The Pakistani rupee marginally gained some ground against the US Dollar during intraday trade today after opening trade at 284.3… Read More
Power Cement Limited to Re-profile Long-Term Debt of Rs. 11.9 Billion
Power Cement Limited (PSX: POWER) has decided to re-profile long-term obligations of Rs. 11.9 billion, the company informed the Pakistan… Read More
Ishaq Dar Launches 4 New Shariah Compliant Products Under National Savings
Federal Minister for Finance and Revenue, Ishaq Dar, launched the first-ever Shariah-compliant products under National Savings on Monday. The Finance… Read More
FBR Increases Additional Sales Tax on Unregistered Persons to 4% in Finance Bill 2023
The Federal Board of Revenue (FBR) has increased the 3 percent sales tax (further tax) on unregistered persons to 4… Read More
PSX Rallies With 1000 Point Gain Expecting IMF Announcement [Updated]
The Pakistan Stock Exchange (PSX) rallied in the week’s first trading session as bulls took control of the market with… Read More
DNI Group Invests $1 Million in Pakistan’s Embedded Finance Startup Neem
Neem, a leading embedded finance platform in Pakistan, and DNI group, a prominent investment firm operating across 28 countries, have… Read More
Pakistan is Raising Taxes Even Further to Secure IMF Loan
In a final attempt to secure a stalled rescue package with the International Monetary Fund (IMF), Finance Minister Ishaq Dar… Read More
Banks Discouraging Traders from Opening LCs on Solar Panel Imports
Banks are discouraging traders from opening letters of credit (LCs) against imports of solar panels and refusing to arrange the… Read More
Tax Expenditures of Pakistan and India Lowest in the World: FBR
Pakistan had tax expenditure equal to 2.8 percent of the gross domestic product (GDP) and India had an expenditure of… Read More
Rupee Ends Week At 286.74 Against US Dollar, Gains Big Against Euro
The Pakistani rupee was stable against the US Dollar during intraday trade today after opening trade at 286.7 in the… Read More
Pakistan’s Dollar Bonds Advance After Zambia Rescue Gives Hope to Stressed Economies
Pakistani and Sri Lankan dollar bonds advanced on Friday with sentiment for distressed debt getting a boost after Zambia clinched… Read More
FBR Launches Action Against Fashion Designers Forging Fake Sales Tax Invoices
The Federal Board of Revenue’s (FBR) Directorate of Intelligence & Investigation (Inland Revenue) Karachi has tightened rings against Fashion designers… Read More
