Fatima Fertilizer Company Limited (FATIMA), one of the fastest-growing industrial conglomerates in Pakistan, on Monday announced that its Board of… Read More
Rupee Falls Against US Dollar As Default Scare Erases Gains
The Pakistani Rupee (PKR) was all red against the US Dollar (USD) and posted losses during intraday trade today. It… Read More
Low Real Estate Taxes and Import Duties to Blame for Pakistan’s Failing Economy: World Bank
Pakistan is stuck in a cycle of repeated external crises owing to distortions such as under-taxed real estate, import duties… Read More
Engro Corp Wants to Get into Pakistan’s Telco Tower Business
Pakistan’s top-tier conglomerate, Engro Corporation Limited (PSX: ENGRO), is working on investing in the country’s tower infrastructure sector. According to… Read More
FBR to Auction Off Properties and Trademarks of Tax Defaulter Brands
The Federal Board of Revenue (FBR) has decided to sell/auction the copyrights/trademarks and movable/immovable properties of business brands of big… Read More
Rupee Loses Big Against British Pound, Euro Ahead of Tricky $1 Billion Bond Payment
The Pakistani Rupee (PKR) was stable against the US Dollar (USD) during intraday trade today. It closed at Rs. 223.69… Read More
Rupee Rises Against US Dollar As REER Spikes Above 100
The Pakistani Rupee (PKR) recovered against the US Dollar (USD) and posted gains during intraday trade today. It appreciated by… Read More
Dar Forms Commission to Review Tax Laws and Revenue Policies
Federal Minister of Finance and Revenue Ishaq Dar has constituted a Reforms and Resource Mobilization Commission (RRMC) to help review… Read More
P3A Expects Four Mega Projects to Generate Hundreds of Billions in Taxes, Income
The Public Private Partnership Authority (P3A) has estimated that the corporate taxes and revenue share incomes by the government from… Read More
Russia Refuses to Sell Cheap Oil to Pakistan
Pakistan is currently seeking a 30-40 percent discount on crude oil from Russia, with the latter reportedly unwilling to offer… Read More
Auditor General of Pakistan Refuses to Probe State-Owned Entities Despite IMF Pressure
The Auditor General of Pakistan has rejected the International Monetary Fund’s (IMF) demands to probe government-owned companies such as Sui… Read More
Pakistan’s Real Effective Exchange Rate Spikes Above 100 in October
Pakistan’s Real Effective Exchange Rate (REER) increased by 10.7 percent to 100.4 in October 2022. According to the latest monthly… Read More
