KARACHI: The Caretaker Federal Minister for Energy, Power, and Petroleum, Muhammad Ali, has offered a ray of hope to the industry by assuring them of efforts to reduce the gas tariff, aiming to provide a more conducive environment for economic growth.
(more…)Author: Shahnawaz Akhter
-
Use of RMB for Cross-Border Settlement to Bolster Pakistan-China Trade Ties
Karachi, October 27, 2023 – The State Bank of Pakistan (SBP) has announced that the utilization of the Chinese Renminbi (RMB) for cross-border settlements will bolster bilateral ties between Pakistan and China.
(more…) -
FBR Declares Saturday Normal Working Day to Boost Revenue Collection
Karachi, October 27, 2023 – In a strategic move aimed at enhancing revenue collection, the Federal Board of Revenue (FBR) has announced Saturday, October 28, 2023, as a regular working day.
(more…) -
FBR Officials Receive Duty Exemption for Upcoming General Election
Islamabad, October 26, 2023 – In a significant development, officials of the Federal Board of Revenue (FBR) have been granted a duty exemption in the forthcoming general elections.
(more…) -
OICCI Announces Pakistan Climate Conference 2023 on November 1
Karachi, October 26, 2023 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has revealed details about the Pakistan Climate Conference (PCC) 2023, scheduled to take place on November 1, 2023.
(more…) -
Standard Chartered Pakistan Achieves Record Rs 63 Billion Operating Profit
Karachi, October 26, 2023 – Standard Chartered Bank Pakistan has reported exceptional financial results, achieving a record profit before tax of Rs 63 billion for the nine months ending on September 30, 2023.
(more…) -
Customs Agents Call for Legislation to Regulate Shipping Lines and Terminal Operators
Karachi, October 26, 2023 – In a move aimed at safeguarding the interests and rights of traders, customs agents, and other stakeholders, members of the Karachi Customs Agents Association (KCAA) have called upon the government to enact legislation to regulate shipping lines and terminal operators.
(more…) -
Pakistan Witnesses Drop in Foreign Exchange Reserves by $257 Million
Karachi, October 26, 2023 – Pakistan has witnessed a drop in foreign exchange reserves by $257 million on a weekly basis, as reported in an official statement issued on Thursday.
(more…) -
SBP Makes Biometric Verification Mandatory for All Branchless Banking Transactions
Karachi, October 26, 2023 – The State Bank of Pakistan (SBP) has taken a significant step to combat money laundering and terrorist financing by making biometric verification mandatory for all branchless banking (BB) transactions.
(more…) -
Pakistan Reports Rs 963 Billion as Budget Deficit for First Quarter of FY24
Karachi, October 26, 2023 – Pakistan has announced a significant budget deficit of Rs 963 billion for the first quarter of the fiscal year 2023-24, highlighting the financial challenges the country faces.
(more…)