Abacus Consulting, a leading firm in transformation services, has entered into a strategic alliance with Aestimatio Analytics Inc. on an… Read More
Banks Agree to Provide Customers’ Withholding Data to FBR to Catch Non-Filers
The Federal Board of revenue has asked banks to provide withholding tax data of the customers. According to a report… Read More
Uber Reports $1 Billion in Loss in First Quarterly Report
Uber Technologies Inc. has reported a $1 billion loss in the first three months of the year in its first… Read More
FBR Planning to Reduce the Number of Withholding Tax Categories by 50 Percent
The FBR is viewing its options to reduce WHT by 50 percent, bringing the applicable categories from 50 to 25… Read More
Pakistan Govt to Stabilize the Stock Market Once and For All: Bloomberg
The Pakistani government has decided to put together a fund with contributions from banks and insurance firms to buy stocks… Read More
Foreign Currency Dealers Propose to Revise Limits for People Traveling Abroad
A delegation of Foreign Exchange Dealers has proposed that the government revise foreign currency limits for people who are traveling… Read More
Foreign Loans Jump to $14.8 Billion: Report
The total foreign loans acquired by the government rose to $8.837 billion in April showing a rise of $2.997 billion… Read More
PSX CEO Richard Morin Resigns from His Post
Mr. Richard Morin has tendered his resignation for the position of Chief Executive Officer of Pakistan Stock Exchange Limited today.… Read More
Govt Announces Procedure to To Declare Overseas Assets Under Amnesty Scheme
The government of Pakistan had announced to allow its citizens to repatriate their assets held in different countries under the Asset… Read More
FDI in IT Sector Drops by $3.1 Million in 10 Months of FY2019
The Information Technology sector fetched $22.9 million in Foreign Direct Investment (FDI) between July-April 2019 compared to $26 million in… Read More
Half of the Registered Companies Don’t File Returns: FBR Chairman
Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has revealed that only 50,000 out of 100,000 companies registered with the… Read More
SBP to Maintain Interest Rate at 12.25% Throughout 2019: Fitch
Fitch Solutions projects that the State Bank of Pakistan will maintain its benchmark interest rate at 12.25% throughout 2019. Pakistan… Read More
Uber-Careem Deal To Attract Significant FDI in Pakistan
Uber’s acquisition of Careem is expected to bring significant investment in Pakistan, Careem officials told ProPakistani. The amount includes the… Read More
Smuggled Oil is Causing an Annual Loss of Rs. 60 Billion to Pakistan
Pakistan has been facing an annual loss of Rs. 60 billion from illegal cross-border smuggling of oil at Pak-Iran border,… Read More
Current Account Deficit Narrows Down By $4.2 Billion in 10 Months of FY2019
The current account deficit has narrowed down by 27 percent in the 10 months of the current financial year 2018-19,… Read More
