FBR asked to redouble efforts for broadening tax base

Nov 29

Taxation

FBR asked to redouble efforts for broadening tax base

ISLAMABAD: Shaukat Tarin, Adviser to the Prime Minister on Finance and Revenue, on Monday asked the Federal Board of Revenue (FBR) to redouble its efforts for broadening the tax base. The adviser expressed his full support and confidence to the FBR team and advised to redouble their efforts and launch the taxpayer outreach initiative at […]

by Mrs. Anjum Shahnawaz

KSA extends oil on deferred payments to Pakistan

Nov 29

Energy, National

KSA extends oil on deferred payments to Pakistan

ISLAMABAD: The Kingdom of Saudi Arabia (KSA) has signed an agreement to extend an oil facility of $100 million per month for one year to Pakistan on deferred payments. Sultan bin Abdulrahman Al-Marshad, CEO of Saudi Fund for Development (SFD) exchanged the Financing Agreement with Omer Ayub Khan, Minister for Economic Affairs for the Import […]

by Mrs. Anjum Shahnawaz

Pakistan donates 50,000MT wheat to Afghanistan

Nov 29

Finance, National, Top stories, World

Pakistan donates 50,000MT wheat to Afghanistan

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved a donation of 50,000 metric tons of wheat to Afghanistan. The Federal Minister for Economic Affairs Division (EAD) Omar Ayub Khan chaired the ECC meeting and took several important decisions. Federal Minister for Energy Hammad Azhar, Abdul Razak Dawood Advisor to Prime Minister […]

by Mrs. Anjum Shahnawaz

Pakistan Single Window to reduce time, cost, complexity

Nov 29

Pakistan Customs

Pakistan Single Window to reduce time, cost, complexity

KARACHI: Naveed Abbas Memon, Chief Domain officer of Pakistan Single Window (PSW) has said that PSW portal will enable traders to reduce time, cost, and complexity in cross-border trade. While addressing an awareness seminar at Karachi Customs Agents Association (KCAA) on Monday he said it will also improve the quality of experience for all stakeholders […]

by Hamza Shahnawaz

SBP issues clarification on monetary policy decision

Nov 29

Money & Banking

SBP issues clarification on monetary policy decision

KARACHI: The State Bank of Pakistan (SBP) on Monday issued a clarification on media reports regarding the monetary policy decisions. The SBP said that over the past few weeks, certain sections of the media including op-eds have expressed concerns over the actions of the SBP, particularly with regard to monetary policy decisions and the role […]

by Faisal Shahnawaz

SBP issues KIBOR rates on November 29, 2021

Nov 29

Money & Banking

SBP issues KIBOR rates on November 29, 2021

KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR): Following KIBOR rates as of November 29, 2021: Tenor BID OFFER 1 – Week 8.83 9.33 2 – Week 8.87 9.37 1 – Month 9.01 9.51 3 – Month 9.68 9.93 6 – Month 10.03 10.28 9 – Month 10.41 […]

by Faisal Shahnawaz

FPCCI urges measures to overcome gas crisis

Nov 29

Trade & Industry

FPCCI urges measures to overcome gas crisis

KARACHI – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called upon the government to implement effective measures to alleviate the ongoing gas crisis, emphasizing the need for uninterrupted gas supply to industries and a reduction in electricity tariffs.

by Hamza Shahnawaz

FBR imposes AML condition on immovable properties

Nov 29

Taxation

FBR imposes AML condition on immovable properties

ISLAMABAD: The Federal Board of Revenue (FBR) on Monday imposed a condition under the Anti-Money Laundering Act, 2010 on transfers and registration of immovable properties. The FBR DNFBPs Order No. 1 of 2021 impose the condition. The FBR said that the Anti-Money Laundering Act, 2010 empowered the revenue board to license or register its reporting […]

by Mrs. Anjum Shahnawaz

Stocks climb up by 1,216 points on Saudi support

Nov 29

Stock & Commodity

Stocks climb up by 1,216 points on Saudi support

KARACHI: The stocks climbed up by 1,216 points on Monday following cabinet approval for Saudi Arabia’s $3 billion support package. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 45,330 points as against last Friday’s closing of 44,114 points, showing an increase of 1,216 points or 2.8 per cent. Analysts at Arif […]

by Faisal Shahnawaz

SBP customers’ exchange rates on November 29, 2021

Nov 29

Money & Banking

SBP customers’ exchange rates on November 29, 2021

KARACHI, November 29, 2021 – The State Bank of Pakistan (SBP) has published the official exchange rates for November 29, 2021, based on the weighted average rates of commercial banks.

by Faisal Shahnawaz