KARACHI: Pakistan on Sunday announced a major cut in petroleum for lower income group in order to provide relief in the wake of high inflation.
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Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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Pakistan textile exports plunge by 30% in February 2023
KARACHI: Textile exports of Pakistan have plunged by 30 per cent in February 2023 owing to challenging economic scenario of the country.
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SBP revises interchange reimbursement fee for payment cards
KARACHI: State Bank of Pakistan (SBP) on Friday revised interchange reimbursement fee for cards issued in the country used on domestic point of sale (POS) terminals.
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Nisab of Zakat notified for deduction from bank accounts
Pakistan on Friday issued Nisab of Zakat for deduction at source in respect of deposits in bank accounts.
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Pakistan’s sensitive price inflation hits around 46%
ISLAMABAD, March 17, 2023 – Pakistan continues to grapple with soaring inflation, as the Sensitive Price Indicator (SPI) recorded a staggering year-on-year (YoY) increase of 45.64% by the week ending March 16, 2023, according to the latest data released by the Pakistan Bureau of Statistics (PBS).
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FBR freezes bank accounts of leading businessmen, bankers for CVT recovery
KARACHI: Federal Board of Revenue (FBR) has attached bank accounts of leading businessmen and bankers of the country for recovery of capital value tax (CVT) on immovable properties abroad.
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Pakistan bans import of cars older than three years: IPO
Pakistan has banned import of cars older than three years under Import Policy Order (IPO), 2022. However, vehicles old up to five years can be imported under the policy.
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Govt borrows Rs1.96 trillion from commercial banks during eight months
KARACHI: The federal government has borrowed an amount of Rs1.96 trillion from commercial banks during first eight months (July – March) 2022-2023 for budgetary support, State Bank of Pakistan (SBP) said on Thursday.
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FBR links tax refund payment to realization of export proceeds
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday linked the issuance of refund payment to the realization of export proceeds.
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Pakistan’s weekly forex reserves move up by $93 million
KARACHI: Pakistan’s weekly foreign exchange reserves moved by $93 million by week ended March 10, 2023, central bank said on Thursday.
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