Pension account to become inoperative on verification failure: Finance Division

ISLAMABAD: Bank account of a pensioner shall become inoperative if the person drawing pension fails to undergo biometric verification or is not drawing pension for consecutive six months. The Finance Division in... Read more »

PTCL signs deal to launch Avaya Spaces

ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) will launch Avaya Spaces, the all-in-one workstream collaboration app for the digital workplace, for the first time in Pakistan. In this regard the PTCL has signed... Read more »

FBR sets up cell for registration of manufacturers for concessionary power, gas tariff

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday established a cell for registration of manufacturers in export-oriented sector to allow concessionary tariff on supply of electricity and gas. The FBR issued an... Read more »

Trade deficit swells by 6.44 percent in first half

ISLAMABAD: The country’s trade deficit has widened by 6.44 percent during the first half (July – December) of fiscal year 2020/2021 owing to uptick in imports during past two months. According to... Read more »

Stock market gains 191 points amid selling pressure

KARACHI: The stock market gained 191 points on Thursday amid to selling pressure prevailed during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,345 points as against... Read more »

Foreign exchange reserves increase to $20.512 billion by year-end 2020

KARACHI: The liquid foreign exchange reserves of the country increased to $20.512 billion by year-end 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country increased... Read more »

PRGMEA supports proposal for revival of sales tax zero-rate regime

KARACHI: Exporters and manufacturers of readymade garments on Thursday supported the proposals of revival of zero-rate sales tax regime for entire textile chain. Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) in... Read more »

Rupee strengthens by 28 paisas on inflows of exports, remittances

KARACHI: The Pak Rupee strengthened by 28 paisas against the dollar on Thursday owing to improved inflows of export receipts and workers’ remittances. The rupee ended Rs160.01 to the dollar from previous... Read more »