The Pakistan Stock Exchange (PSX) had the highest ever equity during FY2021 that was raised via initial public offerings (IPOs)… Read More
