The Pakistani Rupee (PKR) shattered its previous record low against the US Dollar (USD) and posted losses in the interbank… Read More
SECP Allows Mutual Funds to Invest in ‘A’ or Above-Rated Banks
In a major move to provide ease of doing business and expand investment avenues for mutual funds, the Securities and… Read More
New Taxes on Banks Will Reduce Their Profitability by 15-20%: Report
New taxes for the banking sector under the federal budget 2022-23 are likely to significantly impact profitability by 15-20 percent,… Read More
PSX Bleeds Over 1000 Points, Crashes to 4-Month Low After Budget Reveal [Updated]
Pakistan equities witnessed a panic-struck sell-off during the early hours of trade on Monday, with the market crashing to its… Read More
New Tax on Non-Productive Immovable Properties Cannot Be Challenged in Courts
Chairman Federal Board of Revenue (FBR) Asim Ahmad said Saturday that the tax proposed under Finance Bill 2022 on ‘deemed… Read More
Govt Sets Tax Revenue Target of Rs. 7,004 Billion with New Measures
The government has set a target of Rs. 7,004 billion to be collected by the Federal Board of Revenue (FBR) as… Read More
Govt Allocates Rs. 699 Billion for Subsidies in Budget 2022-23
The government has proposed to allocate Rs. 699 billion for giving subsidies to different sectors for providing relief to the… Read More
Govt Imposes Taxes on IT Export Proceeds
The government has imposed a 0.25 percent tax on the export proceeds of computer software or IT services through Finance… Read More
These are Highlights and Salient Features of the Federal Budget 2022-23
Finance Minister Dr. Miftah Ismail presented the Federal Budget in the Parliament House for the fiscal year 2022-23. The total… Read More
Remittances Likely to Cross $30 Billion Despite 25.4% Dip in May
Remittances inflows in the outgoing month of May decreased by 25.4 percent on a month-on-month (MoM) basis and 6.9 percent… Read More
Rupee Crashes Against All Major Currencies on Budget Day
The Pakistani Rupee (PKR) reversed its recovering trend against the US Dollar (USD) and posted gains in the interbank market… Read More
Pakistan’s Media Industry Likely to Attract $3 Billion Investment
Pakistan Electronic Media Regulatory Authority (PEMRA) issued several new licensees for Direct-to-Home (DTH), satellite TV channels, FM radios, and teleport… Read More
