The founder and CEO of Sarmayacar Rabeel Warraich has announced the launch of the $40 million Climaventures Fund, a groundbreaking… Read More
Finance Minister Pitches Pakistan’s Agriculture, IT, Energy Sectors to US, UAE Investors
Federal Minister for Finance and Revenue Muhammad Aurangzeb attended the Roundtable with Institutional Investors organized by Jefferies International. He briefed… Read More
COLABS Raises $2 Million in Pre-Series A Round
Pakistan’s co-working platform COLABS has raised $2 million in a pre-Series A round led by UAE’s Shorooq Partners and with… Read More
Banks Offer More Money to Pakistan After Improved Credit Ratings, New IMF Bailout
With an improvement in Credit Ratings of Pakistan and approval of the International Monetary Fund’s (IMF) Extended Fund Facility Program,… Read More
Dead Pakistanis Are Still Submitting Tax Returns to FBR
Mobile Phone SIM cards registered in the names of deceased individuals continue to function across Pakistan while income tax returns… Read More
Rupee Stable Against US Dollar, Rises to 299 Against Euro
The Pakistani rupee (PKR) was stable against the US Dollar (USD) today after opening trade at 278 in the interbank… Read More
Govt Hikes Sales Tax on Tractors to 14%
The federal government has increased sales tax on tractors from 10 to 14 percent from October 23. The FBR issued… Read More
Pakistan, China to Finance Karachi-Peshawar Railway (ML-1) Project in Phases
Pakistan and China have decided not to proceed with the lump sum $6.8 billion financing agreement for the Karachi-Peshawar Railway… Read More
Finance Minister Advocates for Multilateral Financing Solutions for Pakistan
The Federal Minister for Finance and Revenue Muhammad Aurangzeb, attended the G-24 Ministers and Governors Meeting held in Washington DC.… Read More
Finance Minister Optimistic on Getting Big Energy Debt Relief from China
Finance Minister Muhammad Aurangzeb said Pakistan’s request to extend energy sector debt payments has been met with an encouraging response… Read More
Rupee Slips 2nd Consecutive Day Against US Dollar
The Pakistani rupee (PKR) posted small losses against the US Dollar (USD) to start the week after opening trade at… Read More
FBR Imposes Surcharge on Late Filers to Get on Active Taxpayers’ List
Late filers of income tax returns have to deposit “surcharge” to the Federal Board of Revenue (FBR) for including their… Read More
