Traders have proposed reducing the sales tax to single-digit phase-wise, besides demanding that double taxation shall be eliminated. Traders have… Read More
SBP Directs ADs to Transfer Export Development Surcharge Directly to Central Bank
The State Bank of Pakistan (SBP) has directed Authorised Dealers (ADs) in foreign exchange to transfer the consolidated amount of… Read More
Rupee Ends Week With Gains Against US Dollar, Other Currencies
The Pakistani rupee (PKR) gained further ground and posted gains against the US Dollar today. The Pakistani rupee was largely… Read More
SECP and AAOIFI to Host First International Conference on Islamic Capital Markets in May
The Securities and Exchange Commission of Pakistan (SECP) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) are… Read More
Weekly Inflation Soars to All-Time High of 47.23%
Weekly inflation remained above the 40 percent barrier for the ninth straight week and soared to 47.23 percent on a… Read More
Former SBP Chief Urges Resolution of Budget Deficit-CAD Puzzle to Help Country Advance
Former governor State Bank of Pakistan (SBP) Dr. Reza Baqir has pointed out a significant connection between the country’s budget… Read More
Pak-Qatar Takaful Group Had A Solid 2022 Despite Economic Turmoil
Pakistan’s premier and pioneer Islamic financial conglomerate, Pak -Qatar Group has announced its financial results for the year ended December… Read More
Engro Corp’s Profits Decline by 41% to Rs. 8.79 Billion in Q1
Pakistan’s premier conglomerate, Engro Corporation Limited (PSX: ENGRO) announced its financial results for the three months that ended on March… Read More
Foreign Direct Investment Increased by 62% to $163.4 Million in March 2023
In March 2023, net foreign direct investment (FDI) in Pakistan increased to $163.4 million, which is a significant improvement from… Read More
Pakistan Officially Places First Order to Import Discounted Oil From Russia
Pakistan has placed its first order for discounted Russian crude with one cargo scheduled to arrive at Karachi port in… Read More
Foreign Loans Decline by 39.1% in 9 Months Amid IMF Holdout
The government borrowed $7.764 billion from various financing sources during the first nine months of fiscal year 2022-23, compared to… Read More
Govt Caught Breaking IMF Mandated Rule By Borrowing Billions From State Bank
The State Bank of Pakistan (SBP) loaned Rs. 239 billion to the coalition government in the first two months of… Read More
