The International Monetary Fund (IMF) has proposed a new standard individual income tax rate of up to 45 percent on… Read More
MCB Bank, PITB and Mastercard to Collaborate on PayZen For Digital Payments in Pakistan
MCB Bank Limited has entered into a strategic partnership with the Punjab Information Technology Board (PITB) and Mastercard Asia/Pacific Pte.… Read More
Inflation, Equity, Interest Rates Are Major Factors Affecting Remittance: ADB
Macroeconomic variables including economic activity, inflation, equity markets, and interest rates — both in Pakistan and migrants’ host countries —… Read More
SBP Appoints 9 Banks As Primary Dealers For Investing in Govt Securities
The State Bank of Pakistan (SBP) has appointed nine banks and one financial institution as the primary dealers for participating… Read More
IATA Demands Pakistan to Lower Tax Rate on Airline Tickets
The International Air Transport Association (IATA) has called on Pakistan to reduce the new tax on airline tickets. The federal… Read More
Ministry of Health Approves Rs. 4 Billion Upgrade of Polyclinic Hospital in Islamabad
The Ministry of Health has approved a PC-1 project worth Rs. 4 billion for the upgradation of Polyclinic Hospital. Dr.… Read More
IMF Wants Pakistan to Abolish Its Sovereign Wealth Fund for New Loan
The International Monetary Fund (IMF) has demanded the federal government to eliminate Pakistan Sovereign Wealth Fund (PSWF) for a new… Read More
Rupee Returns to Winning Ways Against US Dollar, Other Currencies
The Pakistani rupee (PKR) came back stronger against the US Dollar today after opening trade at 278 in the interbank… Read More
China Energy Engineering Corp to Invest More in Pakistan’s Renewable and Hydropower Projects
The Managing Director of China Energy Engineering Corporation (CEEC) Wang Huihua in a media briefing announced to significantly increase investments… Read More
Finance Minister to Visit China This Week For $15 Billion Energy Debt Restructuring
Finance Minister Muhammad Aurangzeb will go to China this week seeking restructuring of $15.4 billion Chinese energy debt. Planning Minister… Read More
FBR Sees Tax-to-GDP Ratio At 9% in Current Fiscal Year
The Federal Board of Revenue (FBR) revenue target for 2024-25, without budgetary measures (new taxes) is projected at Rs. 11,174… Read More
PSX Records Highest Ever Closing After Crossing 80,500 Points
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed at an all-time high today after crossing 80,000 for the third… Read More
