Pakistan, Saudi businessmen sign pact to explore new trade opportunities

KARACHI: Businessmen of Pakistan and Saudi Arabia have signed an agreement to explore new opportunities for mutually beneficial trade and economic relations. 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 »

Rupee eases against dollar

KARACHI: The Pak Rupee ended down by one paisa against dollar on Wednesday in a range bound foreign currency market. Read more »

Customs destroys counterfeit products worth Rs120 million

KARACHI: Pakistan Customs on Wednesday destroyed huge quantity of counterfeit products worth Rs120 million in order to enforce laws related to intellectual property rights. Read more »

Customs imposes 10pc fine for releasing unregistered phones

KARACHI: The Federal Board of Revenue (FBR) on Wednesday imposed a fine of 10 percent on the total amount of duty and taxes involved for the clearance of unregistered mobile phones. Read more »

Incentives fail to improve textile export

KARACHI: Textile industry has failed to improve exports despite availing incentives of duty and taxes. Read more »

Advance tax on domestic, international air tickets adjustable

KARACHI: The advance tax rates have be prescribed on domestic and foreign air tickets to be collected from purchaser of the tickets. Read more »

Preliminary report on Karachi deep sea drilling submitted

KARACHI: A multinational join venture has prepared preliminary report of offshore drilling for oil and gas in Karachi ultra-deep waters. Read more »