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Tax policy for cotton sector: FBR asked to seek viewpoint of IMF
ISLAMABAD: The National Assembly Standing Committee on National Food Security and Research has instructed the Federal Board of Revenue (FBR) to consult the International Monetary Fund (IMF) if Pakistan’s current tax policies fail to generate su...
KSE-100 gains over 1,000 points
KARACHI: The Pakistan Stock Exchange (PSX) saw strong bullish momentum on Monday, with the benchmark KSE-100 Index gaining over 1,000 points. The index reached an intra-day high of 111,622.72 points before closing at 111,377.96, marking a gain of 1,...
IMF to assess govt's corruption vulnerabilities
ISLAMABAD: The International Monetary Fund (IMF) is conducting a Governance and Corruption Diagnostic Assessment (GCDA) in Pakistan, aimed at identifying corruption vulnerabilities within key state functions, including fiscal governance, central bank...
Rupee records marginal decline against USD
KARACHI: The Pakistani rupee saw a marginal decline against the US dollar on Thursday, depreciating by 0.07% in the inter-bank market. At the close of trading, the currency settled at 279.15, down by Re0.19 against the greenback, according to the St...
SBP foreign exchange reserves rise by $46mln to $11.42bln
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $46 million on a weekly basis, reaching a total of $11.42 billion as of January 31, 2025, according to data released on Thursday. The country's total liquid for...
Pakistan, China sign MoUs to boost cooperation in clean energy, construction
ISLAMABAD: Pakistan and China have signed multiple memorandums of understanding (MoUs) to further enhance cooperation in various sectors, including renewable energy, construction, and fertiliser. The MoUs were signed during a high-level ceremony hel...
PM Shehbaz seeks legal expertise to accelerate privatisation efforts
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday called for the assistance of reputable legal experts to resolve legal hurdles hindering the privatisation process of state-owned enterprises (SOEs). His remarks came during a meeting held to asses...
Rupee registers marginal gain against USD
KARACHI: The Pakistani rupee showed a slight improvement against the US dollar on Tuesday, gaining 0.03% in the inter-bank market. The currency closed at 278.96, appreciating by Re0.08 from the previous day's closing of 279.04, according to the Stat...
FBR seeks more staff, resources to bridge Rs7trl tax gap
ISLAMABAD: The Federal Board of Revenue (FBR) has called for additional staff and logistical resources to tackle Pakistan's massive Rs7 trillion tax gap. According to FBR officials, a crucial part of the strategy is to enhance field operations and e...
PM directs Ramadan package implementation excluding utility stores
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed the Ministry of National Food Security and Research to roll out a Ramadan package, excluding the utility stores, in a bid to improve the quality of goods and curb corruption. Speaking at th...
