A consultative meeting was chaired by the Advisor to Prime Minister on Commerce and Investment, Abdul Razak Dawood to discuss… Read More
Gas Shortfall Causes $250 Million Loss for Textile Sector in December Alone
Pakistan’s natural gas shortfall is wreaking havoc on the country’s export industry, and has stripped off $250 million worth of… Read More
FBR to Audit Hascol and Its Senior Management
The Federal Board of Revenue (FBR) has decided to initiate an audit of income and sales tax along with related… Read More
Pakistan’s Trade Deficit Doubled in First Six Months of FY 2022
Pakistan’s trade deficit widened by 100 percent during the first half of the current financial year 2021-22 due to a… Read More
FBR Exceeds Tax Collection Target in First Half of FY22 with 32.5% Growth
The Federal Board of Revenue (FBR) collected net revenue of Rs. 2,920 billion during July-December of the current financial year… Read More
Here’s the Real Reason Why Pakistan’s Textile Exports Have Increased
More than two-thirds of the $1.7 billion increase in textile exports from July to November 2021 is due to an… Read More
Rupee Ends 2021 With One of Its Biggest Gains Against US Dollar Following SBP Bill
The Pakistani Rupee (PKR) has bid farewell to 2021 by posting big gains against the US Dollar (USD) in the… Read More
New Taxes in Supplementary Finance Bill 2021: What’s Expensive?
The government on Thursday presented the Finance (Supplementary) Bill 2021 in the National Assembly with a plethora of exemption withdrawals… Read More
Taxes Worth Only Rs. 2 Billion to be Imposed on the Common Man in New Finance Bill
A Special Cabinet meeting was convened on 30 December 2021 to discuss and approve the Finance (Supplementary) Bill, 2021. Chairman… Read More
Pakistan And China Express Satisfaction With Progress of CPEC Projects
The Governments of Pakistan and China held virtual meetings of the two Joint Working Groups on Gwadar and Socio-Economic Development… Read More
SBP Reserves Plunge by $298 Million
The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell week-over-week by $298 million (1.64 percent). According… Read More
Rupee Posts Highest Ever Recovery After 31 Sessions Against the US Dollar
The Pakistani Rupee (PKR) has finally reversed its losing streak against the US Dollar (USD) and appreciated by 72 paisas… Read More
