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Enterprise leaders oppose strict lockdown restrictions in Karachi

A consultant picture of lockdown.FPCCI chief says restrictions in Karachi will harm enterprise actions.Says vaccination is the one answer to curb COVID-19 unfold.Zubair Motiwala...

Pakistan buys 4 LNG cargoes at highest value since 2015

State-owned PLL first cancelled tender of eight cargoes for Sept and Oct, arguing charges had been excessive.The federal government will procure three LNG cargoes...

ECC okays import of 600,000 metric tons sugar

The Financial Coordination Committee (ECC) has allowed to import 600,000 metric tons of sugar.ECC provides nod to import 600,000 metric tons of sugar.It is...

No ban on Pakistani rice export in China, clarifies Commerce Ministry

China has not imposed ban rice export from Pakistan, says Ministry of Commerce.    China is following strict protocol measures together with checking import consignments...

State Financial institution of Pakistan maintains coverage charge at 7%

Governor State Financial institution of Pakistan Dr Reza Baqir addressing a addressing a press convention together with SBP officers, on July 27, 2021. — FbThe State...

FPCCI rejects Sindh’s new coronavirus restrictions, needs nominee in process power

FPCCI President Mian Nasser Hyatt Maggo. Picture: Information FPCCI asks Murad Ali Shah-led authorities to seek the advice of them earlier than introducing any new...

SBP to announce financial coverage at the moment

The State Financial institution of Pakistan's (SBP) will announce financial coverage at the moment.The State Financial institution of Pakistan's (SBP) Financial Coverage Committee (MPC)...

Senate physique summons SECP, FIA, SBP over main corruption in HASCOL Petroleum

Senator Afnan Ullah Khan says administration of Hascol had made Rs7.5 billion by way of faux buy orders.HASCOL Petroleum's Chief Govt Officer (CEO) has...

Flight suspension from Pakistan, India to UAE prolonged until July 28: Emirates

File picture of an Emirates airline plane.Emirates airline extends suspension of flights from South Asia.Says UAE nationals, Golden Visa holders and members of diplomatic...

Present account deficit reaches 10-year low of $1.9 bln in FY2020-21

The deficit diminished by 58% to achieve $1.9 billion in July-June FY2021 from $4.4 billion a yr in the past. The present account hole represented...

Pakistani rupee weakens in opposition to US greenback in interbank market

Pucture exhibiting a person counting US {dollars} from a stack of notes. Picture: FileThe US greenback jumps by Rs1.5 to shut the day at...

Economic system made encouraging restoration however structural vulnerabilities stay: SBP

SBP points "Third Quarterly Report on The State of Pakistan’s Economy".Report says widening of the merchandize deficit in exterior sector must be contained to...

Finance Minister Shaukat Tarin says Kamyab Pakistan Programme to be launched quickly

Finance Minister Shaukat Tarin. Photograph: InformationFinance minister says authorities carried out an in depth consultative course of to work out the modalities of Kamyab...

Pakistan’s carpet trade to get a lift after hitting ‘all-time low’

In 2015, Pakistan’s exports of handmade carpets dipped from $300 million to $68 million. Photograph: ReutersChina and Pakistan have included handmade carpets to its...

ECC approves hike in costs of important objects

Minister for Finance and Income Shaukat Tarin chairs the assembly of the Financial Coordination Committee (ECC) of the cupboard. -APPECC approves enhance in costs of...

Fortunate Motor indicators settlement with Samsung to assemble telephones in Pakistan

Fortunate Motors say their manufacturing facility for Samsung will probably be accomplished by the tip of this yr.Hammad Azhar says growth is an proof...

Regardless of challenges, Pakistan’s cryptocurrency increase reveals no indicators of stopping

Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are positioned on PC motherboard on this illustration taken, June 29, 2021. Photograph: ReutersPakistan strikes to...

Petrol costs peak to historic excessive in Pakistan

A consultant picture.The costs of petrol has been elevated by Rs5.40 for the following 15 days.Authorities says it had no alternative however to extend...

Govt approves Rs5.40 per litre improve in petrol value

A employee holds a nozzle to pump petrol right into a car at a gas station in Mumbai, India, Might 21, 2018. — Reuters/FileWorth...

