FBR directs customs to ensure retail price print on imported goods

KARACHI: Federal Board of Revenue (FBR) has directed customs authorities to ensure printing of retail prices on imported goods for collection of sales tax while clearance of consignments. Read more »

No compromise on documentation; PM refuses to withdraw CNIC condition

KARACHI: Prime Minister Imran Khan on Wednesday showed firm resolve to document the economy and flatly refused demands of business community to withdraw condition of CNIC on sales above Rs50,000. Read more »

Foreign remittances grow by 9.68pc to $21.84bn in 2018/2019

KARACHI: Overseas Pakistanis workers have sent $21.84 billion during 2018/2019, around 9.68 percent higher when compared with $19.91 billion during the preceding year, State Bank of Pakistan (SBP) said on Wednesday. Read more »

Share market remains range bound amid low volumes

KARACHI: The stock market ended range bound on Wednesday as investors were in a fix over lack of triggers. Read more »

Rupee falls by 50 paisas despite IMF first tranche

KARACHI: The Pak Rupee ended down by 50 paisas against dollar on Wednesday despite a tranche of $991.4 million received under IMF loan program. Read more »

Engro starts commercial operation of 660MW coal-fired power project

KARACHI: Engro Powergen Thar (Private) Limited on Wednesday started commercial operation of its 660 Megawatts Coal-Fired power generation complex at Thar Block-II, District Tharparkar, Sindh. Read more »

Government to borrow Rs6,300 billion through auction of Market Treasury Bills in first quarter

KARACHI: The government likely to borrow an amount of Rs6,300 billion from commercial banks through auction of market treasury bills (MTBs) during first quarter (July – September) of current fiscal year. Read more »