Mobile phone import declines by 18.69pc on unregistered IMEI blocking

ISLAMABAD: The import of mobile phones has declined by 18.69 percent in December 2018 owing government initiative of blocking non-compliant IMEIs.       The import of mobile phones fell to $59.4... Read more »

Hopes of oil, gas discovery in offshore drilling by April

ISLAMABAD: Federal Minister for Petroleum Ghulam Sarwar Khan on Wednesday said that 2019 will be good year for Pakistan. Read more »

Car imports fall sharply by 43pc on regulatory duty, currency devaluation

KARACHI: The import of used motor vehicles sharply decline by 43 percent during first half of current fiscal year owing to significant devaluation of local currency and imposition of regulatory duty.  ... Read more »

SBP allows reimbursement charges to banks against donations to Dam Fund

KARACHI: State Bank of Pakistan (SBP) has allowed banks to claim for reimbursement charges against processing donations received from overseas Pakistanis for Dam fund. Read more »

FPCCI blames former government for misusing GIDC

KARACHI: Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to resolve the long outstanding issue of Gas and Infrastructure Development... Read more »

Equity market plunges by 342 points on negative sentiments

KARACHI: The equity market plunged by 342 points on Wednesday owing to negative trading sentiments. Read more »

Foreign direct investment falls by 19.2pc in July-December

KARACHI: The inflow of Foreign Direct Investment (FDI) into Pakistan fell by 19.2 percent during first half (July – December) of the current fiscal year, State Bank of Pakistan (SBP) said on... Read more »

Rupee eases against dollar

KARACHI: The Pak Rupee ended down by one paisa against dollar on Wednesday in a range bound foreign currency market. Read more »

Customs destroys counterfeit products worth Rs120 million

KARACHI: Pakistan Customs on Wednesday destroyed huge quantity of counterfeit products worth Rs120 million in order to enforce laws related to intellectual property rights. Read more »

Customs imposes 10pc fine for releasing unregistered phones

KARACHI: The Federal Board of Revenue (FBR) on Wednesday imposed a fine of 10 percent on the total amount of duty and taxes involved for the clearance of unregistered mobile phones. Read more »

Incentives fail to improve textile export

KARACHI: Textile industry has failed to improve exports despite availing incentives of duty and taxes. Read more »

PSX asks brokers to file suspicious transaction report to FMU

KARACHI: Stock brokers have been directed to file suspicious transaction report (STR) with Financial Monitoring Unit (FMU) under regulations related to anti money laundering and countering financing terrorism. Read more »