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Pakistan finally gains IMF’s nod

Pakistan finally gains IMF’s nod

Pakistan – Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement on reforms and policies needed to proceed with the sixth review of the economy. The $6 billion Extended Fund Facility (EFF)…

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FBR ordered to probe unique tax scam

FBR ordered to probe unique tax scam

Pakistan – Dr Asif Mahmood Jah – the Federal Tax Ombudsman – has unearthed a unique oscam involving tax officials. According to details, the tax officials asked for account holders’ information from various banks by…

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Pakistan says talks with IMF in final stages

Pakistan says talks with IMF in final stages

Pakistan – Shaukat Tarin – Adviser to the Prime Minister on Revenue and Finance – has returned to Washington to move forth with the discussions regarding the International Monetary Fund (IMF) bailout package. Tarin was…

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The offshore miasma, legalities and consequences

The offshore miasma, legalities and consequences

Pakistan – Millions of documents uncover offshore deals and assets of about 30 world leaders, 100 billionaires, and 300 public officials. The hidden assets and secret deals of some of the world’s most powerful and…

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FBR grants 15-day extension for filing income tax returns

FBR grants 15-day extension for filing income tax returns

Pakistan – Federal Minister for Finance and Revenue Shaukat Fayyaz Tarin announced Thursday to extend the date for filing income tax returns by 15 days till October 15. He did so after listening to problems…

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China set to implement ‘3.$5b Karachi project’

China set to implement ‘3.$5b Karachi project’

Pakistan – China is eager to work with Pakistan to implement the decisions of the recently held 10th Joint Cooperation Committee (JCC) of CPEC, including the Karachi project, Chinese Foreign Ministry Spokesperson Hua Chunying said…

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FBR to allow traders 40-day time to switch to digital mode of payments

FBR to allow traders 40-day time to switch to digital mode of payments

The government has again allowed using banking cheques for payments of over Rs250,000 – local media reported Sunday night. The government had disbanded the use of cheques just two days ago. This underscores its lack…

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Pakistan to trade with Afghanistan in rupees

Pakistan to trade with Afghanistan in rupees

Pakistan, on Thursday,  announced its financial plans for Afghanistan and has chosen to go forth with bilateral trade with the Taliban in Pakistan’s own currency – the rupee. This step is being regarded as Pakistan’s…

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Rupee loses more ground against US dollar

Rupee loses more ground against US dollar

The Pakistani rupee stooped to a new one-year low against the US dollar – Rs166.87 – in the interbank market on Wednesday. The demand for foreign currency remained high compared to its supply in the…

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A 12-year-old Pakistani kid earns £300,000 during school holidays

A 12-year-old Pakistani kid earns £300,000 during school holidays

Benyamin Ahmed – a 12-year-old British Pakistani boy – has made a whopping £300,000 during school holidays. How has he achieved this remarkable feat? Well, he has done so after creating digital pictures of Weird…

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