The government of Pakistan has imposed restrictions on non-ATL (Active Taxpayer List) individuals from claiming certain benefits of capital asset exclusions…
The Finance Act, 2023, has introduced a new section 231C, which mandates the collection of advance tax amounting to Rs200,000 on payments made to foreign…
The Cabinet Committee on Energy (CCoE), in its meeting which is scheduled to be held on Monday, August 07, 2023, will discuss the Draft Pakistan Oil Refining Policy 2023 …
Both the US Federal Reserve and the European Central Bank seem committed to achieving their 2% inflation target. However, some experts are questioning whether..
Three centers of excellence including National Center for Manufacturing (NCM), National Centre for Quantum Computing (NCQC), and National Center for…
From consumer goods giant Unilever to automaker Nissan and machinery maker Caterpillar, global firms have warned of slowing earnings in China as the world’s….
Fitch downgrading the U.S. government’s top credit rating drew an angry response from the White House and surprised investors, coming despite the resolution…
The demand for Pakistani rice has significantly risen worldwide amid the recent decision of the Indian government to impose a ban on the export of…
Fitch Ratings has downgraded the United States of America’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘AA+’ from ‘AAA’…
Asian markets followed Wall Street lower Wednesday as the wind came out of the latest rally, with traders jolted by the downgrade of US sovereign debt, soft…
The representatives of Unions of Civil Aviation Employees conveyed their concerns on outsourcing of airports, specifically related to their job security….
The State Bank of Pakistan (SBP) has bifurcated the erstwhile Banking Conduct & Consumer Protection Department (BC&CPD) into two departments i.e. Banking…
Pakistan’s trade deficit for the month of July was $1.607 billion compared to a deficit of $1.863bn from the previous month, marking an improvement of 13.74%…
The official reserve assets, including foreign currency reserves, IMF reserve position, Special Drawing Rights (SDRs), gold, and other reserve assets, stood…
The consumer price index (CPI) for the month of July 2023 clocked in at 28.3% YoY, compared to 29.4% YoY…
SECP has published a Whitelist of Digital Lending Applications on its website…
Prime Minister Shehbaz Sharif and Federal Minister for Finance and Revenue Ishaq Dar on Wednesday decided to pay government employees their salary for the current month before Eid-ul-Fitr.
The Economic Coordination Committee (ECC) of the Cabinet in its meeting which is scheduled to be held on April 13, 2023….
The State Bank of Pakistan (SBP) on Tuesday directed Authorized Dealers (ADs) to purchase export proceeds from exporters at the prevailing market….
The United Arab Emirates (UAE) is likely to provide a written guarantee for $1 billion…
The Central Development Working Party (CDWP) on Tuesday approved three development projects….
The number of Raast, which is SBP’s initiative for providing instant and cost-efficient payments, users increased from 15 million to 25.8mn…
The International Monetary Fund (IMF) has reduced Pakistan’s estimated real GDP growth rate for the current fiscal year from 2% to 0.5%….
The passenger car sales witnessed a massive decline of around 68.41% YoY in March 2023, clocking in at 7,201…
Foreign exchange inflows through Roshan Digital Account (RDA) in March 2023 reached $5.96 billion….
The Finance Division on Monday rebutted a news item circulating on various media channels claiming that….
The total deposits held by scheduled banks have moved up by 15% YoY to Rs23.56 trillion in March 2023 compared to Rs20.46tr in March 2022…
Despite the economic challenges faced by the country in general and the plummeting reserves in particular, the Economic Coordination Committee (ECC)….
The State Bank of Pakistan (SBP) conducted an Open Market Operation (OMO) today, in which it injected a total of Rs77 billion…
Workers’ remittances for the month of February registered an increase to 27.41% MoM $2.5 billion, compared to $1.98bn in February 2023…
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