The Central Power Purchasing Agency (CPPA) has sought an increase of Rs. 4.33 per unit in power tariff on account of monthly fuel charges adjustment (FCA) for November 2021.Following a massive increase of Rs. 4.75 per unit from NEPRA, on account of mon…
The State Bank of Pakistan (SBP) has updated the regulations governing the selling of foreign exchange to individuals by exchange companies in order to curb the demand for the US Dollar in the local markets.The central bank has added new limits for the…
Packages Limited will lead a consortium consisting of IGI Investment and Affiliates of Arshad Ali Gohar Group to acquire majority shares of 52.87 percent in the leading pharmaceutical company, Sanofi-Aventis Pakistan.According to stock filing, the mana…
The Pakistani Rupee (PKR) finally held out against the US Dollar (USD) and reported no change against the greenback in the interbank market today. Withal, it hit an intra-day low of Rs. 178.30 against the USD during today’s open market session.The loca…
Governor State Bank of Pakistan (SBP) Dr. Reza Baqir announced on Monday the agriculture credit target of Rs. 1.7 trillion for the current fiscal year, which will be made possible by reaching five million borrowers across the country.The governor, who …
Pakistan’s current account recorded the highest deficit of $1.91 billion during the current financial year 2021-22 in November 2021 according to the statistics released by the State Bank of Pakistan (SBP) on Monday due to the soaring import bill.Accord…
The Islamic Development Bank (IsDB) has approved $252.5 million of funding for two vital projects in Pakistan aimed to support the country’s green agenda in the energy sector and its ongoing efforts to counter the adverse impacts of COVID-19.President …
Federal Tax Ombudsman (FTO) Dr. Muhammad Asif Mahmood Jah, has directed officials to investigate the issue of the minimum tax computational formula that was approved by a policymaker of the Federal Board of Revenue (FBR).The FTO Office has sent a notic…
The federal government has put off the plan of exempting the import of oxygen gas, cylinders, and cryogenic tanks from taxes due to the lack of a clear procedure.Sources told ProPakistani that the National Command and Operation Center (NCOC) had direct…
On the third and last day of his eventful visit to Baluchistan, Chairman FBR/Secretary Revenue Division, Dr. Muhammad Ashfaq Ahmed, visited Customs House, Chaman for reviewing and ensuring progress at Customs counters.He was accompanied by Dr. Muhammad…
