Remittances grow to $20.19 billion in 11 months

KARACHI: Overseas Pakistanis workers have sent $20.19 billion during July – May 2018/2019 as compared $18.28 billion in the same period of the last fiscal year, showing growth of 10.42 percent, State... Read more »

Customs initiates examining exporters to check under-invoicing, mis-declaration

KARACHI: Pakistan Customs has initiated examination of exporters’ profiles to check mis-declaration and under-invoicing for plugging revenue leakages. Read more »

SECP holds consultation session to review Bancassurance regulations

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has organized a stakeholders’ consultations session to review the changes in insurance regulatory framework governing Bancassurance, a statement said on Friday. Read more »

Punjab presents Rs2,300 billion surplus budget for 2019/2020

LAHORE: The Punjab government on Friday presented total outlay Rs2,300 billion budget for fiscal year 2019/2020 with Rs233 billion surplus for the fiscal year. Read more »

Sindh announces 15pc increase in salary, pension for 2019/2020

KARACHI: The Sindh government on Friday announced increase in salary and pension by 15 percent and also enhanced the minimum wage rate at Rs17,500 per month. Read more »

Sindh unveils Rs1,217bn budget for 2019/2020

KARACHI: The Sindh government on Friday unveiled Rs1,217 billion budget for fiscal year 2019/2020. Read more »

World Bank approves $518 million for Pakistan’s efforts to raise domestic revenue

ISLAMABAD: The World Bank on Friday approved a package of $518 million for two projects in support of Pakistan’s ambitious efforts to raise revenue and reduce compliance cost with a goal of... Read more »

Dollar hits record high at Rs155.85 in interbank

KARACHI: The dollar appreciated by Rs2.94 to make a new record high on Friday owing to weak economic indicators and high debt repayments during next two years. Read more »

Dollar hits new high at Rs153.71 in early trade

KARACHI: The US Dollar appreciated to record high at Rs 153.71 in early trade on Friday owing to high demand for import. Read more »

KTBA discusses impact of SRO 1125 withdrawal

KARACHI: The tax practitioners have discussed impact of abolishing SRO 1125(I)/2011 under which sales tax zero rating was available for export sector. Read more »

KPT issues Cyclone Vayu safety warning

KARACHI: Karachi Port Trust (KPT) on Thursday issued safety warning for ships in the wake of depression created due to ‘Cyclone Vayu’. Read more »