ISLAMABAD: After two Presidential Ordinances to withdraw corporate income tax exemptions to get Rs70 billion to 140 billion and an addition of a 10 percent power surcharge on consumers, the Executive Board of IMF has…
IMF has agreed to release $500 million for Pakistan as part of budget support program amid COVID-19 The International Monetary Fund (IMF) on Wednesday approved the third tranche of budget support worth US$500 million for…
ISLAMABAD: Federal Board of Revenue (FBR) has created a tax demand of a whopping Rs469 billion against 81 sugar mills The FBR had started its probe against 89 sugar mills after irregularities that were pointed…
After a severe turmoil in the currency of the country, Pakistan is witnessing a bounce back in Rupee against the dollar. The recent recovery is a seventh month high of almost Re 1 against the…
The federal government on Wednesday increased fuel prices in the range of 3-8 percent after a summary was forwarded by the Oil and Gas Regulatory Authority (Ogra). “The following will be the prices of the…
Remittances for the month of November clocked in above the $2 billion mark for the sixth consecutive month in a row to $2.34bn, the latest data released by the State Bank of Pakistan (SBP) showed…
Prime Minister Imran Khan on Wednesday welcomed the US President-elect Joe Biden’s declared intent of a policy to target dirty money – an initiative matching the former’s vision and key focus of decades-long political struggle.…
Rupee staged a massive comeback against the dollar on Tuesday recovering by as much as 95 paisas to close yesterday’s session at Rs160.08. The rupee had earlier crossed the 161-mark for the first time in…
Pakistani rupee is Asia’s third-best performing currency since October 1, a comparison released by Bloomberg showed. The rupee trails behind the Indonesian Rupiah and South Korean Won. As per the exchange rate figures released by…
The dollar in the interbank market fell to a six-month low as it traded as low as Rs106. The rupee has been strengthening in the last few weeks owing to better inflows in the form…
