Circular Debt: ECC allows raising Rs200 billion Islamic term finance facility

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet on Tuesday allowed for raising Islamic Term Finance Facility of Rs200 billion for resolving circular debt issue. Read more »

SBP stresses urgent need to initiate structural reform in economy

KARACHI: The State Bank of Pakistan (SBP) on Tuesday stressed urgent need to initiate structural reform in the economy. Read more »

Repatriation of profit, dividend by foreign companies in Pakistan surges by 58 percent

KARACHI: The repatriation of profit and dividends by foreign companies operating in Pakistan has increased sharply by 58 percent during first half of current fiscal year, according to statistics released by State... Read more »

First meeting of reconstituted 9th NFC to be held on February 06

KARACHI: The first meeting of reconstituted Ninth National Finance Commission (NFC) will be held on February 06, 2019, sources said on Monday. Read more »

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 »