The government will likely waive off income tax on the profit earned by overseas Pakistanis from the investment they make… Read More
Pakistan LNG in Financial Crunch Due to Non-payment of Receivables
The wholly state-owned Pakistan LNG Limited (PLL) has defaulted with the United Bank Limited (UBL) on LNG payments dues, said… Read More
Pakistani Fintech Startup Raises Seven-Figure Seed Funding
Pakistani fintech, Safepay, has raised seed funding from global financial technology platform company Stripe, MENAbytes reported on Thursday. The Karachi-headquartered… Read More
FBR to Stop Smuggling by Restricting Movement of Goods Outside Tax-Exempt Areas
The Federal Board of Revenue (FBR) has taken strict enforcement measures to restrict the movement of goods including foam, ghee,… Read More
Pakistan Ranked Among Top in Govt Support for SMEs During Pandemic
The “Impact of COVID-19 on SMEs” survey, conducted jointly by Small and Medium Enterprises Development Authority (SMEDA), Asian Development Bank… Read More
Pakistani Rupee Gains Against the US Dollar Third Day in a Row
The Pakistani Rupee (PKR) continues to maintain its strength against the US Dollar (USD) in the international currency market, staying… Read More
K-Electric Seeks NEPRA’s Permission to Issue Backdated Bills to Consumers for Rs. 3.9 Billion
K-Electric has sought permission from National Electric Power Regulatory Authority (NEPRA) to charge additional Rs. 3.9 billion to consumers backdated… Read More
Bank Deposits Reach Rs. 17.1 Trillion in January 2021
Bank deposits have increased to Rs. 17.1 trillion in January 2021, up by 16.40 percent from Rs. 14.7 trillion in… Read More
SBP Clarifies Deduction on Balance Inquiry Through ATMs
The State Bank of Pakistan (SBP) has clarified that no instructions were issued to banks for charging customers on balance… Read More
Pakistani Rupee Continues to Gain Against the US Dollar
The Pakistani Rupee (PKR) continues to maintain its strength against the US Dollar in the international currency market, staying below… Read More
Pakistan Might Seek Debt Relief from China on Power Sector Loans: Bloomberg
Pakistan is planning to request China for relief on payments for the power projects that Beijing has been financing over… Read More
SBP Plans to Raise Rs 4.92 trillion Through Sale of PIBs and Treasury Bills
The government is planning to raise Rs. 4.92 trillion through the sale of treasury bills and bonds till the end… Read More
