Another mini-budget or the ‘Finance (Supplementary) Bill-II’ is on the cards as the government contemplating withdrawing more sales tax exemptions… Read More
Pakistan to Slap Rs. 160 Billion Tax on Salaried Class
The Government of Pakistan will most likely draft a new Personal Income Tax (PIT) legislation in February to levy approximately… Read More
Pakistan to Launch New Tax Operation Package in Budget 2022-23
Pakistan will launch a comprehensive tax operation package in the next budget (FY 2022-23), which will reflect a federal-provincial consensus… Read More
SBP Reserves Plummet by $463 Million Due to External Debt Repayments
Foreign reserves held by the State Bank of Pakistan (SBP) witnessed a substantial outflow of $463 million in the fourth… Read More
Saudi Oil Facility of $1.2 billion to be Operationalized Soon
The Saudi oil facility for Pakistan, worth $1.2 billion, will soon be operationalized for the import of petroleum products. Ambassador… Read More
SECP Gives More Power to Executive Director
The Securities and Exchange Commission of Pakistan (SECP) has delegated more powers to the executive director (ED) of the Policy… Read More
SBP Introduces Instant and Free P2P Payments under Raast
The State Bank of Pakistan (SBP) has issued instructions that will enable Person-to-Person (P2P) fund transfers in the country through… Read More
Pakistan Eyes an End to IMF Bailouts by Issuing $1 Billion Eurobond
Pakistan intends to discard its ‘begging bowl’ image from the International Monetary Fund (IMF) by issuing an ESG-compliant $1 billion… Read More
IMF Finally Approves 6th Tranche of Loan Program for Pakistan
According to the Federal Minister for Finance and Revenue, Shaukat Tarin, the Executive Board of the International Monetary Fund (IMF)… Read More
Banks Mull Replacing Govt Excess Equity & Form Consortium for Lending
Different commercial banks are in the process of forming a consortium for lending to replace the government’s excess equity. The… Read More
Askari Bank Wants to Acquire Samba Bank
Askari Bank Limited has shown interest to acquire Samba Bank through the acquisition of a majority shareholding of 84.5 percent.… Read More
State Bank Eases Deadline for Realization of Export Proceeds
The State Bank of Pakistan (SBP), on Tuesday, eased regulations for the realization of export proceeds. Pursuant to its EPD… Read More
