The Federal Board of Revenue (FBR) has exempted customs duty on the import of nine items including coal, marble, sulphur and containers from Afghanistan.The FBR has also exempted regulatory duty on the import of marble and reduced regulatory duty on im…
The foreign reserves held by the State Bank of Pakistan (SBP) fell week-over-week by $415 million (2.2 percent) to $18.15 billion, mainly due to external debt repayments.According to the data released by the State Bank of Pakistan (SBP), the foreign ex…
The Public Accounts Committee (PAC) voiced its concerns regarding the Finance Ministry’s briefing on the Rs. 1,240 billion COVID-19 relief package, on Wednesday, after the ministry reportedly failed to satisfy the committee.During an audit briefing of …
A meeting of the Cabinet Committee on Energy (CCoE) was held under the Chairmanship of Federal Minister for Planning, Development, and Special Initiatives Asad Umar in Islamabad on Thursday.The Cabinet Committee on Energy considered the report on the i…
Delegation of Ericsson Pakistan Pvt. Ltd. called on Federal Minister for IT and Telecommunication, Syed Amin Ul Haque, on Wednesday.Matters related to digitalization and mobile phone manufacturing were discussed during the meeting.Talking to the delega…
Federal Minister for Information and Broadcasting, Fawad Chaudhry, has said that the government has set a 0.5 million car production target under the new auto policy.The minister after the cabinet briefing informed the media that the government has set…
For the first time in the country’s bleak startup history, the Securities and Exchange Commission of Pakistan (SECP) has awarded a Non-Banking Finance License to the highly popular Buy Now Pay Later (BNPL) startup QisstPay.According to the company’s co…
The federal cabinet has postponed the ratification of the proposed Rs. 360 billion mini-budget and a contentious central bank autonomy legislation to analyze government capital and national security.The government has delayed the announcement for the i…
A Memorandum of Understanding (MoU) between Habib Bank Limited (HBL) and China Machinery Engineering Corporation (CMEC) on Agricultural Cooperation was signed towards the end of the CPEC Industrial Cooperation B2B Investment Conference in Lahore.Federa…
The Pakistani Rupee (PKR) fell to another new all-time low against the US Dollar (USD) and depreciated by 10 paisas against the greenback in the interbank market today. It hit an intra-day low of Rs. 178.57 against the USD during today’s open market se…
