The Federal Board of Revenue (FBR) suffered a blow to its tax-to-GDP ratio in the fiscal year 2021 as the economy slowed down due to the pandemic.FBR’s new report puts the tax-to-GDP ratio at 9.9 percent. However, the Board took timely short- and long-…

The fertilizer industry sold 5.1 million metric tonnes of urea in the first ten months of 2021, up from 4.6 million metric tonnes during the same period of 2020.In doing so, it met the rising domestic demand by selling 10 percent more urea than it had …

Traders are discontented with the government’s recent decision of setting a minimum price for the export of onions.They claim that the government should not be involved in setting the values of goods as it will lead to their products becoming uncompeti…

There has been a heated debate on the future of oil refineries since the recent shutdown proposal from Farooq Rahmatullah, a member of the Energy Expert Group of Economic Advisory Council (EAC). In the recent proposal, Rahmatullah had suggested that Pa…

Service Fabrics Limited (SERF) has raised its objection against the management of the Pakistan Stock Exchange (PSX) for placing its name in the defaulter’s segment.The company considers the placement of its shares in the defaulter’s segment as unilater…

The Pakistani Rupee (PKR) has posted losses against the US Dollar (USD) for the third time this week as the local unit deteriorated by Rs. 1.3 against the greenback in the interbank currency market today.PKR has depreciated by 0.75 percent from yesterd…