KARACHI: Pakistan has waived demurrage and detention charges for stuck containers at ports due to non-opening of letter of credits (LCs), a senior minister announced on Monday.
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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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SBP raises benchmark rate by 100 basis points to check inflation
KARACHI: State Bank of Pakistan (SBP) on Monday raised benchmark policy rate by 100 points to 17 per cent to check inflationary pressure.
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SBP allows one-time facilitation to importers for consignment clearance
KARACHI: State Bank of Pakistan (SBP) on Monday allowed one-time facilitation to importers who arrange funds to settle pending import payments.
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Dollar crosses PKR 230 in interbank foreign exchange
KARACHI: The US dollar strengthened against Pakistan Rupee (PKR) on Monday and crossed PKR 230 in interbank foreign exchange market.
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FBR collects over Rs81 billion from sale, purchase of property transactions during TY22
ISLAMABAD: Federal Board of Revenue (FBR) has collected over Rs81 billion from sale and purchase of property transactions during tax year 2022, official documents revealed.
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Pakistan imports mobile phones worth $363 million amid worst forex crisis
KARACHI: Pakistan has imported mobile phones worth $363 million during first half (July – December) of fiscal year 2022-2023 despite fact of worth foreign exchange crisis in the country.
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FBR chairman issues directives to safeguard revenue, achieve targets
KARACHI: Asim Ahmed, Chairman, Federal Board of Revenue (FBR) on Saturday issued directives to tax offices to make all efforts to safeguard revenue.
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Incompetence main reason for present Pakistan economic crisis
Incompetence is the major reason for the current economic crisis, said Muhammad Azfar Ahsan, Founder & CEO, Nutshell Group.
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Prices of essential items shoot up by 32pc ahead monetary policy announcement
ISLAMABAD: Prices of essential items have increased by 32 per cent ahead of monetary policy announcement, which is scheduled for January 23, 2023.
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FBR directs 92 senior Customs officers to provide PERs, asset declarations
ISLAMABAD: Federal Board of Revenue (FBR) Friday directed 92 senior officers of Pakistan Customs Service (PCS) to complete their performance report and provide asset declarations.
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