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...
Aurangzeb confident ahead of IMF review in Pakistan
ISLAMABAD: Finance Minister Muhammad Aurangzeb has expressed confidence in the government's progress toward meeting the International Monetary Fund's (IMF) structural benchmarks, highlighting that Pakistan's efforts are on track. He emphasized that t...
PIA sell-off: Privatisation Commission says ‘fully prepared’ for second attempt
ISLAMABAD: The Privatisation Commission (PC) has said that it is “fully prepared” for the second attempt at the Pakistan International Airlines’ (PIA) sell-off, with “several returning bidders and parties participating in th...
PCDMA Chairman urges FBR to conduct awareness sessions on SRO 55(i)/2025
KARACHI: The new conditions introduced by the Federal Board of Revenue (FBR) through SRO 55(i)/2025, which require the filing of monthly stock statements, consumption data, complex purchase, sales, and stock reports, have become a significant challen...
KSE-100 loses over 1,500 points
KARACHI: The Pakistan Stock Exchange (PSX) faced significant selling pressure on Monday, with its benchmark KSE-100 Index closing down by over 1,500 points, or 1.32%, at 112,745.01. The market mirrored global trends, reacting negatively to US Preside...
Pakistan, SFD ink pacts worth $1.61bn
ISLAMABAD: On Monday, a significant step was taken to strengthen the bilateral economic cooperation between Pakistan and Saudi Arabia, as Prime Minister Shehbaz Sharif and Sultan Abdulrahman Al-Marshad, Chief Executive Officer of the Saudi Fund for D...
Rupee registers marginal decline against USD
KARACHI: The Pakistani rupee experienced a marginal decline of 0.04% against the US dollar in the inter-bank market on Thursday, closing at 278.97, down by Re0.1 from Wednesday’s rate of 278.87. Internationally, the US dollar remained stable,...
KSE-100 ends 3-day losing streak, gains 1,700+ points
KARACHI: Buying returned to the Pakistan Stock Exchange (PSX) after three consecutive negative sessions, as the KSE-100 Index gained over 1,700 points. The index closed at 113,206.40, up by 1,719.04 points (1.54%), driven by strong performances from...
SBP foreign exchange reserves drop by $76mln, now at $11.37bln
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) declined by $76 million on a weekly basis, reaching $11.37 billion as of January 24, 2025, according to data released on Thursday. This drop was primarily attributed to exte...
