Pakistan, Iran agree to boost monetary, financial, commercial activities

ISLAMABAD: Pakistan and Iran have agreed to enhance economic cooperation through boosting monetary, financial and commercial activities to their full potential by utilizing all available options. Read more »

Text of Benami Transactions (Prohibition) Rules, 2019

KARACHI: The Federal Board of Revenue (FBR) has launched campaign to aware people about benami laws and harsh penalties under this law. Besides, the people are also informed about rewards to whistle... Read more »

Trade financing facility of $551 million signed for import oil, LNG

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance, Revenue and Economic Affairs witnessed the signing a trade financing facility amounting to US$ 551 million with the International Islamic... Read more »

Hafeez Shaikh, Illangovan discuss World Bank funded projects

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance, Revenue and Economic Affairs and the World Bank Country Director Patchamuthu Illangovan met on Monday to discuss ongoing projects funded by... Read more »

KCCI hopes new finance adviser to take steps minimizing taxpayers’ grievances

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Monday felicitated Dr. Hafeez Shaikh on his appointment as adviser to prime minister on finance, revenue and economic affairs. Read more »

FPCCI condemns terror attacks in Sri Lanka

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday condemned brutal act of terrorism in Sri Lanka claiming around 290 lives. Read more »

Stock market down 391 points on selling pressure

KARACHI: The stock market lost 391 points to start the week on Monday with selling pressure witnessed during the trading. Read more »

Rupee remains unchanged for sixth straight trading day

KARACHI: The Pak Rupee remained unchanged against dollar for sixth straight trading day on Monday amid lackluster demand for import and corporate payments. Read more »

PSO declares 55 percent decline in net profit for nine-month period

KARACHI: The net profit of Pakistan State Oil (PSO) has declined substantially by 55 percent to Rs5.92 billion for the period July – March 2018/2019 as compared with Rs13.22 billion in the... Read more »

Foreign currency account restriction on non-filers not apply on non-residents: SBP

KARACHI: State Bank of Pakistan (SBP) on Monday said that the restriction imposed on non-filers related to foreign currency accounts shall not apply on non-resident Pakistanis. Read more »

FBR plans prizes to encourage public take invoices from restaurants, hotels

ISLAMABAD: Federal Board of Revenue (FBR) is planning to introduce prize scheme through draw against invoices of restaurants submitted by customers. Read more »

Ghandhara Nissan declares 44 percent decline in net profit for nine-month period

KARACHI: Ghandhara Nissan Limited, the assembler of light commercial and heavy vehicles in Pakistan, has posted significant decline in net profit by 44 percent for nine-month period ended March 31, 2019. Read more »