Pak Suzuki Motor Company Limited (PSMC) has announced a staggering loss after tax (LAT) of Rs. 10 billion in the… Read More
IFC Approves $400 Million Financing for PTCL to Buy Telenor Pakistan
The World Bank’s International Finance Corporation (IFC) has approved a $400 million loan for Pakistan Telecommunication Company Limited (PTCL) to… Read More
Tax Lawyers Under Stress After FBR’s New Tajir Dost Scheme
The lawyers’ community is irritated that the Federal Board of Revenue’s (FBR) Tajir Dost Scheme “Announcement” for traders to file… Read More
Pak Rupee Ends Week in Red Against US Dollar
The Pakistani rupee was red 3rd day in a row against the US Dollar after opening trade at 279 in… Read More
Risk or War: Banks Will Punish Govt For New Lending Tax
Banks have a new target on their back. Instead of fighting inflation, the federal government has decided to tax higher… Read More
Ishaq Dar Summons Inaugural Meeting of Privatization Committee
Foreign Minister Ishaq Dar has summoned an inaugural session of the Privatization Committee of the Federal Cabinet on Saturday. The… Read More
Pakistan’s Public Debt Up By Rs. 4 Trillion in 8 Months
The total public debt stock of the federal government increased by 19 percent on a year-on-year (YoY) basis in February… Read More
Exporters Offload US Dollars At Banks Amid Fears of Devaluation
There is a massive influx of US Dollars at Pakistani banks as exporters are offloading their dollar proceeds amid fears… Read More
Economic Outlook on Pakistan Gets Challenging With Global Oil Prices Rising
Oil globally going up has put up a new set of challenges for the slow-growth and high-inflation economy of Pakistan.… Read More
Pak Rupee Down 2nd Consecutive Day Against US Dollar
The Pakistani rupee fell second day in a row against the US Dollar after opening trade at 279 in the… Read More
Pakistan, Azerbaijan Aim to Boost Economic Ties
Federal Minister for Commerce, Jam Kamal Khan, and Ambassador of Azerbaijan to Pakistan, Khazar Farhadov, met on Thursday to discuss… Read More
Govt to Impose More Tax on Banks With Bad Lending Record
The government will now charge an additional 10-16 percent tax scheme on banks if lending to the private sector falls… Read More
