The government has decided to reduce the sales tax for earnings made via online websites. A 6 percent sales tax… Read More
Foreign Buyers Are Coming Back to PSX
The upward revision in policy rates, some business-friendly recommendations in mini-budgets, and inflows of foreign exchange have bounced back the… Read More
Inflation Reached a 4 Year High in January: Bureau of Statistics
Stats from the Pakistan Bureau of Statistics (PBS) have revealed that inflation reached 7.2 percent in January – highest in… Read More
Pakistan’s Current Account Deficit Expected to Decrease in Coming Months: Moody’s
The government of Pakistan’s second mini-budget supports exports, but increases fiscal consolidation challenges, says Moody’s Investors Services. Moody’s in its… Read More
Lucky Cement Posts 28.5% Decline in Net Profits in H1 FY2018-19
Lucky Cement Limited reported a consolidated net profit of Rs 6.13 billion for the half-year that ended on December 31,… Read More
In Unexpected Move, SBP Raises Interest Rates to 10.25%
State Bank of Pakistan (SBP) has raised the policy rates by 25 basis points to 10.25 percent that will be… Read More
Pakistan’s Fiscal Deficit Increased by 1.4% of GDP in Q1 FY2018-19: SBP
The State Bank of Pakistan has released its first quarterly report on the ‘State of Pakistan’s Economy for Financial Year… Read More
UK Funded Karandaaz and JS Bank Announce Rs 1 Billion for SMEs
The UK-funded Karandaaz has signed an agreement with JS Bank to jointly make PKR 1 billion available for small and… Read More
Govt Approves Sukuk Worth Rs. 200 Billion to Curtail Circular Debt
Economic Coordination Committee has approved the launch of Islamic Sukuk bonds worth Rs. 200 billion to reduce circular-debt. The issuance… Read More
CPEC Will Continue to Support Reduction in Pakistan’s Risk Profile: Fitch
China-Pakistan Economic Corridor (CPEC) will continue to support the growth of Pakistan’s construction industry in the coming years, aided by… Read More
Govt to Simplify Tax-Filing Procedure in 2019: Asad Umar
Finance Minister Asad Umar has announced that the government will simplify the mechanism for filing income taxes this year. He… Read More
IMF Asks for More Taxation Measures to Stabilize Economy
The International Monetary Fund (IMF) has asked the Pakistani Government to take even more measures on the taxation front to increase… Read More