OGRA recommends huge enhance in petrol worth

A consultant picture.Petroleum merchandise to get costlier from July 16.The Oil and Gasoline Regulatory Authority (OGRA) has really helpful enhance in POL merchandise.PM Imran...

Govt to launch Sukuk bonds in bid to collect funds for PIA

ISLAMABAD: The federal authorities, looking for to beat the monetary challenges confronted by Pakistan Worldwide Airways (PIA) has determined to launch Sukuk bonds.Official paperwork,...

Pakistan data quickest remittance progress of $29.4b in twenty years: report

A consultant picture.SBP’s knowledge reveals remittances amounted to $29.4 billion for the 12 months resulted in June.Analysts say remittances carried out unexpectedly nicely throughout...

Shaukat Tarin says work underway to amend NAB legal guidelines

Tarin says even when present account reviews a deficit, govt will have the ability to handle it. Minister says paperwork not performing on top of...

Pakistan’s first e-bike receives overwhelming response

File photographProducer of nation's first electrical bike elated over market response.Jolta Electrical CEO says firm is rolling out 1,000 models monthly and intend to...

Pakistan might undergo one other gasoline disaster in September or October

— File photographAuthorities has abstained from buying eight spot LNG cargoes for September and October.Pakistan has refused to purchase LNG because the gasoline was...

How will the Pakistani rupee carry out subsequent week?

On this file photograph, Cash sellers rely Pakistani rupees, proper, and US {dollars} at a forex alternate in Islamabad on March 12, 2014. —...

IMF and Pakistan’s targets are aligned: SBP Governor Reza Baqir

State Financial institution of Pakistan Governor Dr Reza Baqir introducing the Roshan Digital Initiative on the Pakistan embassy in Washington DC, US. Photograph: Twitter/...

Rupee falls to 5-month low towards US greenback

A consultant picture.Persistent rise in oil costs exerting stress on rupee.Sellers anticipate the rupee to the touch 160 per greenback quickly possibly within the...

Blaze at Dubai’s Jebel Ali Port after loud blast underneath management

Plumes of smoke rise from a container ship anchored in Dubai's Jebel Ali port as emergency providers attempt to include the fireplace, in Dubai,...

Pakistan presents one other $1 billion bonds below Sukuk

Pakistan launched $1 billion in worldwide bonds below the Sukuk initiative on Tuesday, The Information reported.The subscription value of those Sukuk bonds quantities to...

Regular gasoline provide, strain being restored to all sectors in the present day: Hammad Azhar

Vitality Minister Hammad Azhar speaks at a public occasion. Picture: File"RLNG supplies 100% restoration achieved," tweets Hammad Azhar. Announcement comes after the gasoline disaster had...

PBS to get chief statistician after 4 years

The workplace of the Pakistan Bureau of Statistics (PBS).PBS to get a chief statistician after 4 years, abstract moved for PM Imran Khan's approval.There are...

Saving certificates revenue: FBR imposes withholding tax of 15% on filers, 30% on non-filers

The brand new charges are relevant on varied devices aside from earnings on Bahbood certificates and pensioner profit account.Near 98 to 99% small buyers...

Govt redefines what it means to be a resident Pakistani for tax functions

The brand of FBR.The govern,ent has modified the definition of who might be thought-about a resident Pakistani by means of the Finance Act 2021-22.Beneath...

PM Imran Khan commends FBR for elevating ‘historic stage of tax revenues’

Prime Minister Imran Khan. File pictureFBR collected Rs4,723bn in fiscal 12 months 2020-21, says PM Imran Khan.Efficiency of the Burea is a sworn statement...

With improved checks on meals, gas costs, inflation eases to 9.7% in June

A shopkeeper makes use of a calculator whereas promoting spices and grocery gadgets alongside a store in Karachi, Pakistan June 11, 2021. -REUTERSJune inflation...

Remittance loyalty programme to be launched for abroad Pakistanis

Prime Minister Imran Khan. file photographPM Imran Khan chairs assembly to evaluate remittances and points associated to abroad Pakistanis.Says expats are an asset to...

