BUSINESS
Pakistan’s tax gap rises to over Rs7 trillion, FBR
Amid Prime Minister Shehbaz Sharif's government's strenuous efforts to expand the tax net and increase revenue generation, Federal Bureau of...
Pakistan’s exports to EU grow to $4.8 billion in last 5 months
Pakistan’s exports to the European Union (EU) grew by 14% to $4.8 billion during the first five months of the...
Kuwait Petroleum Company shuts down operation in Pakistan
Kuwait Foreign Petroleum Exploration Company (KUFPEC) has started the process of leaving Pakistan's oil and gas sector by selling its...
Higher tax rates won’t achieve desired revenue targets, FBR chief
Federal Board of Revenue (FBR) Chairman Rashid Langrial has said that the government has no plans to increase tax rates,...
Pakistan’s foreign reserves up by $31mn
The State Bank of Pakistan (SBP) witnessed a surge in the foreign exchange reserves with a reported increase of $31...
Govt rejects K-Electric’s request for increase in tariff
The government has opposed the K-Electric's (KE) request for an increase in the multi-year tariff while advising the National Electric...
Pakistan records 31% surge in FDI in November
Pakistan recorded 31per cent surge in Foreign direct investment (FDI) in the first five months of the current fiscal year,...
Karachi collects Rs1,110 billion in taxes in first 5 months of fiscal year
As a large taxpayer city of the country, Karachi has set a new record in tax collection, reporting a 20...
SBP slashes key policy rate by 200 BPS to 13%
The State Bank of Pakistan (SBP) on Monday slashed the key policy rate by 200 basis points (bps) to 13%,...
Govt to cancel agreements with 6 more IPPs
The federal government of Pakistan has decided to terminate agreements with six more Independent Power Producers (IPPs) to reduce electricity...
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