Category: Business

SBP monetary policy

‘Core inflation continues to rise,” SBP’s monetary policy reveals

The State Bank of Pakistan (SBP) on March 29 announced its monetary policy, increasing its key policy rate by 50 basis points to 10.75 per cent. The policy was announced...

FBR, TAX

FBR received 1.7 million tax returns, collected tax Rs2.3 trillion

The Federal Board of Revenue (FBR) has received 1,762,873 tax returns against the returns of 1,307,067 of the corresponding period of last year, showing an increase of...

pakistan, electricity prices

Pakistan government set to increase electricity prices

The government has decided to increase electricity prices by Rs2 per unit, according to reports aired by TV channels. The hike in the prices will put additional burden...

Pakistan, commercial loan, loan, IMF, Bailout, China, SBP

Pakistan gets $2.2bn commercial loan from China, SBP confirms

Pakistan has received $2.2 billion in commercial loans from China to shore up its foreign currency reserves and also to meet debt repayments in the coming months,...

Pakistan, gas reserves, offshore drilling

‘Pakistan has reportedly found huge gas reserves during offshore drilling’

Pakistan has reportedly found signs of success in the ongoing oil and gas drilling in the deep sea. The details suggest that a kick pressure was felt during the...

Malaysia, proton, car manufacturing company, Karachi

Malaysia’s renowned car manufacturing company to set up factory in Karachi

Proton, renowned Malaysian car manufacturing company, has announced to establish a factory in Pakistan. This was revealed by Malaysian High Commissioner Ikram Mohammad...

Pakistan fish exports

Pakistan fish exports up 27.94%, netting $451.026 million this fiscal year

The fish and fisheries products exports have contributed to 451 million dollars foreign exchange during the year 2017-18. According to data issued by Ministry of...

FBR, tax returns

FBR extends date for filing tax returns

The Federal Board of Revenue has extended the date of filing of Income Tax Returns and Statements for the Tax Year 2018 till 31st of this month. According to a press...

Business Forum, CPEC, Pakistan, China

Business Forum established to tap ‘true potential of CPEC’

Federal Minister for Planning, Development and Reform, Makhdum Khusro Bakhtyar said the Cabinet Committee on China-Pakistan Economic Corridor (CPEC)...

UAE, EU, tax blacklist

UAE regrets inclusion in EU tax blacklist

The United Arab Emirates has slammed a European Union decision to add it to a tax haven blacklist despite the Gulf state’s efforts to meet EU requirements. The EU...