SBP amends international alternate laws

The brand of State Financial institution of PakistanThe central financial institution has launched modifications in international alternate laws.The modifications will facilitate export transactions by means...

Pakistanis can now begin submitting earnings tax returns for FY2020-21

FBR says the final date to file the tax returns is September thirtieth.FBR says it has has uploaded the Earnings Tax Return Varieties...

FBR meets tax assortment goal for present fiscal yr 2020-21

FBR collects Rs4,725 billion throughout outgoing monetary yr 2020-21.That is greater than the Federal Board of Income's annual tax assortment goal.Tax collections elevated by...

LPG goes up by Rs18.83 per kilogram

ISLAMABAD: The Oil and Gasoline Regulatory Authority (OGRA) on Wednesday issued a price-revision notification of Liquefied Petroleum Gasoline (LPG) for the month of July.In...

KPD fuel area in SSGC community again on-line: Hammad Azhar

Minister for Vitality Hammad Azhar. File photographPakistan going through extreme power disaster because of which CNG stations are closed until July 5.Vitality Minister Hammad...

Govt kinds high-powered committee to resolve about tax defaulters’ arrest

Finance Minister Shaukat Tarin. File photographPeople discovered responsible of tax concealment of Rs100mn (filer) and Rs25mn (non-filer) could also be arrested.Finance minister, chairman FBR...

Petrol worth anticipated to extend by Rs6 from July 1

Folks getting their gasoline tanks stuffed with petrol at a fuel pump in Karachi, on Could 28, 2021. — APP/FileOGRA sends abstract to Petroleum...

World Financial institution approves $800m mortgage for Pakistan’s energy sector reforms, human capital improvement

The World Financial institution brand.World Financial institution approves $800 million loans for 2 programmes.The $400 million PACE initiative focuses on measures to enhance monetary...

Telecom operators say assortment of proposed tax on voice calls ‘unimplementable’

A representatonal picture. Picture: FileFBR must "sniff through" billions of name data and minutes, say telecom operators. Extra tax on voice name exceeding 5 minutes...

CNG stations in Sindh to stay shut until July 9

Compressed pure gasoline (CNG) stations will stay closed until July 9 in Sindh, Sui Southern Fuel Firm (SSGC) introduced on Monday.CNG stations within the...

Strengthening small and medium enterprises in tribal areas

A tailor stitches garments for individuals in the neighborhood within the Orakzai district.Photograph supplied by the creator.Nouman Turi, an architect and personal contractor from...

Ghee, oil will turn into dearer from July 1

At the moment, the federal government has been charging Rs90 per kg/litre tax on ghee and cooking oil which is the very best within...

World Financial institution grants Pakistan $442.4m for uplift of social infrastructure in Punjab

ISLAMABAD: The World Financial institution has granted Pakistan US$ 442.4 million for the uplift of social infrastructure within the rural areas of Punjab, together...

Latest news

Noor Mukadam homicide: Court docket extends Zahir Jaffer’s bodily remand by two days

Zahir Jaffer, the prime suspect within the homicide of Noor Mukadam, whereas being delivered to court docket, on July 26, 2021. — TwitterIslamabad court...

After Scarlett Johansson, Gerard Butler sues producers over movie earnings

Actor-producer Gerard Butler has filed a lawsuit in opposition to the producers of Olympus Has Fallen saying he's owed a minimum of $10...

Pakistan mulls vaccinating folks beneath 18

Empty vials of the Pfizer-BioNTech coronavirus illness (COVID-19) vaccine are seen at The Michener Institute, in Toronto, Canada January 4, 2021. — Reuters/FileTechnique anticipated...

Murtaza Wahab requests Centre to chorus from politicising Sindh lockdown

Sindh authorities's spokesperson Barrister Murtaza Wahab addresses a press convention. Screengrab from at this time's press conventionMurtaza Wahab requests matter of lockdown not be...

4 days on, Turkey continues to battle forest fires

This aerial {photograph} exhibits homes surrounded by a wildfire which engulfed a Mediterranean resort area on Turkey´s southern coast close to the city of...