Privatization of National Bank, State Life Insurance under consideration: Dr. Hafeez Shaikh

ISLAMABAD: The government is considering privatization of big entities such as National Bank of Pakistan (NBP) and State Life Insurance Corporation for better results. Read more »

FBR clears Rs15.6 billion sales tax refunds in 8,415 RPOs: Dr. Hafeez Shaikh

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday cleared Rs15.6 billion in sales tax refunds against 8,415 refund payment orders (RPOs), said Dr. Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance... Read more »

Simplified tax regime for non-residents approved: Dr. Hafeez Shaikh

ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approved a simplified tax regime to facilitate the non-resident companies for investment in the local capital market. Read more »

Two cellular companies pay $449 million as license renewal fees

ISLAMABAD: The government has received $449 million from two cellular companies as license renewal fees. Read more »

Govt. decides immediate release of Rs22 billion tax refunds: Dr. Hafeez Shaikh

ISLAMABAD: The government has decided to released tax refunds amounting Rs22 billion immediately for the promotion of economic activities, Dr. Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance said in a... Read more »

Hafeez Shaikh briefs US treasury officials on FATF action plan implementation

ISLAMABAD: A US delegation led by Ambassador Alice G. Wells, Acting Assistant Secretary of State for the Bureau of South and Central Asian Affairs, along with the US Treasury officials comprising Scott... Read more »

Amnesty scheme extended for three more days

ISLAMABAD: The government has extended the date for tax amnesty scheme for three days on the same day when IMF board meeting to be held to discuss and approve Pakistan loan program. Read more »

ECC approves tax incentives to shipping industry for next 10 years

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) on Wednesday extended tax incentives to shipping industry for next 10 years. Read more »

Hafeez Shaikh discusses budget proposals with chambers of commerce and industries

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance and Revenue on Thursday met presidents of various chamber of commerce and industries to discuss proposals for budget 2019/2020. Read more »

ECC approves Rs20 billion fund to support stock market

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) on Thursday approved State Enterprise Fund worth Rs20 billion to support the stock market of the country. Read more »

Hafeez Shaikh assures forex dealers of reducing foreign currency limit on travel abroad

ISLAMABAD: Dr. Abdul Hafeez Shaikh, adviser to Prime Minister on Finance and Revenue on Tuesday assured foreign exchange dealers of reducing limit for carrying foreign currency on traveling abroad. Read more »

Important meeting on exchange rate situation to be held today

KARACHI: Dr. Abdul Hafeez Shaikh to chair an import meeting of a committee which will also be attended by members of exchange companies association today (Tuesday) to discuss the options for strengthening... Read more »