Finance Supplementary (Second Amendment) Bill 2018: Key points of income tax proposals

KARACHI: A chartered accountant firm has highlighted proposed amendments to Income Tax Ordinance, 2001 through Finance Supplementary (Second Amendment) Bill, 2019. Read more »

Pakistan receives $2 billion from Saudi Arabia, UAE for financial assistance

KARACHI: Pakistan has received around $2 billion as financial assistance from Saudi Arabia and United Arab Emirates (UAE) for building up foreign exchange reserves, State Bank of Pakistan (SBP) said on Friday. Read more »

SBP’s forex reserves depletes by $265 million to $6.636 billion

KARACHI: Liquid foreign exchange reserves of State Bank of Pakistan (SBP) have depleted by $265 million to $6.636 billion by week ended January 18, 2019 as compared with $6.901 billion a week... Read more »

Two LNG ships arrive at Port Qasim

KARACHI: For the first time in Pakistan history two ships carrying LNG arrived and anchored at Port Qasim, Federal Minister for Maritime Affairs Ali Haider Zaidi said on Saturday while talking to... Read more »

Pakistan offers incentives to Chinese investors in oil, gas exploration

ISLAMABAD: Pakistan on Friday offered incentives to Chinese investors interested in oil and gas exploration. Read more »

Cargill announces to invest $200 million to grow Pakistan business

ISLAMABAD: Global food and agriculture producer M/s. Cargill has announced to invest more than $200 million in the next three-to-five years in Pakistan, said a statement on Thursday.        ... Read more »

SBP’s reserves fall below $7 billion

KARACHI: The official foreign exchange reserves of State Bank of Pakistan (SBP) have fallen below $7 billion, a statement said on Thursday. 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 »

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 »

ECC approves clearance of imported vehicles on verified foreign currency payment

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved clearance of imported vehicles under different schemes only through payment in foreign exchange. Read more »